QLD Options History — July 2015

In July 2015, QLD traded between $4.49 and $5.17. ATM implied volatility averaged 30.0%, placing in the 28.4% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 0.5% (HV 20d: 29.5%). Max pain ranged from $4.63 to $4.88. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.93.

Notable Days

  • 2015-07-17: Highest Volume — 90,000 contracts
  • 2015-07-08: Largest IV spike — 19.1% change
  • 2015-07-09: Highest IV Rank — 61.5%
  • 2015-07-09: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.85$4.49$5.17$4.64$4.97
Max Pain$4.78$4.63$4.88$4.69$4.88
ATM IV30.0%23.6%42.8%33.3%23.6%
Expected Move8.3%6.8%10.4%9.6%6.8%
HV 20d29.5%25.3%33.7%26.5%29.3%
HV 60d27.0%25.9%28.1%26.3%25.9%
IV Rank28.4%10.7%61.5%42.7%10.7%
IV Percentile53.2%12.7%96.8%80.2%12.7%
Term Structure1.0%-2.6%3.2%-0.8%3.2%
VWIV30.1%25.1%38.2%36.4%25.1%
Skew 25d9.1%5.3%16.1%11.3%6.3%
Skew 10d17.4%11.0%25.6%19.7%13.1%
Call IV 25d24.7%20.6%29.5%28.1%20.6%
Put IV 25d33.8%26.9%44.6%39.4%26.9%
Bid-Ask Spread %55.6636.2078.0836.3678.08
Gamma HHI0.080.050.170.070.05
Net GEX1.0M18.8K3.0M667.3K919.5K
Net DEX-40.3M-89.2M-12.3M-27.3M-39.6M
Net VEX-169.2K-202.3K-137.8K-202.3K-163.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.571.571.570.66
Total Volume64,735.27350,24090,00072,24060,480
Total OI376,210.182269,040466,640406,208310,512

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-07-01$4.64$4.6933.3%9.6%26.5%42.7%36.4%11.3%-0.8%667.3K-27.3M-202.3K1.5736.36N/AN/A28,16044,080220,064186,144
2015-07-02$4.66$4.6934.0%9.8%26.0%44.4%36.5%10.7%-2.6%542.2K-27.8M-202.3K1.5336.20N/AN/A26,12839,968221,744200,208
2015-07-06$4.62$4.8836.4%9.3%26.2%50.1%31.9%11.7%0.8%416.5K-21.7M-193.6K1.0654.02N/AN/A30,08031,824224,816202,416
2015-07-07$4.63$4.8835.2%9.2%25.3%42.2%33.3%9.5%0.4%625.0K-25.7M-191.4K1.1653.67N/AN/A32,41637,568231,232203,280
2015-07-08$4.49$4.6942.0%10.2%27.6%59.4%37.0%14.5%3.2%18.8K-12.3M-189.7K0.8952.48N/AN/A44,96039,856231,632207,696
2015-07-09$4.50$4.6942.8%10.4%25.4%61.5%38.2%16.1%1.0%137.3K-14.2M-188.4K1.2549.68N/AN/A28,64035,824238,656213,280
2015-07-10$4.63$4.6935.0%9.2%27.9%40.8%35.4%9.6%1.0%780.9K-27.0M-186.2K1.2547.87N/AN/A27,58434,592239,136216,016
2015-07-13$4.78$4.6329.3%8.4%29.8%25.7%30.0%8.0%-0.7%2.1M-48.3M-166.8K1.2348.90N/AN/A30,16037,120240,272216,464
2015-07-14$4.84$4.6923.9%7.9%29.8%11.3%28.8%7.4%0.3%2.8M-59.4M-160.4K1.0750.36N/AN/A29,63231,824242,720221,184
2015-07-15$4.84$4.6928.2%8.1%29.7%22.7%30.0%10.4%1.1%2.8M-59.8M-160.8K1.1449.65N/AN/A30,04834,144242,832220,992
2015-07-16$4.98$4.6325.0%7.2%31.1%14.3%26.4%6.0%2.8%3.0M-77.4M-146.7K0.6067.83N/AN/A53,79232,272242,544222,688
2015-07-17$5.13$4.6324.9%7.2%31.5%14.2%25.2%6.8%1.1%769.1K-89.2M-137.8K0.7161.72N/AN/A52,65637,344242,272224,368
2015-07-20$5.17$4.8124.7%7.1%31.4%13.5%27.4%7.8%1.8%838.1K-49.9M-145.0K0.5758.93N/AN/A33,80819,200156,144112,896
2015-07-21$5.17$4.8825.6%7.3%31.3%16.0%27.3%8.1%1.3%846.8K-49.3M-144.6K0.6056.95N/AN/A31,32818,912157,808114,384
2015-07-22$5.04$4.8824.8%7.1%32.7%13.8%25.1%7.1%2.4%833.2K-42.1M-156.7K0.7254.94N/AN/A33,84024,400159,168118,016
2015-07-23$5.00$4.8826.4%7.6%32.7%18.1%28.4%9.3%2.2%750.4K-40.6M-161.6K0.7051.33N/AN/A32,36822,512162,688127,360
2015-07-24$4.91$4.8828.5%8.2%33.3%23.5%28.8%10.2%-0.7%656.3K-36.3M-167.0K0.7054.14N/AN/A33,32823,440164,320128,848
2015-07-27$4.82$4.8832.2%9.2%33.7%33.5%31.1%10.9%-0.6%524.5K-29.3M-169.2K0.8052.67N/AN/A32,65626,176165,008131,184
2015-07-28$4.90$4.8830.8%8.8%29.2%29.8%27.3%5.3%-0.0%639.4K-32.7M-166.4K0.7763.86N/AN/A34,27226,256167,088134,736
2015-07-29$4.96$4.8827.7%7.9%29.2%21.5%26.4%7.1%2.6%799.9K-37.4M-162.3K0.7276.17N/AN/A35,00825,216171,056136,048
2015-07-30$5.00$4.8825.0%7.2%29.2%14.4%26.0%6.6%2.8%871.7K-39.7M-160.8K0.7068.76N/AN/A35,40824,896171,056135,648
2015-07-31$4.97$4.8823.6%6.8%29.3%10.7%25.1%6.3%3.2%919.5K-39.6M-163.0K0.6678.08N/AN/A36,44824,032172,432138,080