QLD Options History — April 2010

In April 2010, QLD traded between $1.02 and $1.12. ATM implied volatility averaged 29.4%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 12.0% (HV 20d: 17.3%). Max pain ranged from $0.94 to $1.08. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.83.

Notable Days

  • 2010-04-16: Highest Volume — 960,320 contracts
  • 2010-04-30: Largest IV spike — 21.6% change
  • 2010-04-30: Highest IV Rank — 31.9%
  • 2010-04-30: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.08$1.02$1.12$1.02$1.07
Max Pain$1.04$0.94$1.08$0.94$1.08
ATM IV29.4%23.8%36.1%30.2%36.1%
Expected Move8.8%7.9%10.4%8.7%10.4%
HV 20d17.3%13.6%29.4%16.1%29.4%
HV 60d28.6%24.0%31.6%31.5%26.3%
IV Rank11.2%0.0%31.9%5.9%31.9%
IV Percentile7.4%0.0%27.8%4.8%27.8%
Term Structure3.4%-0.8%5.2%3.9%1.5%
VWIV31.4%28.4%36.4%30.3%36.4%
Skew 25d7.2%6.2%8.6%6.7%8.1%
Skew 10d15.1%12.6%17.8%14.9%16.0%
Call IV 25d27.6%25.3%32.9%27.5%32.9%
Put IV 25d34.9%31.9%41.2%34.1%40.9%
Bid-Ask Spread %16.219.5133.069.5113.14
Gamma HHI0.120.070.540.120.07
Net GEX2.4M434.1K5.4M2.5M618.0K
Net DEX-74.1M-149.8M-18.1M-69.1M-18.1M
Net VEX-269.2K-346.4K-211.4K-263.9K-346.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.381.360.971.04
Total Volume336,591.238117,632960,320248,000228,352
Total OI2,979,891.811,935,4883,945,4083,035,9683,026,048

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-04-01$1.02$0.9430.2%8.7%16.1%5.9%30.3%6.7%3.9%2.5M-69.1M-263.9K0.979.51N/AN/A125,696122,3041,544,6401,491,328
2010-04-05$1.04$1.0229.5%9.3%14.2%4.3%32.9%7.9%3.1%2.9M-83.2M-248.0K0.7916.10N/AN/A149,632118,5921,564,0321,551,104
2010-04-06$1.05$1.0227.7%9.0%14.2%0.3%30.6%7.4%4.0%3.6M-91.9M-245.3K0.8716.31N/AN/A156,032135,2321,630,0161,562,688
2010-04-07$1.04$1.0226.9%8.9%14.1%0.0%31.7%7.3%4.0%3.4M-86.9M-246.7K0.7315.99N/AN/A113,21683,0721,640,1281,612,288
2010-04-08$1.04$1.0225.8%8.7%13.6%0.0%31.4%7.1%4.3%3.6M-91.5M-238.0K0.8416.16N/AN/A128,000107,0081,640,1281,612,288
2010-04-09$1.06$1.0223.8%8.4%13.9%0.0%30.6%7.1%4.7%4.0M-105.2M-229.0K0.6415.00N/AN/A205,824131,1361,677,9521,644,800
2010-04-12$1.06$1.0227.9%8.5%13.9%9.0%30.8%7.2%4.3%4.3M-109.8M-221.7K0.9713.13N/AN/A111,424107,5841,724,2881,676,480
2010-04-13$1.07$1.0227.8%8.4%13.8%8.8%29.0%6.9%4.7%3.9M-116.7M-219.8K0.6816.29N/AN/A243,264165,6961,736,0641,738,112
2010-04-14$1.10$1.0225.5%8.1%15.3%3.9%29.6%6.7%5.2%3.4M-140.0M-211.4K0.6114.46N/AN/A320,768195,5841,770,6881,803,904
2010-04-15$1.11$1.0229.2%8.4%15.3%12.2%29.9%7.5%4.7%2.8M-149.8M-227.9K0.5813.01N/AN/A457,536265,5361,851,7121,873,472
2010-04-16$1.08$1.0331.8%9.1%18.4%17.9%32.2%7.4%3.9%5.4M-120.0M-252.2K0.8215.36N/AN/A528,576431,7441,950,2081,995,200
2010-04-19$1.08$1.0330.6%8.8%17.7%15.4%33.0%6.9%2.8%1.3M-36.7M-259.4K1.3616.10N/AN/A154,496209,408970,752964,736
2010-04-20$1.09$1.0528.5%8.2%17.1%10.6%28.4%7.0%3.1%1.3M-41.4M-276.0K0.3817.04N/AN/A158,20860,0961,040,0641,136,576
2010-04-21$1.10$1.0528.7%8.2%16.9%11.0%29.9%6.9%3.0%1.6M-47.8M-282.7K1.0214.10N/AN/A137,728140,9281,101,8241,165,504
2010-04-22$1.11$1.0628.2%8.1%16.3%10.0%30.4%6.6%3.9%1.5M-52.7M-291.5K0.9315.66N/AN/A233,920217,0241,149,5041,239,616
2010-04-23$1.12$1.0627.6%7.9%16.0%8.8%28.4%6.2%3.7%1.3M-54.5M-302.6K0.7220.05N/AN/A106,30476,1601,162,8161,367,232
2010-04-26$1.12$1.0830.4%8.7%16.4%15.2%31.2%6.6%2.5%1.2M-50.5M-304.5K0.8416.11N/AN/A63,80853,8241,181,8241,407,680
2010-04-27$1.07$1.0836.0%10.3%23.2%28.0%36.2%8.6%-0.8%434.1K-23.2M-320.1K1.2533.06N/AN/A131,712164,9921,207,6801,432,704
2010-04-28$1.07$1.0834.8%10.0%23.2%26.8%36.2%8.4%1.4%496.1K-20.0M-332.3K0.7618.18N/AN/A152,320115,1361,276,9281,528,128
2010-04-29$1.11$1.0829.7%8.5%25.3%14.8%31.2%7.4%3.3%1.3M-46.5M-334.3K0.5515.59N/AN/A168,06492,4801,340,5441,586,048
2010-04-30$1.07$1.0836.1%10.4%29.4%31.9%36.4%8.1%1.5%618.0K-18.1M-346.4K1.0413.14N/AN/A111,808116,5441,411,1361,614,912