QLD Options History — August 2010

In August 2010, QLD traded between $0.81 and $0.95. ATM implied volatility averaged 43.9%, placing in the 37.9% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 7.1% (HV 20d: 36.8%). Max pain ranged from $0.86 to $0.86. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.68.

Notable Days

  • 2010-08-20: Highest Volume — 496,000 contracts
  • 2010-08-11: Largest IV spike — 20.9% change
  • 2010-08-26: Highest IV Rank — 50.7%
  • 2010-08-26: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.88$0.81$0.95$0.94$0.81
Max Pain$0.86$0.86$0.86$0.86$0.86
ATM IV43.9%35.3%50.6%38.6%47.3%
Expected Move12.8%10.3%14.5%11.1%13.5%
HV 20d36.8%32.7%42.5%41.0%34.6%
HV 60d47.1%41.3%53.9%53.9%41.3%
IV Rank37.9%21.8%50.7%27.9%44.3%
IV Percentile63.5%27.0%87.7%38.1%78.2%
Term Structure3.7%2.2%6.8%5.0%4.2%
VWIV44.6%38.6%49.1%42.4%46.3%
Skew 25d11.4%8.4%14.1%12.1%11.2%
Skew 10d22.7%16.3%28.2%23.3%17.9%
Call IV 25d39.3%33.0%43.9%33.6%42.3%
Put IV 25d50.7%42.0%56.8%45.7%53.4%
Bid-Ask Spread %26.3710.1558.7158.7128.94
Gamma HHI0.090.070.140.080.07
Net GEX1.1M142.2K2.5M1.5M299.6K
Net DEX-12.3M-54.5M14.4M-43.5M14.4M
Net VEX-203.8K-246.8K-171.9K-240.8K-175.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.211.411.240.63
Total Volume198,152.72771,808496,000210,816123,712
Total OI2,916,4162,064,8323,585,7282,899,9682,428,352

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-08-02$0.94$0.8638.6%11.1%41.0%27.9%42.4%12.1%5.0%1.5M-43.5M-240.8K1.2458.71N/AN/A94,144116,6721,393,4721,506,496
2010-08-03$0.93$0.8638.6%11.1%41.4%27.9%44.7%12.4%5.7%1.4M-37.5M-246.8K1.4157.36N/AN/A52,03273,2161,412,2881,551,552
2010-08-04$0.95$0.8636.7%10.5%36.7%24.4%39.0%8.4%4.3%1.6M-50.4M-234.0K0.7110.15N/AN/A58,11241,1521,433,6641,593,728
2010-08-05$0.95$0.8635.9%10.3%36.9%22.9%38.6%9.0%4.5%1.6M-47.9M-229.9K0.7813.61N/AN/A40,38431,4241,439,1041,608,128
2010-08-06$0.94$0.8635.3%11.9%36.6%21.8%41.4%11.3%2.8%1.7M-44.9M-231.2K0.6016.32N/AN/A128,64077,8241,428,3521,619,008
2010-08-09$0.95$0.8636.5%11.9%36.7%24.0%40.3%11.1%2.5%2.0M-54.5M-221.8K0.4813.66N/AN/A118,78457,6001,483,9041,614,656
2010-08-10$0.94$0.8638.8%12.3%36.7%28.4%43.0%13.7%2.3%2.1M-45.3M-232.9K0.8442.35N/AN/A64,51254,1441,534,7201,622,144
2010-08-11$0.89$0.8646.9%13.6%42.2%43.7%46.7%10.6%2.8%1.2M-11.7M-225.2K0.3828.78N/AN/A207,87279,5521,552,9601,638,016
2010-08-12$0.87$0.8648.4%13.9%42.5%46.4%46.1%12.2%3.1%900.5K-1.5M-211.2K0.7224.98N/AN/A121,15286,8481,577,9201,659,264
2010-08-13$0.86$0.8649.2%14.1%37.6%47.9%49.1%11.5%2.6%776.9K4.1M-206.6K0.2130.44N/AN/A199,29641,6001,607,4241,654,528
2010-08-16$0.86$0.8648.8%14.0%37.2%47.1%47.2%14.1%2.9%728.9K5.3M-189.1K0.8518.22N/AN/A156,864133,3121,601,0881,677,632
2010-08-17$0.89$0.8645.4%13.0%37.4%40.7%45.7%13.4%2.8%1.7M-10.7M-196.0K0.2921.10N/AN/A290,43283,5841,673,4721,746,560
2010-08-18$0.89$0.8642.2%12.1%36.1%34.8%43.5%13.1%5.9%2.5M-18.8M-196.6K0.6436.16N/AN/A94,84860,7361,743,6161,776,640
2010-08-19$0.87$0.8646.7%13.4%33.3%43.2%45.9%11.8%3.6%1.1M5.8M-184.9K0.5418.49N/AN/A159,42485,4401,748,8641,792,960
2010-08-20$0.87$0.8642.9%12.3%32.9%36.0%42.8%12.4%6.8%1.4M4.5M-182.8K0.9919.77N/AN/A248,640247,3601,785,4081,800,320
2010-08-23$0.85$0.8645.5%13.0%32.7%41.0%44.0%10.6%4.0%266.9K6.5M-177.8K0.6817.97N/AN/A102,72069,696917,1841,147,648
2010-08-24$0.82$0.8649.7%14.2%34.6%48.9%46.6%12.0%2.2%142.2K14.0M-171.9K0.4827.93N/AN/A157,56875,840958,3361,183,488
2010-08-25$0.83$0.8647.3%13.5%35.4%44.3%47.3%10.4%3.9%337.3K8.0M-185.0K0.9127.33N/AN/A80,64073,2801,013,6321,205,568
2010-08-26$0.81$0.8650.6%14.5%35.8%50.7%48.5%11.3%2.6%244.1K11.9M-181.3K0.9519.23N/AN/A51,77649,2801,049,7281,245,888
2010-08-27$0.84$0.8646.0%13.2%37.2%41.9%44.8%8.7%3.8%328.2K9.3M-182.2K0.4633.66N/AN/A104,96048,3841,064,6401,274,560
2010-08-30$0.82$0.8648.2%13.8%34.6%46.0%46.4%8.9%3.7%328.2K13.1M-178.9K0.2314.95N/AN/A94,46421,4401,109,1841,285,056
2010-08-31$0.81$0.8647.3%13.5%34.6%44.3%46.3%11.2%4.2%299.6K14.4M-175.7K0.6328.94N/AN/A75,96847,7441,136,6401,291,712