QLD Options History — September 2009

In September 2009, QLD traded between $0.69 and $0.81. ATM implied volatility averaged 43.4%, placing in the 2.5% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 11.3% (HV 20d: 32.1%). Max pain ranged from $0.61 to $0.73. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.84.

Notable Days

  • 2009-09-18: Highest Volume — 505,408 contracts
  • 2009-09-10: Largest IV spike — 10.1% change
  • 2009-09-01: Highest IV Rank — 5.6%
  • 2009-09-08: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.77$0.69$0.81$0.69$0.80
Max Pain$0.68$0.61$0.73$0.70$0.73
ATM IV43.4%40.0%47.7%47.7%43.8%
Expected Move12.7%11.5%13.9%13.7%12.5%
HV 20d32.1%25.1%39.5%37.6%25.1%
HV 60d36.5%32.2%39.5%38.6%32.2%
IV Rank2.5%0.0%5.6%5.6%2.8%
IV Percentile7.8%0.0%15.9%15.9%12.7%
Term Structure3.8%1.2%6.0%4.6%2.4%
VWIV45.7%40.8%51.1%47.1%43.9%
Skew 25d8.6%6.2%10.1%6.2%8.6%
Skew 10d17.3%9.0%20.7%9.0%19.6%
Call IV 25d40.5%36.7%44.7%44.7%40.2%
Put IV 25d49.0%44.3%52.7%50.9%48.7%
Bid-Ask Spread %13.0710.2618.5516.8510.26
Gamma HHI0.150.080.220.160.09
Net GEX1.6M840.7K2.5M840.7K1.3M
Net DEX-64.0M-115.0M-22.4M-22.6M-46.7M
Net VEX-193.4K-217.1K-161.8K-201.2K-217.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.361.340.501.04
Total Volume304,740.571104,064505,408408,768290,880
Total OI3,321,941.3332,369,7284,045,8883,107,1363,236,800

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-09-01$0.69$0.7047.7%13.7%37.6%5.6%47.1%6.2%4.6%840.7K-22.6M-201.2K0.5016.85N/AN/A272,064136,7041,750,1441,356,992
2009-09-02$0.69$0.7047.5%13.6%37.3%5.5%46.8%7.3%5.6%904.0K-22.4M-207.9K0.6216.06N/AN/A64,38439,6801,845,1201,417,792
2009-09-03$0.70$0.7044.6%12.8%37.1%3.3%48.3%6.8%6.0%1.1M-28.8M-209.6K1.2912.43N/AN/A92,096118,5921,857,6001,431,040
2009-09-04$0.73$0.6140.2%13.7%39.2%0.1%51.0%8.3%4.1%1.7M-49.7M-203.9K0.9316.10N/AN/A185,344171,6481,868,4161,475,264
2009-09-08$0.74$0.6343.0%13.9%39.5%2.1%51.1%9.0%3.0%2.1M-63.1M-197.5K1.1212.53N/AN/A121,984136,2561,938,7521,550,144
2009-09-09$0.75$0.6341.2%13.5%39.0%0.9%48.7%9.0%1.2%2.4M-75.5M-198.1K0.7618.55N/AN/A248,576188,3521,967,5521,620,544
2009-09-10$0.77$0.6345.4%13.0%38.1%3.9%47.2%10.1%2.7%2.5M-89.7M-197.8K0.8311.21N/AN/A152,576125,9522,025,5361,692,608
2009-09-11$0.77$0.6445.9%13.2%38.1%4.3%46.4%8.8%2.1%2.5M-87.3M-200.7K1.3413.31N/AN/A152,384203,6482,028,2881,750,976
2009-09-14$0.77$0.6445.2%13.0%36.8%3.8%47.8%9.0%3.6%2.5M-90.7M-183.0K0.9315.56N/AN/A116,736108,6082,004,6721,787,008
2009-09-15$0.78$0.6444.1%12.6%27.7%2.9%46.3%8.4%4.0%2.5M-95.1M-180.6K0.7611.91N/AN/A146,624110,9762,009,9201,815,360
2009-09-16$0.80$0.6443.2%12.4%27.8%2.3%47.5%8.7%3.8%1.9M-115.0M-163.1K1.0412.47N/AN/A229,184238,5282,020,0321,866,752
2009-09-17$0.80$0.6643.5%12.5%27.9%2.5%45.4%9.3%3.8%1.5M-109.9M-165.7K0.3615.42N/AN/A287,296103,8082,018,1121,992,192
2009-09-18$0.81$0.6742.0%12.0%27.2%1.4%42.9%8.9%5.1%1.4M-112.9M-161.8K0.4411.77N/AN/A351,936153,4722,029,6962,016,192
2009-09-21$0.81$0.6741.5%11.9%26.4%1.1%42.4%8.5%5.6%970.8K-54.8M-167.0K0.6012.80N/AN/A172,096104,0001,226,2401,143,488
2009-09-22$0.81$0.6940.0%11.5%26.2%0.0%40.8%7.6%4.5%1.2M-54.8M-175.3K0.6710.82N/AN/A166,720111,9361,268,8641,195,776
2009-09-23$0.80$0.7041.9%12.0%26.9%1.4%41.8%9.2%3.8%1.2M-51.3M-188.2K0.8712.04N/AN/A206,464179,9041,351,2961,268,672
2009-09-24$0.79$0.7342.5%12.2%27.9%1.9%44.8%8.7%3.9%1.0M-42.8M-208.8K0.9510.98N/AN/A152,896145,6001,460,5441,387,392
2009-09-25$0.78$0.7342.3%12.1%28.9%1.7%43.0%8.3%3.7%854.7K-35.3M-209.5K1.1311.45N/AN/A84,86496,1281,481,8561,465,024
2009-09-28$0.80$0.7343.3%12.4%30.8%2.4%43.3%8.8%2.9%1.2M-49.5M-209.9K0.7511.33N/AN/A119,48889,2801,512,3841,503,104
2009-09-29$0.80$0.7343.1%12.4%29.7%2.3%42.7%10.1%2.9%1.3M-47.1M-214.9K0.7810.60N/AN/A124,41697,4721,580,6081,542,016
2009-09-30$0.80$0.7343.8%12.5%25.1%2.8%43.9%8.6%2.4%1.3M-46.7M-217.1K1.0410.26N/AN/A142,400148,4801,639,4881,597,312