QLD Options History — March 2010

In March 2010, QLD traded between $0.91 and $1.03. ATM implied volatility averaged 30.8%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 9.7% (HV 20d: 21.1%). Max pain ranged from $0.84 to $0.94. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 0.73.

Notable Days

  • 2010-03-19: Highest Volume — 556,032 contracts
  • 2010-03-11: Largest IV spike — 15.0% change
  • 2010-03-15: Highest IV Rank — 14.3%
  • 2010-03-15: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.98$0.91$1.03$0.91$1.02
Max Pain$0.89$0.84$0.94$0.86$0.94
ATM IV30.8%27.6%34.8%32.2%29.9%
Expected Move9.0%8.0%10.0%9.2%8.6%
HV 20d21.1%15.1%32.7%32.7%15.9%
HV 60d32.8%31.5%33.6%33.3%31.5%
IV Rank5.9%0.0%14.3%6.0%5.1%
IV Percentile4.3%0.0%13.9%3.6%4.0%
Term Structure4.3%2.4%6.0%2.9%3.7%
VWIV32.6%29.5%36.7%32.7%30.0%
Skew 25d7.1%5.3%8.8%7.9%6.5%
Skew 10d15.1%10.8%18.3%18.3%13.0%
Call IV 25d28.6%26.1%31.6%28.7%26.5%
Put IV 25d35.7%32.0%39.5%36.6%33.0%
Bid-Ask Spread %14.1810.9718.0014.2910.97
Gamma HHI0.130.110.220.160.12
Net GEX2.7M1.5M3.7M2.2M2.5M
Net DEX-87.8M-144.7M-44.6M-44.6M-70.6M
Net VEX-250.0K-278.3K-223.0K-266.4K-259.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.451.080.641.03
Total Volume281,015.652118,464556,032444,352149,440
Total OI3,290,390.2612,407,5524,168,1282,928,1922,988,864

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-03-01$0.91$0.8632.2%9.2%32.7%6.0%32.7%7.9%2.9%2.2M-44.6M-266.4K0.6414.29N/AN/A270,592173,7601,512,0001,416,192
2010-03-02$0.91$0.8632.8%9.4%32.2%7.1%32.4%8.4%2.4%2.4M-50.8M-277.3K0.4914.89N/AN/A158,27277,1201,636,3521,492,992
2010-03-03$0.92$0.8630.5%8.7%31.8%3.6%32.4%7.5%3.9%2.7M-53.9M-277.0K0.9616.00N/AN/A97,21693,0561,681,9841,510,528
2010-03-04$0.92$0.8630.2%8.6%31.7%3.2%31.4%7.7%3.9%2.9M-59.3M-278.3K0.6812.28N/AN/A91,52062,5921,710,4641,523,456
2010-03-05$0.95$0.8427.6%9.2%22.9%0.0%35.3%8.8%5.2%3.3M-82.6M-268.6K1.0511.80N/AN/A211,008220,7361,740,8001,555,136
2010-03-08$0.95$0.8629.4%9.4%22.8%3.2%34.2%7.7%5.0%3.2M-89.6M-253.4K0.7116.33N/AN/A172,032121,5361,784,8321,616,320
2010-03-09$0.97$0.8629.1%9.5%21.5%2.5%35.0%7.8%4.8%3.2M-100.2M-245.6K0.6417.49N/AN/A273,216175,8081,813,8881,642,816
2010-03-10$0.98$0.8629.6%9.4%21.2%3.9%34.9%7.7%4.3%2.8M-110.9M-253.7K0.6915.38N/AN/A184,576127,7441,867,7121,731,648
2010-03-11$0.99$0.8834.0%9.8%20.6%12.7%35.5%8.0%4.4%3.1M-119.2M-248.8K0.7315.33N/AN/A119,87287,6801,933,4401,793,536
2010-03-12$0.99$0.8834.6%9.9%19.5%13.8%35.4%7.6%3.6%3.1M-120.3M-250.9K0.5217.23N/AN/A174,78490,5601,953,4081,839,168
2010-03-15$0.98$0.8834.8%10.0%19.9%14.3%36.7%7.9%3.5%3.7M-117.7M-239.0K0.5518.00N/AN/A114,49662,8482,000,6401,862,208
2010-03-16$0.99$0.8832.9%9.4%18.9%10.4%35.1%7.8%4.9%3.6M-128.7M-231.7K0.9315.12N/AN/A190,592177,0882,008,0641,875,648
2010-03-17$1.00$0.8931.4%9.0%18.9%7.5%32.7%6.8%5.6%3.7M-135.3M-224.7K0.9215.27N/AN/A214,080196,4802,051,0721,923,392
2010-03-18$1.01$0.8931.3%9.0%18.8%7.3%32.4%6.7%5.5%3.1M-144.7M-223.0K1.0813.15N/AN/A143,936155,9042,100,1601,996,288
2010-03-19$0.99$0.9130.6%8.8%19.7%6.1%31.4%6.6%6.0%3.0M-121.9M-225.6K0.4512.99N/AN/A384,768171,2642,084,4802,083,648
2010-03-22$1.01$0.9129.4%8.4%19.7%3.5%30.3%5.3%4.5%1.5M-61.9M-223.1K0.7314.03N/AN/A183,680134,5281,192,1281,215,424
2010-03-23$1.03$0.9128.0%8.0%15.6%0.9%30.2%5.9%5.0%1.8M-70.3M-228.2K0.8213.42N/AN/A114,11293,5041,265,9201,279,872
2010-03-24$1.02$0.9229.6%8.5%16.4%4.1%30.8%5.8%3.9%1.8M-64.5M-238.9K0.6713.44N/AN/A112,44875,3281,298,8161,309,632
2010-03-25$1.01$0.9230.3%8.7%16.9%5.3%30.6%6.5%3.4%1.7M-62.5M-256.3K0.4712.22N/AN/A207,93698,6241,353,4721,362,880
2010-03-26$1.02$0.9430.6%8.8%16.9%6.0%31.1%6.4%3.7%1.9M-63.4M-267.4K0.9412.33N/AN/A131,648123,7121,419,7761,411,776
2010-03-29$1.02$0.9430.4%8.7%15.1%5.6%30.1%6.5%3.7%2.1M-70.3M-259.3K0.5812.63N/AN/A78,97645,8241,457,6001,441,344
2010-03-30$1.03$0.9429.0%8.3%15.1%2.9%29.5%6.6%4.0%2.6M-76.5M-252.8K0.5711.47N/AN/A75,39243,0721,497,9201,441,280
2010-03-31$1.02$0.9429.9%8.6%15.9%5.1%30.0%6.5%3.7%2.5M-70.6M-259.4K1.0310.97N/AN/A73,47275,9681,526,3361,462,528