QLD Options History — September 2015

In September 2015, QLD traded between $3.89 and $4.50. ATM implied volatility averaged 49.3%, placing in the 50.8% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded below realized volatility by 8.8% (HV 20d: 58.1%). Max pain ranged from $4.31 to $4.38. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.83.

Notable Days

  • 2015-09-16: Highest Volume — 74,752 contracts
  • 2015-09-28: Largest IV spike — 34.4% change
  • 2015-09-01: Highest IV Rank — 81.8%
  • 2015-09-01: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.24$3.89$4.50$4.03$4.07
Max Pain$4.36$4.31$4.38$4.38$4.38
ATM IV49.3%36.9%66.2%66.2%52.5%
Expected Move14.0%10.6%19.0%19.0%15.1%
HV 20d58.1%44.5%65.5%59.2%45.6%
HV 60d43.7%41.1%46.4%41.1%46.4%
IV Rank50.8%28.1%81.8%81.8%56.6%
IV Percentile93.1%82.1%99.6%99.6%93.7%
Term Structure-1.9%-12.3%4.2%-4.2%-3.8%
VWIV46.4%39.2%62.2%62.2%45.9%
Skew 25d15.4%9.9%20.5%16.8%12.2%
Skew 10d29.9%22.0%38.4%37.2%24.4%
Call IV 25d40.9%32.8%57.8%57.8%44.8%
Put IV 25d56.3%43.7%74.6%74.6%57.0%
Bid-Ask Spread %59.9143.4079.8770.6569.03
Gamma HHI0.060.040.330.040.04
Net GEX471.6K-125.5K1.6M271.3K-117.7K
Net DEX-12.4M-30.3M6.1M-4.6M735.0K
Net VEX-140.7K-168.4K-107.9K-161.5K-110.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.461.130.700.76
Total Volume60,656.7624,89674,75269,95259,360
Total OI362,227.048298,096403,872367,456336,288

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-09-01$4.03$4.3866.2%19.0%59.2%81.8%62.2%16.8%-4.2%271.3K-4.6M-161.5K0.7070.65N/AN/A41,05628,896221,200146,256
2015-09-02$4.22$4.3854.6%15.6%61.8%60.3%54.2%14.3%-3.9%392.1K-10.9M-167.7K0.7169.26N/AN/A37,88826,960224,016147,184
2015-09-03$4.21$4.3454.6%15.2%61.3%60.3%49.5%20.0%-4.6%434.2K-12.5M-168.4K0.6743.40N/AN/A37,79225,376226,592148,304
2015-09-04$4.12$4.3456.8%15.4%61.5%64.4%49.0%19.0%-2.6%303.3K-6.2M-159.3K0.7349.55N/AN/A36,32026,336227,232148,832
2015-09-08$4.33$4.3452.9%13.4%63.8%57.4%48.8%16.3%0.9%533.1K-17.4M-156.5K0.5847.64N/AN/A5,9203,440228,992148,480
2015-09-09$4.22$4.3451.9%14.9%63.9%55.5%47.8%20.5%-2.4%443.2K-14.1M-153.1K0.7950.03N/AN/A36,38428,896228,912150,112
2015-09-10$4.31$4.3448.8%14.0%64.6%49.7%46.8%16.6%-2.2%578.8K-16.6M-159.9K0.8347.96N/AN/A36,96030,704233,536154,752
2015-09-11$4.36$4.3445.1%12.9%64.8%43.1%44.9%16.9%-0.0%656.5K-18.2M-157.0K0.9552.18N/AN/A32,08030,464233,872154,976
2015-09-14$4.33$4.3446.5%13.3%64.7%45.6%45.9%19.0%0.4%634.4K-17.8M-148.7K0.9049.78N/AN/A32,99229,648233,776155,152
2015-09-15$4.44$4.3442.8%12.3%65.2%39.0%43.6%14.2%0.3%1.0M-25.2M-146.7K0.4652.54N/AN/A3,3441,552235,568154,304
2015-09-16$4.50$4.3840.8%11.7%65.5%35.3%42.1%13.8%-0.5%1.1M-27.4M-142.4K1.0650.62N/AN/A36,36838,384235,472156,112
2015-09-17$4.50$4.3836.9%10.6%65.4%28.1%39.8%10.8%4.2%999.7K-30.3M-136.6K0.7579.87N/AN/A39,82429,808238,256165,296
2015-09-18$4.38$4.3842.5%12.2%63.3%38.4%44.3%17.1%-0.0%1.6M-14.5M-131.4K0.8355.75N/AN/A39,87233,184237,984165,888
2015-09-21$4.39$4.3841.0%11.8%54.9%35.6%39.3%14.2%0.8%376.2K-16.4M-125.5K0.7561.54N/AN/A34,97626,304172,624125,472
2015-09-22$4.20$4.3845.7%13.1%52.6%44.2%43.4%17.2%2.3%266.8K-10.0M-126.3K0.6558.69N/AN/A37,69624,432182,480128,800
2015-09-23$4.28$4.3142.8%12.3%52.7%39.0%40.4%12.2%0.9%386.3K-14.5M-129.9K1.1361.93N/AN/A31,72835,792188,048131,824
2015-09-24$4.25$4.3846.7%13.4%47.1%46.0%45.3%11.8%-3.4%89.4K-7.6M-128.0K1.0765.01N/AN/A33,84036,192188,832143,472
2015-09-25$4.17$4.3844.5%12.8%44.5%42.0%39.2%9.9%1.5%64.3K-6.5M-126.2K1.0173.97N/AN/A35,92036,320190,976144,128
2015-09-28$3.95$4.3859.8%17.1%48.3%69.8%49.7%13.7%-12.3%-64.6K2.6M-112.3K0.9876.82N/AN/A35,66434,800193,664144,272
2015-09-29$3.89$4.3861.9%17.7%48.2%73.7%52.5%17.1%-12.2%-125.5K6.1M-107.9K1.1271.82N/AN/A28,46431,856191,088143,744
2015-09-30$4.07$4.3852.5%15.1%45.6%56.6%45.9%12.2%-3.8%-117.7K735.0K-110.2K0.7669.03N/AN/A33,68025,680191,104145,184