QLD Options History — June 2011

In June 2011, QLD traded between $1.23 and $1.39. ATM implied volatility averaged 35.5%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 1.8% (HV 20d: 33.8%). Max pain ranged from $1.25 to $1.39. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.71.

Notable Days

  • 2011-06-17: Highest Volume — 429,568 contracts
  • 2011-06-24: Largest IV spike — 33.9% change
  • 2011-06-16: Highest IV Rank — 40.0%
  • 2011-06-16: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.30$1.23$1.39$1.38$1.38
Max Pain$1.31$1.25$1.39$1.39$1.25
ATM IV35.5%27.1%41.8%32.9%27.1%
Expected Move10.2%7.8%12.0%9.4%7.8%
HV 20d33.8%31.1%39.2%31.1%37.4%
HV 60d28.3%26.2%30.4%28.8%30.4%
IV Rank23.6%2.6%40.0%15.7%2.6%
IV Percentile45.8%2.8%77.8%31.3%2.8%
Term Structure3.1%-1.6%8.1%0.8%5.4%
VWIV35.5%27.6%43.7%31.9%27.6%
Skew 25d9.5%7.6%12.9%8.1%8.9%
Skew 10d17.8%-3.7%28.1%14.9%18.5%
Call IV 25d31.3%22.8%37.0%28.8%22.8%
Put IV 25d40.8%31.7%49.7%36.9%31.7%
Bid-Ask Spread %37.5719.1872.9555.0619.57
Gamma HHI0.090.060.280.090.08
Net GEX767.1K-2.0M4.7M2.2M4.7M
Net DEX8.7M-97.4M73.5M-17.4M-97.4M
Net VEX-249.9K-294.5K-205.6K-294.5K-270.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.181.910.740.71
Total Volume227,636.36460,288429,56894,016248,320
Total OI2,366,434.9091,804,2243,001,7922,258,4322,452,224

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-06-01$1.38$1.3932.9%9.4%31.1%15.7%31.9%8.1%0.8%2.2M-17.4M-294.5K0.7455.06N/AN/A53,95240,0641,277,632980,800
2011-06-02$1.39$1.3931.8%9.1%31.2%13.1%31.2%7.6%1.2%2.3M-19.7M-293.6K0.5340.25N/AN/A43,84023,4241,284,800994,176
2011-06-03$1.35$1.3333.3%9.8%32.6%16.4%32.1%9.1%8.1%1.1M10.1M-268.5K0.9571.26N/AN/A129,600123,2641,296,2561,002,944
2011-06-06$1.32$1.3337.6%10.3%32.6%26.4%34.7%7.8%5.0%180.5K25.5M-264.2K0.8025.18N/AN/A192,000153,4081,323,7121,068,864
2011-06-07$1.32$1.3334.6%10.0%32.4%21.6%33.2%8.5%3.4%-131.8K22.8M-252.5K1.9140.16N/AN/A112,576214,5281,333,6961,013,760
2011-06-08$1.30$1.3335.3%10.3%31.5%23.4%34.2%8.1%3.6%-1.6M52.0M-245.9K1.9030.74N/AN/A129,536246,3361,357,7601,179,456
2011-06-09$1.30$1.3335.2%10.1%31.5%23.2%33.9%9.5%3.9%-870.1K38.3M-246.0K0.2619.18N/AN/A48,64012,8001,393,7921,101,376
2011-06-10$1.27$1.3336.4%10.4%31.9%26.3%35.6%9.4%5.1%-1.2M59.7M-211.1K1.2025.62N/AN/A127,872153,9841,391,8081,099,648
2011-06-13$1.26$1.3337.7%10.8%31.5%29.6%36.6%9.8%3.7%-1.1M64.5M-208.5K0.3131.24N/AN/A195,84060,3521,434,3041,148,480
2011-06-14$1.30$1.3333.9%9.7%31.5%19.9%31.9%8.9%4.1%-964.7K37.5M-220.5K0.3348.83N/AN/A176,44857,4721,549,3761,153,472
2011-06-15$1.25$1.3338.0%10.9%33.2%30.5%39.9%8.7%4.8%37.5K59.8M-211.4K0.3834.70N/AN/A188,92871,8081,643,5201,175,424
2011-06-16$1.24$1.3141.8%12.0%32.1%40.0%43.7%12.7%3.8%482.8K66.3M-205.6K1.3634.71N/AN/A176,448240,4481,640,0001,191,296
2011-06-17$1.23$1.3340.3%11.5%31.7%36.1%39.1%10.3%4.9%-2.0M73.5M-216.6K1.1235.24N/AN/A202,560227,0081,707,0721,294,720
2011-06-20$1.24$1.2839.1%11.2%32.2%33.0%39.3%12.9%-0.2%105.8K14.1M-232.6K0.2724.51N/AN/A120,00032,448975,040829,184
2011-06-21$1.30$1.2835.0%10.0%35.3%22.7%34.5%11.0%0.3%1.0M-10.9M-255.5K0.4168.04N/AN/A99,26440,2561,038,272849,280
2011-06-22$1.28$1.2836.3%10.4%35.3%26.0%33.2%8.7%-1.6%1.0M-7.9M-255.4K0.3447.74N/AN/A44,86415,4241,080,768866,304
2011-06-23$1.30$1.2830.1%8.6%36.0%10.1%38.2%7.9%3.6%1.3M-13.8M-250.5K0.1836.81N/AN/A231,68041,8561,102,016871,232
2011-06-24$1.26$1.2540.3%11.5%37.3%36.2%40.9%10.4%-0.2%1.6M-9.6M-273.3K0.4021.91N/AN/A59,58423,5521,278,016884,544
2011-06-27$1.30$1.2538.0%10.9%39.2%30.4%40.1%11.3%0.6%2.3M-32.2M-274.1K0.6072.95N/AN/A59,00835,5201,311,104887,808
2011-06-28$1.34$1.2535.8%10.3%39.0%24.8%37.9%10.9%3.4%2.7M-52.8M-273.7K0.3623.03N/AN/A207,48874,3041,334,848910,592
2011-06-29$1.35$1.2530.8%8.8%36.2%12.0%31.0%9.3%4.0%3.7M-70.2M-272.6K0.5319.87N/AN/A176,76894,5281,443,840908,352
2011-06-30$1.38$1.2527.1%7.8%37.4%2.6%27.6%8.9%5.4%4.7M-97.4M-270.5K0.7119.57N/AN/A145,024103,2961,512,128940,096