QLD Options History — December 2010

In December 2010, QLD traded between $1.21 and $1.29. ATM implied volatility averaged 33.7%, placing in the 18.8% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 5.5% (HV 20d: 28.3%). Max pain ranged from $1.08 to $1.17. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.78.

Notable Days

  • 2010-12-17: Highest Volume — 462,272 contracts
  • 2010-12-13: Largest IV spike — 16.1% change
  • 2010-12-01: Highest IV Rank — 30.8%
  • 2010-12-01: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.26$1.21$1.29$1.21$1.27
Max Pain$1.12$1.08$1.17$1.16$1.17
ATM IV33.7%29.5%40.1%40.1%33.8%
Expected Move9.7%8.5%11.5%11.5%9.7%
HV 20d28.3%10.1%36.3%35.7%10.1%
HV 60d27.7%24.6%29.1%29.1%24.6%
IV Rank18.8%10.8%30.8%30.8%18.8%
IV Percentile26.9%8.3%57.5%57.5%28.2%
Term Structure4.4%0.5%8.4%0.7%2.4%
VWIV35.2%30.6%40.1%40.1%35.8%
Skew 25d7.2%5.5%9.1%8.4%7.8%
Skew 10d14.5%10.1%19.4%19.4%15.1%
Call IV 25d30.8%26.6%36.6%36.6%30.3%
Put IV 25d38.0%33.9%45.1%45.1%38.1%
Bid-Ask Spread %65.8914.0577.1465.9414.05
Gamma HHI0.120.080.180.120.11
Net GEX2.7M835.1K4.6M2.3M2.2M
Net DEX-82.7M-124.3M-58.8M-62.9M-62.1M
Net VEX-196.0K-256.8K-159.8K-256.8K-194.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.111.790.370.78
Total Volume130,923.63630,848462,272220,35241,280
Total OI2,672,930.9092,113,4723,115,9042,760,8322,472,128

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-12-01$1.21$1.1640.1%11.5%35.7%30.8%40.1%8.4%0.7%2.3M-62.9M-256.8K0.3765.94N/AN/A160,76859,5841,254,0161,506,816
2010-12-02$1.23$1.1737.7%10.8%36.3%26.3%38.6%8.4%0.5%2.7M-79.5M-240.3K0.5467.91N/AN/A88,51247,6801,273,8561,527,936
2010-12-03$1.24$1.1733.7%9.7%35.4%18.7%35.5%5.9%4.0%3.1M-84.0M-236.9K1.3375.55N/AN/A35,00846,4641,283,0721,543,424
2010-12-06$1.24$1.0835.6%10.4%35.4%22.3%38.9%7.8%6.0%3.1M-83.8M-222.6K0.6559.97N/AN/A66,88043,3281,288,9601,564,544
2010-12-07$1.24$1.0838.8%10.6%35.4%28.4%36.6%7.0%5.7%3.3M-85.9M-221.2K0.5161.03N/AN/A121,53661,8881,307,0721,561,536
2010-12-08$1.25$1.0834.2%10.3%35.1%19.7%36.8%7.2%3.9%3.6M-94.6M-206.6K0.3567.16N/AN/A71,80825,2801,324,9921,577,536
2010-12-09$1.25$1.0833.3%10.3%35.1%17.9%36.9%7.2%5.9%3.8M-97.5M-206.4K1.4864.40N/AN/A51,64876,4161,346,9441,576,960
2010-12-10$1.27$1.0831.3%9.9%35.4%14.2%36.2%7.5%4.8%3.5M-108.9M-191.9K0.8060.43N/AN/A69,24855,2321,346,5601,620,224
2010-12-13$1.26$1.0936.3%9.9%32.9%23.7%35.9%5.5%7.0%4.2M-106.8M-179.2K0.7857.90N/AN/A91,07271,2321,354,0481,611,264
2010-12-14$1.26$1.0935.9%9.8%32.7%22.9%36.0%6.7%5.9%4.2M-108.8M-177.2K0.5559.21N/AN/A76,86442,5601,362,9441,636,352
2010-12-15$1.25$1.0934.9%10.0%29.9%20.9%36.6%6.9%5.7%4.6M-100.8M-181.1K0.3758.49N/AN/A96,96036,2881,375,8721,657,920
2010-12-16$1.27$1.0933.5%9.6%30.0%18.4%35.4%7.3%5.8%4.3M-118.0M-167.0K0.3675.60N/AN/A154,68855,3601,394,1761,671,616
2010-12-17$1.28$1.1131.1%8.9%28.4%13.7%31.3%6.5%8.4%835.1K-124.3M-159.8K0.1173.65N/AN/A416,57645,6961,410,6881,705,216
2010-12-20$1.28$1.1130.4%8.7%28.4%12.6%31.0%6.3%4.2%1.6M-58.8M-172.3K0.6667.23N/AN/A67,26444,160865,8561,247,616
2010-12-21$1.29$1.1329.6%8.5%28.1%11.0%31.0%7.5%4.8%1.7M-63.8M-175.4K1.5171.14N/AN/A47,61671,808897,8561,273,792
2010-12-22$1.29$1.1329.5%8.5%24.8%10.8%30.6%6.7%4.6%1.7M-63.9M-180.6K0.5277.14N/AN/A25,98413,632920,1921,307,520
2010-12-23$1.29$1.1430.9%8.9%21.7%13.6%32.8%7.5%3.4%1.8M-60.1M-180.7K0.7375.82N/AN/A88,96064,960919,2961,313,088
2010-12-27$1.29$1.1635.6%10.2%20.8%22.2%35.3%9.1%2.0%1.8M-64.0M-192.8K1.7973.85N/AN/A23,29641,728994,1761,348,032
2010-12-28$1.28$1.1733.1%9.5%20.9%17.7%35.2%7.9%3.0%1.8M-62.5M-194.1K1.1876.96N/AN/A14,14416,704998,4001,375,936
2010-12-29$1.29$1.1731.7%9.1%17.7%14.9%33.3%7.1%4.0%2.0M-65.3M-188.1K1.2373.56N/AN/A13,95217,1521,001,5361,385,152
2010-12-30$1.28$1.1731.6%9.0%11.8%14.7%33.6%6.6%3.1%2.0M-62.8M-186.0K0.5872.53N/AN/A75,45643,6481,007,1681,392,192
2010-12-31$1.27$1.1733.8%9.7%10.1%18.8%35.8%7.8%2.4%2.2M-62.1M-194.7K0.7814.05N/AN/A23,16818,1121,063,8081,408,320