QLD Options History — August 2009

In August 2009, QLD traded between $0.66 and $0.73. ATM implied volatility averaged 44.5%, placing in the 2.9% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 10.8% (HV 20d: 33.7%). Max pain ranged from $0.63 to $0.70. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.07.

Notable Days

  • 2009-08-21: Highest Volume — 645,376 contracts
  • 2009-08-13: Largest IV spike — 14.4% change
  • 2009-08-17: Highest IV Rank — 7.4%
  • 2009-08-17: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.71$0.66$0.73$0.72$0.72
Max Pain$0.67$0.63$0.70$0.63$0.70
ATM IV44.5%40.1%50.6%45.1%43.3%
Expected Move12.9%11.5%14.5%12.9%12.4%
HV 20d33.7%27.2%37.6%36.6%35.1%
HV 60d40.2%37.5%42.8%42.6%37.8%
IV Rank2.9%0.0%7.4%3.2%2.4%
IV Percentile9.0%0.0%21.4%11.5%5.6%
Term Structure3.3%0.6%7.5%1.8%7.0%
VWIV46.2%40.5%51.7%47.1%44.2%
Skew 25d8.4%6.6%10.1%7.6%6.9%
Skew 10d16.7%13.5%22.0%16.0%14.3%
Call IV 25d41.3%37.7%46.5%41.6%40.4%
Put IV 25d49.6%44.5%54.2%49.2%47.3%
Bid-Ask Spread %17.3612.0526.5515.9217.58
Gamma HHI0.160.090.270.100.20
Net GEX1.2M517.1K2.1M1.2M1.2M
Net DEX-66.9M-98.6M-35.1M-87.8M-38.7M
Net VEX-193.3K-219.7K-151.0K-202.9K-203.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.273.500.650.88
Total Volume292,440.381136,768645,376262,720181,568
Total OI3,746,953.1432,253,4404,586,8803,532,2243,032,640

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-08-03$0.72$0.6345.1%12.9%36.6%3.2%47.1%7.6%1.8%1.2M-87.8M-202.9K0.6515.92N/AN/A159,040103,6802,029,8241,502,400
2009-08-04$0.72$0.6342.9%12.3%28.6%1.6%46.5%7.8%2.6%1.4M-89.4M-201.3K1.0712.05N/AN/A92,48099,2002,087,8081,559,296
2009-08-05$0.71$0.6346.2%13.2%30.2%4.1%51.7%8.5%1.9%1.3M-81.0M-213.7K3.5016.58N/AN/A76,416267,2002,114,2401,601,600
2009-08-06$0.69$0.6447.4%13.6%32.0%5.0%49.9%8.0%1.3%1.1M-70.1M-219.7K1.4314.91N/AN/A107,776154,2402,132,9281,766,976
2009-08-07$0.71$0.6643.7%13.5%32.2%2.2%48.1%9.1%0.6%1.2M-83.7M-217.7K1.2720.35N/AN/A149,184190,2082,177,4721,863,296
2009-08-10$0.70$0.6645.6%13.7%32.0%3.7%49.0%9.7%2.2%1.1M-76.6M-213.9K1.0614.32N/AN/A66,43270,3362,229,8241,948,736
2009-08-11$0.69$0.6645.7%13.8%33.6%3.7%48.6%9.8%1.9%985.6K-67.3M-211.1K1.1917.13N/AN/A85,120101,1842,250,0481,978,368
2009-08-12$0.71$0.6740.6%13.3%27.8%0.0%48.4%10.1%2.6%1.3M-89.7M-194.9K1.1416.80N/AN/A107,776122,7522,265,8561,991,040
2009-08-13$0.72$0.6746.4%13.3%27.2%4.3%48.8%8.8%2.1%1.5M-94.4M-196.7K1.1515.58N/AN/A184,320211,6482,302,8482,039,936
2009-08-14$0.70$0.6747.9%13.7%29.1%5.4%49.4%8.2%2.0%1.2M-78.8M-206.2K1.2117.94N/AN/A127,936154,4322,357,1202,138,944
2009-08-17$0.66$0.6750.6%14.5%36.7%7.4%50.4%7.6%2.0%517.1K-35.1M-201.0K0.9426.55N/AN/A213,504201,4722,395,0722,172,672
2009-08-18$0.68$0.6747.4%13.6%37.6%5.1%47.6%7.8%3.7%752.6K-56.4M-187.0K0.4421.98N/AN/A155,00867,7122,392,1282,194,752
2009-08-19$0.69$0.6747.8%13.7%37.6%5.3%46.8%9.6%2.2%1.2M-66.8M-172.7K1.0215.39N/AN/A159,552162,2402,334,2722,181,056
2009-08-20$0.71$0.6744.5%12.8%35.2%2.9%44.9%9.0%4.1%1.7M-81.8M-161.6K0.7517.05N/AN/A139,776105,4722,268,4802,171,648
2009-08-21$0.72$0.6742.3%12.1%36.1%1.3%42.0%7.6%3.9%2.1M-98.6M-151.0K0.2717.67N/AN/A508,480136,8962,223,8722,203,392
2009-08-24$0.72$0.6742.4%12.2%36.1%1.4%42.4%9.2%3.8%919.3K-40.0M-162.6K1.0718.85N/AN/A168,576180,1601,274,880978,560
2009-08-25$0.73$0.6941.2%11.8%36.1%0.4%40.7%8.7%5.1%918.6K-41.6M-174.8K0.9715.37N/AN/A121,536118,0801,360,1281,066,432
2009-08-26$0.73$0.7042.4%12.2%36.0%1.3%41.8%7.4%4.8%870.2K-39.5M-181.2K0.8816.67N/AN/A147,968129,9841,415,4881,143,872
2009-08-27$0.73$0.7040.1%11.5%35.8%0.0%41.8%7.6%5.6%988.0K-41.9M-190.7K1.1017.75N/AN/A127,360140,1601,497,7921,210,112
2009-08-28$0.73$0.7040.1%11.5%35.7%0.1%40.5%6.6%7.5%1.1M-44.8M-195.2K0.5318.16N/AN/A225,216119,1681,556,8001,273,408
2009-08-31$0.72$0.7043.3%12.4%35.1%2.4%44.2%6.9%7.0%1.2M-38.7M-203.5K0.8817.58N/AN/A96,38485,1841,706,1121,326,528