QLD Options History — December 2009

In December 2009, QLD traded between $0.84 and $0.95. ATM implied volatility averaged 36.3%, placing in the 3.0% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 9.4% (HV 20d: 26.9%). Max pain ranged from $0.77 to $0.84. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.75.

Notable Days

  • 2009-12-28: Highest Volume — 487,040 contracts
  • 2009-12-09: Largest IV drop — 9.8% change
  • 2009-12-17: Highest IV Rank — 7.2%
  • 2009-12-08: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.89$0.84$0.95$0.86$0.93
Max Pain$0.80$0.77$0.84$0.81$0.84
ATM IV36.3%30.6%40.4%38.4%34.2%
Expected Move10.6%8.8%12.5%11.0%9.8%
HV 20d26.9%22.7%32.9%32.5%23.9%
HV 60d33.0%30.6%34.0%33.5%30.6%
IV Rank3.0%0.0%7.2%3.1%5.9%
IV Percentile4.2%0.0%12.3%4.4%2.4%
Term Structure5.9%2.7%9.2%2.7%5.3%
VWIV38.5%32.4%44.4%38.9%34.3%
Skew 25d9.0%7.4%10.0%8.8%7.4%
Skew 10d18.7%15.1%22.9%16.3%16.7%
Call IV 25d33.2%26.2%39.1%35.2%30.5%
Put IV 25d42.2%34.9%48.6%44.0%38.0%
Bid-Ask Spread %15.329.7320.5017.479.73
Gamma HHI0.110.080.220.080.10
Net GEX2.2M1.3M3.8M1.7M2.7M
Net DEX-63.4M-89.4M-36.4M-52.7M-80.3M
Net VEX-247.3K-280.3K-214.2K-268.7K-249.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.231.360.841.19
Total Volume263,220.364120,512487,040278,848192,000
Total OI3,254,237.0912,300,1603,960,7683,092,0963,108,800

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-12-01$0.86$0.8138.4%11.0%32.5%3.1%38.9%8.8%2.7%1.7M-52.7M-268.7K0.8417.47N/AN/A151,168127,6801,692,0321,400,064
2009-12-02$0.86$0.8336.9%10.6%32.5%1.1%37.3%8.0%3.3%1.8M-54.7M-266.8K1.0520.50N/AN/A115,712121,6641,739,6481,417,280
2009-12-03$0.85$0.8338.0%10.9%32.9%2.6%39.4%8.6%3.3%1.6M-48.3M-276.9K0.6918.41N/AN/A108,60874,8801,778,3681,477,440
2009-12-04$0.86$0.7738.7%12.1%29.1%3.4%42.4%9.2%5.7%1.8M-54.8M-280.3K0.5617.42N/AN/A256,832143,5521,821,3761,516,288
2009-12-07$0.85$0.7738.2%12.0%29.4%3.3%44.4%9.1%5.3%1.9M-51.2M-268.7K1.0718.27N/AN/A95,104101,6961,896,1281,555,840
2009-12-08$0.84$0.7740.4%12.5%25.9%6.7%42.9%9.6%4.7%1.6M-38.3M-268.9K0.7119.28N/AN/A179,136126,8481,879,8081,575,296
2009-12-09$0.86$0.7736.5%11.9%26.8%0.7%43.3%9.8%5.9%2.2M-54.2M-264.5K1.3616.50N/AN/A85,120116,0961,904,3201,581,440
2009-12-10$0.87$0.7739.7%11.4%26.6%5.7%41.8%9.8%7.2%2.4M-60.3M-264.0K1.2215.35N/AN/A93,696114,7521,916,8641,625,536
2009-12-11$0.86$0.7839.6%11.4%26.5%5.5%43.3%10.0%7.3%2.2M-53.7M-259.2K0.8416.34N/AN/A220,608185,9201,925,8881,678,848
2009-12-14$0.88$0.7839.9%11.4%26.6%5.9%41.1%9.7%6.4%2.6M-71.0M-244.4K0.9118.75N/AN/A113,472103,4241,965,7601,772,160
2009-12-15$0.87$0.7839.4%11.3%25.9%5.1%40.3%9.2%7.4%2.6M-59.6M-242.7K0.5715.91N/AN/A76,60843,9042,021,3121,813,248
2009-12-16$0.87$0.7838.2%10.9%25.8%3.8%39.9%9.3%7.5%3.1M-66.1M-235.4K0.7017.82N/AN/A100,54469,9522,051,2001,826,944
2009-12-17$0.85$0.7840.0%11.5%27.0%7.2%42.0%9.2%6.5%2.1M-36.4M-227.6K0.6215.17N/AN/A216,256133,8882,066,0481,842,240
2009-12-18$0.88$0.7836.2%10.4%26.6%0.4%37.9%9.4%9.2%3.8M-76.1M-219.4K0.3916.48N/AN/A348,288134,4642,079,7441,881,024
2009-12-21$0.90$0.7835.6%10.2%27.3%0.0%37.3%9.0%4.3%1.3M-52.5M-214.2K0.3412.66N/AN/A335,296113,2801,220,6081,079,552
2009-12-22$0.91$0.8032.8%9.4%25.7%0.0%35.0%8.9%6.2%1.8M-63.5M-229.3K0.2313.94N/AN/A142,40033,3441,373,5681,132,672
2009-12-23$0.92$0.8131.0%8.9%25.7%0.0%32.9%8.4%6.5%2.1M-72.8M-228.1K0.5211.24N/AN/A153,28080,1281,436,4161,144,384
2009-12-24$0.94$0.8130.6%8.8%26.2%0.0%33.1%8.8%6.6%2.2M-84.3M-231.7K0.7910.44N/AN/A99,77678,9761,514,1761,190,144
2009-12-28$0.95$0.8330.9%8.9%22.9%0.6%35.0%8.5%6.2%2.1M-87.6M-225.9K0.2312.95N/AN/A394,88092,1601,523,6481,237,824
2009-12-29$0.94$0.8331.9%9.1%23.4%2.2%32.4%8.0%5.8%2.7M-87.4M-235.8K1.0810.36N/AN/A61,63266,4321,653,5681,282,432
2009-12-30$0.94$0.8332.3%9.3%22.7%2.9%32.7%8.5%5.4%2.6M-89.4M-239.9K0.6512.07N/AN/A113,28074,1121,661,1201,332,160
2009-12-31$0.93$0.8434.2%9.8%23.9%5.9%34.3%7.4%5.3%2.7M-80.3M-249.0K1.199.73N/AN/A87,552104,4481,724,8641,383,936