QLD Options History — October 2014

In October 2014, QLD traded between $3.38 and $4.12. ATM implied volatility averaged 37.5%, placing in the 64.9% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded below realized volatility by 2.0% (HV 20d: 39.5%). Max pain ranged from $3.28 to $3.94. Net GEX was positive for 18 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.98.

Notable Days

  • 2014-10-31: Highest Volume — 191,136 contracts
  • 2014-10-09: Largest IV spike — 25.8% change
  • 2014-10-09: Highest IV Rank — 100.0%
  • 2014-10-16: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.76$3.38$4.12$3.80$4.12
Max Pain$3.72$3.28$3.94$3.94$3.41
ATM IV37.5%26.4%57.3%36.5%26.4%
Expected Move10.0%9.1%11.8%9.7%9.3%
HV 20d39.5%27.7%47.5%27.7%45.5%
HV 60d28.3%22.9%32.0%23.1%31.6%
IV Rank64.9%26.1%100.0%87.2%26.1%
IV Percentile89.2%56.3%100.0%96.8%56.3%
Term Structure-0.6%-5.9%2.3%-0.8%1.6%
VWIV34.1%26.1%36.5%36.0%33.8%
Skew 25d10.3%4.3%18.9%10.7%4.3%
Skew 10d19.5%9.9%35.2%20.1%9.9%
Call IV 25d30.7%25.5%40.8%31.2%26.0%
Put IV 25d41.0%30.4%59.7%41.9%30.4%
Bid-Ask Spread %37.8623.1250.7129.7023.12
Gamma HHI0.090.050.170.170.06
Net GEX987.0K-314.4K2.1M1.0M2.1M
Net DEX-39.1M-86.3M-1.2M-37.2M-86.3M
Net VEX-218.2K-230.7K-203.6K-226.7K-224.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.221.690.220.92
Total Volume92,055.6527,904191,13628,864191,136
Total OI594,902.261477,984715,744568,768613,152

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-10-01$3.80$3.9436.5%9.7%27.7%87.2%36.0%10.7%-0.8%1.0M-37.2M-226.7K0.2229.70N/AN/A23,5845,280283,232285,536
2014-10-02$3.80$3.9434.4%9.8%27.7%78.4%0.0%9.7%-3.6%880.0K-36.0M-218.1K0.3326.46N/AN/A18,6886,176280,608288,864
2014-10-03$3.88$3.9430.5%9.6%28.4%62.3%0.0%9.5%1.1%1.6M-46.9M-219.3K0.2445.76N/AN/A19,4244,672291,136290,304
2014-10-06$3.86$3.9433.6%9.4%28.4%75.2%26.1%9.7%-0.2%1.7M-46.4M-222.4K0.8723.62N/AN/A4,2243,680304,352294,272
2014-10-07$3.75$3.9437.3%9.9%29.5%90.4%33.8%12.0%-0.6%1.2M-36.2M-218.5K0.4036.78N/AN/A17,7927,168306,144296,864
2014-10-08$3.91$3.9433.5%9.1%32.8%74.5%30.6%11.8%-0.5%1.9M-55.5M-214.1K1.2236.96N/AN/A64,83279,296325,120303,584
2014-10-09$3.77$3.9442.1%9.7%35.1%100.0%0.0%11.5%0.6%1.3M-37.5M-220.5K0.6634.82N/AN/A23,29615,360308,832304,928
2014-10-10$3.58$3.9443.4%10.4%39.0%100.0%35.0%11.7%-2.7%176.4K-17.7M-217.6K0.5535.91N/AN/A32,41617,760326,496314,848
2014-10-13$3.47$3.9451.9%11.0%39.8%100.0%34.4%11.1%1.2%-239.1K-7.5M-211.9K0.3737.49N/AN/A36,44813,504340,992315,968
2014-10-14$3.54$3.9457.3%10.7%40.1%100.0%35.8%10.9%-2.6%-122.1K-16.1M-214.0K0.9840.54N/AN/A77,28075,456370,528318,720
2014-10-15$3.44$3.9457.1%11.6%41.0%99.6%35.9%18.9%-5.9%-219.1K-7.7M-223.5K1.0144.54N/AN/A90,72091,328372,704325,696
2014-10-16$3.38$3.9446.7%11.8%40.3%74.8%36.5%14.9%-5.6%-181.1K-1.2M-208.9K1.4945.84N/AN/A22,36833,312361,056326,912
2014-10-17$3.47$3.9140.6%11.1%42.1%60.0%36.2%12.3%-2.2%-314.4K-8.6M-203.9K1.0743.87N/AN/A17,82419,008371,200344,544
2014-10-20$3.58$3.9139.3%10.7%43.9%56.9%35.7%9.6%1.6%642.0K-24.0M-207.9K1.0750.71N/AN/A77,60083,072239,840238,144
2014-10-21$3.75$3.2831.2%10.0%47.5%37.7%34.7%9.1%0.1%1.2M-40.3M-223.2K1.5142.53N/AN/A62,72094,912263,296242,432
2014-10-22$3.72$3.2835.3%10.3%46.7%47.4%34.7%10.8%-1.0%1.1M-42.5M-230.7K1.5730.17N/AN/A56,60888,896273,312259,712
2014-10-23$3.83$3.2833.3%9.4%45.8%42.7%33.8%9.8%0.4%1.3M-50.9M-229.1K1.5036.39N/AN/A60,92891,520278,208262,656
2014-10-24$3.89$3.4733.0%9.3%45.4%41.8%33.3%8.0%0.7%1.4M-54.7M-225.2K1.5939.17N/AN/A55,20088,000282,560265,952
2014-10-27$3.90$3.4731.8%9.8%45.4%39.1%34.6%7.9%-0.6%1.4M-51.1M-223.9K1.6941.45N/AN/A4,1927,104269,568267,552
2014-10-28$4.02$3.4728.8%9.2%46.6%31.9%33.4%7.2%2.3%1.6M-60.9M-203.6K0.4940.00N/AN/A13,9846,848267,360270,144
2014-10-29$3.99$3.4128.8%9.5%45.0%31.9%33.6%7.4%2.0%1.6M-65.0M-215.9K1.4450.61N/AN/A60,41686,912289,248273,984
2014-10-30$4.00$3.4129.8%9.1%45.0%34.3%33.3%7.2%0.7%1.7M-68.6M-215.5K1.2334.24N/AN/A74,65691,680296,704275,488
2014-10-31$4.12$3.4126.4%9.3%45.5%26.1%33.8%4.3%1.6%2.1M-86.3M-224.9K0.9223.12N/AN/A99,74491,392329,408283,744