QLD Options History — November 2010

In November 2010, QLD traded between $1.13 and $1.24. ATM implied volatility averaged 37.5%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 12.8% (HV 20d: 24.7%). Max pain ranged from $1.08 to $1.19. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.90.

Notable Days

  • 2010-11-04: Highest Volume — 385,408 contracts
  • 2010-11-23: Largest IV spike — 15.4% change
  • 2010-11-30: Highest IV Rank — 42.2%
  • 2010-11-30: Largest Expected Move — 13.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.19$1.13$1.24$1.17$1.16
Max Pain$1.15$1.08$1.19$1.08$1.17
ATM IV37.5%31.2%46.2%42.6%46.2%
Expected Move10.9%9.6%13.2%12.2%13.2%
HV 20d24.7%20.0%33.2%25.6%33.2%
HV 60d29.9%28.3%32.8%32.6%28.3%
IV Rank25.8%14.0%42.2%35.5%42.2%
IV Percentile42.4%14.7%78.2%68.3%78.2%
Term Structure1.0%-2.7%4.1%-0.5%-2.7%
VWIV38.5%33.5%46.2%40.1%46.2%
Skew 25d7.9%4.3%10.3%8.2%10.3%
Skew 10d16.0%7.6%21.6%16.9%20.5%
Call IV 25d34.6%30.1%41.3%38.4%41.3%
Put IV 25d42.5%38.1%51.6%46.6%51.6%
Bid-Ask Spread %54.8237.4266.7453.0861.72
Gamma HHI0.120.070.270.070.11
Net GEX2.1M1.2M3.0M1.2M1.6M
Net DEX-73.1M-112.9M-31.5M-69.1M-35.2M
Net VEX-239.6K-268.1K-204.0K-268.1K-255.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.201.730.241.70
Total Volume219,974.09553,760385,408266,240174,016
Total OI2,995,483.4292,190,0803,514,8162,823,8722,669,248

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-11-01$1.17$1.0842.6%12.2%25.6%35.5%40.1%8.2%-0.5%1.2M-69.1M-268.1K0.2453.08N/AN/A214,20852,0321,264,6401,559,232
2010-11-02$1.19$1.0842.2%12.1%21.6%34.7%42.9%7.2%-0.4%1.9M-86.4M-267.4K1.0037.42N/AN/A92,80092,6081,410,6881,564,288
2010-11-03$1.21$1.0837.5%10.7%20.0%25.9%37.9%7.7%-0.2%2.2M-93.0M-257.1K1.7356.02N/AN/A59,968103,5521,441,6001,601,408
2010-11-04$1.23$1.0834.6%9.9%20.7%20.4%37.3%6.6%2.2%2.3M-110.2M-253.1K0.6343.32N/AN/A236,800148,6081,446,9761,656,000
2010-11-05$1.24$1.1632.5%10.2%20.9%16.5%35.4%6.1%2.4%2.5M-112.9M-248.0K0.7745.47N/AN/A92,35271,3601,487,9361,685,184
2010-11-08$1.24$1.1731.8%10.1%20.9%15.1%36.5%5.9%1.8%2.8M-112.8M-228.3K1.0643.36N/AN/A64,25667,9041,478,4641,700,032
2010-11-09$1.22$1.1733.9%10.1%21.9%19.0%36.5%4.3%0.7%2.7M-103.6M-235.9K0.4849.38N/AN/A208,640100,5441,479,9361,723,136
2010-11-10$1.22$1.1731.2%10.3%21.8%14.0%36.0%8.4%-0.5%2.8M-105.7M-232.4K0.9159.78N/AN/A61,88856,1281,472,8961,742,912
2010-11-11$1.22$1.1735.3%10.1%21.6%21.7%35.5%7.7%3.7%2.9M-96.5M-242.8K1.4251.01N/AN/A60,16085,6321,499,6481,754,368
2010-11-12$1.18$1.1939.6%11.3%21.7%29.8%39.9%7.9%1.8%2.1M-67.5M-252.7K0.9754.54N/AN/A128,704124,2881,495,6161,750,976
2010-11-15$1.17$1.1738.5%11.0%21.8%27.7%39.2%6.8%4.1%2.3M-65.6M-242.7K0.6857.37N/AN/A93,69664,0641,539,9041,758,016
2010-11-16$1.13$1.1740.9%11.7%23.6%32.3%41.5%8.0%1.4%1.3M-31.5M-233.6K0.9557.20N/AN/A170,752162,6241,536,1921,773,632
2010-11-17$1.14$1.1639.9%11.4%23.1%30.5%41.2%9.6%2.6%1.7M-39.5M-228.6K0.8350.48N/AN/A172,416143,7441,573,9521,791,296
2010-11-18$1.18$1.1635.4%10.2%25.6%22.0%36.9%7.6%1.4%3.0M-77.6M-214.0K0.6360.50N/AN/A150,72095,6161,647,4241,846,080
2010-11-19$1.18$1.1434.2%9.8%25.2%19.7%33.5%8.4%2.9%3.0M-79.4M-206.4K0.2050.90N/AN/A296,51258,7521,666,5601,848,256
2010-11-22$1.20$1.1633.4%9.6%25.7%18.1%35.9%8.9%3.2%1.8M-52.0M-204.0K1.6264.59N/AN/A89,024143,808990,6561,199,424
2010-11-23$1.16$1.1638.5%11.0%28.3%27.8%38.0%7.6%-0.6%1.3M-34.2M-228.3K0.5862.81N/AN/A156,35291,3921,017,1521,295,552
2010-11-24$1.21$1.1635.8%10.3%31.4%22.7%37.1%9.8%0.8%2.0M-58.8M-240.8K1.0666.74N/AN/A76,35280,9601,116,8641,349,056
2010-11-26$1.19$1.1740.1%11.5%31.8%30.8%38.9%9.7%-0.9%1.8M-54.2M-247.4K0.7864.77N/AN/A30,14423,6161,133,1201,385,856
2010-11-29$1.19$1.1742.7%12.3%31.8%35.8%42.4%9.4%-1.4%1.8M-48.9M-243.9K0.6260.76N/AN/A137,53684,9281,150,6561,400,320
2010-11-30$1.16$1.1746.2%13.2%33.2%42.2%46.2%10.3%-2.7%1.6M-35.2M-255.3K1.7061.72N/AN/A64,384109,6321,229,5681,439,680