QLD Options History — July 2009

In July 2009, QLD traded between $0.54 and $0.70. ATM implied volatility averaged 45.6%, placing in the 3.7% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 3.5% (HV 20d: 42.1%). Max pain ranged from $0.55 to $0.63. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.67.

Notable Days

  • 2009-07-15: Highest Volume — 792,576 contracts
  • 2009-07-06: Largest IV spike — 12.4% change
  • 2009-07-08: Highest IV Rank — 9.1%
  • 2009-07-07: Largest Expected Move — 15.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.62$0.54$0.70$0.60$0.70
Max Pain$0.58$0.55$0.63$0.55$0.63
ATM IV45.6%42.2%53.0%43.0%44.0%
Expected Move13.3%12.1%15.5%12.3%12.6%
HV 20d42.1%36.4%47.8%36.4%36.7%
HV 60d44.7%43.6%46.8%46.8%43.7%
IV Rank3.7%1.2%9.1%1.7%2.5%
IV Percentile8.6%1.6%22.6%3.2%7.1%
Term Structure3.0%0.8%6.8%5.1%3.3%
VWIV46.7%41.5%55.9%41.5%46.3%
Skew 25d9.8%7.4%13.0%10.3%7.9%
Skew 10d19.2%13.9%26.4%25.3%16.7%
Call IV 25d41.5%38.0%48.5%38.0%40.7%
Put IV 25d51.3%47.5%60.0%48.3%48.5%
Bid-Ask Spread %17.2911.8424.2813.8416.33
Gamma HHI0.170.110.540.160.11
Net GEX1.6M783.4K3.4M1.8M1.2M
Net DEX-55.3M-112.6M-9.9M-53.8M-74.3M
Net VEX-165.3K-218.6K-123.9K-169.7K-218.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.151.870.390.99
Total Volume366,466.909116,096792,576158,848166,784
Total OI3,511,351.2731,953,2804,481,4723,538,2403,481,280

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-07-01$0.60$0.5543.0%12.3%36.4%1.7%41.5%10.3%5.1%1.8M-53.8M-169.7K0.3913.84N/AN/A114,68844,1602,085,9521,452,288
2009-07-02$0.57$0.5543.3%12.4%38.7%2.0%43.2%7.4%4.3%1.5M-33.3M-165.1K0.8111.84N/AN/A174,592140,7362,129,8561,479,296
2009-07-06$0.57$0.5848.7%14.6%38.7%5.9%51.8%11.5%1.6%1.4M-29.0M-153.6K0.4724.28N/AN/A163,58476,8642,182,7201,537,600
2009-07-07$0.54$0.5852.4%15.5%42.2%8.7%53.2%13.0%1.1%829.6K-9.9M-142.9K0.6623.54N/AN/A220,224144,5762,209,7281,559,936
2009-07-08$0.54$0.5853.0%15.4%41.8%9.1%51.8%11.2%0.8%939.0K-14.3M-149.6K0.5422.48N/AN/A220,992118,4642,268,2241,618,304
2009-07-09$0.54$0.5647.8%14.9%41.9%5.3%50.8%11.9%1.0%976.6K-13.8M-143.4K0.5621.77N/AN/A74,24041,8562,319,1681,634,496
2009-07-10$0.55$0.5646.4%14.9%42.2%4.2%55.9%11.8%1.7%1.2M-18.2M-142.0K0.6523.20N/AN/A277,824181,0562,338,8801,636,608
2009-07-13$0.57$0.5548.7%14.1%44.7%6.0%48.2%11.0%2.1%2.0M-38.6M-143.5K0.3417.46N/AN/A250,49685,1842,459,5841,782,912
2009-07-14$0.57$0.5547.2%13.3%42.1%4.8%47.7%11.4%4.4%2.3M-43.4M-141.4K0.7016.60N/AN/A139,07297,6002,458,6881,793,472
2009-07-15$0.61$0.5544.1%13.2%47.5%2.5%46.5%11.1%4.8%3.2M-87.8M-133.9K0.4218.84N/AN/A557,888234,6882,491,5201,840,640
2009-07-16$0.63$0.5644.8%12.8%47.8%3.0%44.7%10.4%4.7%3.3M-100.6M-137.7K0.1517.05N/AN/A538,94480,3202,535,0401,946,432
2009-07-17$0.63$0.5643.5%12.5%47.7%2.1%43.3%9.0%6.8%3.4M-112.6M-123.9K0.2216.55N/AN/A586,304127,6802,567,6161,859,200
2009-07-20$0.64$0.5843.8%12.6%47.6%2.3%44.1%9.4%2.9%783.4K-38.8M-138.1K0.3417.18N/AN/A318,272108,9281,140,096813,184
2009-07-21$0.65$0.5842.2%12.1%41.5%1.2%43.6%8.6%3.8%1.1M-48.5M-148.5K0.5118.60N/AN/A299,200152,1921,345,920855,744
2009-07-22$0.66$0.5943.4%12.4%41.3%2.0%43.7%9.3%3.8%1.2M-56.1M-171.1K0.8117.11N/AN/A218,944176,3841,516,608964,416
2009-07-23$0.69$0.6145.6%13.1%42.4%3.7%47.0%9.0%1.2%1.1M-70.4M-179.8K0.6612.33N/AN/A401,856264,5121,620,4161,079,936
2009-07-24$0.69$0.6343.4%12.4%41.0%2.0%45.4%8.3%3.6%1.3M-73.5M-205.6K1.1312.38N/AN/A120,320136,1281,845,5041,238,016
2009-07-27$0.69$0.6344.7%12.8%41.0%3.0%44.9%8.7%2.0%1.3M-74.7M-202.7K0.8513.02N/AN/A104,89688,9601,882,1121,294,208
2009-07-28$0.70$0.6342.5%12.2%41.0%1.4%43.6%8.6%2.9%1.3M-76.1M-203.5K1.8716.87N/AN/A102,272191,4241,893,3121,323,136
2009-07-29$0.69$0.6345.5%13.0%41.1%3.6%45.3%7.9%2.4%1.1M-71.1M-212.8K0.4912.18N/AN/A88,64043,5201,928,8321,425,472
2009-07-30$0.70$0.6345.5%13.0%41.1%3.6%45.1%8.0%2.5%1.2M-78.1M-210.0K1.1116.96N/AN/A183,680203,3281,973,1201,440,256
2009-07-31$0.70$0.6344.0%12.6%36.7%2.5%46.3%7.9%3.3%1.2M-74.3M-218.6K0.9916.33N/AN/A83,84082,9442,005,0561,476,224