QLD Options History — May 2012

In May 2012, QLD traded between $1.50 and $1.82. ATM implied volatility averaged 39.6%, placing in the 18.8% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 4.3% (HV 20d: 35.3%). Max pain ranged from $1.56 to $1.78. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.55.

Notable Days

  • 2012-05-18: Highest Volume — 214,080 contracts
  • 2012-05-04: Largest IV spike — 16.9% change
  • 2012-05-18: Highest IV Rank — 30.0%
  • 2012-05-18: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.64$1.50$1.82$1.82$1.56
Max Pain$1.65$1.56$1.78$1.78$1.56
ATM IV39.6%29.4%48.4%30.1%43.6%
Expected Move11.3%8.4%13.9%8.6%12.5%
HV 20d35.3%30.7%39.8%35.8%34.4%
HV 60d30.0%27.1%32.3%27.1%32.0%
IV Rank18.8%5.7%30.0%6.5%23.9%
IV Percentile51.9%15.5%66.3%19.4%59.5%
Term Structure1.3%-3.3%5.2%2.3%1.4%
VWIV39.2%29.6%47.1%29.6%44.7%
Skew 25d10.5%7.1%12.7%7.1%11.3%
Skew 10d19.9%11.6%25.1%13.6%18.7%
Call IV 25d34.9%26.7%42.6%26.9%38.4%
Put IV 25d45.4%34.0%55.1%34.0%49.7%
Bid-Ask Spread %43.0621.8972.1860.3121.89
Gamma HHI0.110.050.160.160.12
Net GEX1.7M-686.0K6.5M6.3M1.2M
Net DEX-4.0M-66.4M35.9M-62.0M-7.3M
Net VEX-166.0K-246.7K-90.4K-245.1K-154.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.041.970.681.03
Total Volume83,022.54512,320214,08067,71217,920
Total OI1,352,395.636738,5281,810,1441,476,928958,848

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-05-01$1.82$1.7830.1%8.6%35.8%6.5%29.6%7.1%2.3%6.3M-62.0M-245.1K0.6860.31N/AN/A40,32027,392994,240482,688
2012-05-02$1.82$1.7829.4%8.4%35.9%5.7%30.3%7.5%2.4%6.5M-66.4M-246.7K0.3160.24N/AN/A64,32019,7761,013,760504,192
2012-05-03$1.79$1.7831.4%9.0%35.3%8.2%30.3%7.9%1.9%6.2M-45.2M-243.9K0.4056.38N/AN/A25,60010,3041,064,640510,912
2012-05-04$1.70$1.7236.7%10.5%39.0%15.0%34.0%10.5%0.1%2.5M-2.4M-193.1K0.1834.41N/AN/A173,50431,7441,074,240515,712
2012-05-07$1.70$1.7038.0%10.6%38.9%16.6%36.0%10.0%0.8%2.6M-2.6M-179.1K0.4830.47N/AN/A49,66423,9361,093,632515,776
2012-05-08$1.69$1.7038.1%10.7%37.3%16.9%38.7%10.2%2.1%2.0M3.2M-170.9K0.3131.34N/AN/A96,19229,6321,105,856530,496
2012-05-09$1.68$1.6739.6%11.0%37.0%18.7%41.4%10.6%-3.3%1.9M4.6M-169.4K0.7127.92N/AN/A58,49641,2801,125,760537,856
2012-05-10$1.67$1.6638.1%10.9%35.8%16.8%39.6%10.3%5.2%1.3M9.0M-161.7K0.6631.07N/AN/A24,44816,0641,144,960551,936
2012-05-11$1.67$1.6639.4%11.3%34.6%18.4%40.3%10.1%0.3%601.8K8.3M-90.4K0.7972.18N/AN/A68,06453,472577,792303,936
2012-05-14$1.64$1.6741.7%11.9%34.4%21.4%41.9%11.6%0.4%61.3K19.3M-152.4K0.4750.02N/AN/A36,80017,1201,197,920587,200
2012-05-15$1.63$1.6742.4%12.2%30.7%22.4%41.2%10.9%0.9%-226.1K22.1M-149.3K0.7547.73N/AN/A22,97617,2161,203,392590,400
2012-05-16$1.61$1.6742.6%12.2%30.9%22.6%46.3%11.0%0.4%-686.0K25.7M-141.7K1.9759.37N/AN/A25,18449,7281,206,336577,184
2012-05-17$1.54$1.6647.3%13.6%33.2%28.6%45.1%12.7%-0.6%-665.9K35.9M-131.5K0.5142.04N/AN/A66,11233,8881,213,408590,656
2012-05-18$1.50$1.6448.4%13.9%33.9%30.0%47.1%12.5%-0.3%-108.5K34.7M-125.1K1.1540.23N/AN/A99,712114,3681,254,976555,168
2012-05-21$1.58$1.5641.6%11.9%39.8%21.3%40.2%11.6%0.6%423.9K-5.4M-143.7K0.3129.54N/AN/A117,44036,928436,608301,920
2012-05-22$1.58$1.5641.5%11.9%39.7%21.2%39.1%11.5%1.4%851.6K-9.2M-157.1K0.0439.61N/AN/A154,3686,528517,824311,744
2012-05-23$1.59$1.5640.7%11.7%34.1%20.1%39.8%10.9%1.6%1.2M-11.3M-162.6K0.3324.42N/AN/A37,40812,416576,000315,648
2012-05-24$1.56$1.5641.4%11.9%33.5%21.1%41.0%11.2%2.2%1.1M-8.7M-159.9K0.4833.09N/AN/A20,2889,728591,584322,464
2012-05-25$1.56$1.5639.5%11.3%32.8%18.7%37.3%10.5%2.9%1.1M-7.0M-160.0K0.1468.82N/AN/A10,7841,536593,440329,472
2012-05-29$1.60$1.5638.2%10.9%34.7%16.9%37.9%10.9%3.0%1.5M-13.4M-157.9K0.2541.68N/AN/A24,1605,952600,608330,144
2012-05-30$1.57$1.5641.9%12.0%34.7%21.7%41.0%11.4%2.2%1.3M-9.2M-156.0K0.0944.46N/AN/A31,0082,720608,128333,248
2012-05-31$1.56$1.5643.6%12.5%34.4%23.9%44.7%11.3%1.4%1.2M-7.3M-154.1K1.0321.89N/AN/A8,8329,088625,024333,824