QLD Options History — December 2015

In December 2015, QLD traded between $4.76 and $5.18. ATM implied volatility averaged 34.9%, placing in the 23.5% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded below realized volatility by 0.9% (HV 20d: 35.8%). Max pain ranged from $3.75 to $4.88. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.68.

Notable Days

  • 2015-12-14: Highest Volume — 74,416 contracts
  • 2015-12-03: Largest IV spike — 26.7% change
  • 2015-12-11: Highest IV Rank — 39.3%
  • 2015-12-11: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.98$4.76$5.18$5.18$4.92
Max Pain$4.09$3.75$4.88$4.88$4.34
ATM IV34.9%29.5%43.5%30.7%34.3%
Expected Move10.0%8.5%12.5%8.8%9.8%
HV 20d35.8%27.2%40.2%27.3%40.2%
HV 60d35.3%32.5%37.3%35.3%32.7%
IV Rank23.5%13.6%39.3%15.9%22.2%
IV Percentile66.6%39.7%90.1%50.4%67.5%
Term Structure2.1%-0.9%4.7%1.5%1.2%
VWIV35.3%30.2%42.7%30.2%35.3%
Skew 25d10.9%7.7%15.1%9.0%11.4%
Skew 10d20.7%12.5%29.7%15.2%12.5%
Call IV 25d29.1%25.3%37.1%25.7%28.6%
Put IV 25d40.0%34.2%52.2%34.7%40.0%
Bid-Ask Spread %65.3652.8579.4169.5879.41
Gamma HHI0.050.040.060.050.06
Net GEX627.0K87.1K1.0M640.4K862.8K
Net DEX-33.4M-43.0M-22.9M-41.2M-31.2M
Net VEX-95.5K-108.5K-83.5K-96.3K-86.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.491.141.040.59
Total Volume56,6322,54474,4162,54455,840
Total OI269,671.273239,136305,680261,472244,496

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-12-01$5.18$4.8830.7%8.8%27.3%15.9%30.2%9.0%1.5%640.4K-41.2M-96.3K1.0469.58N/AN/A1,2481,296141,328120,144
2015-12-02$5.12$4.8829.5%8.5%27.2%13.6%32.3%9.3%1.8%644.6K-39.6M-99.4K0.6468.60N/AN/A37,00823,776142,784120,976
2015-12-03$4.94$3.7537.3%10.0%29.6%28.1%33.5%13.3%3.6%388.3K-30.3M-101.7K0.6852.85N/AN/A36,94425,264145,872122,336
2015-12-04$5.17$3.7530.3%9.5%34.2%15.0%30.5%8.1%3.2%788.7K-43.0M-91.1K0.6265.79N/AN/A39,18424,448149,248125,040
2015-12-07$5.13$3.7533.8%9.1%34.4%21.6%31.5%12.2%4.7%810.6K-42.1M-105.2K1.1459.72N/AN/A3,3283,792156,208125,872
2015-12-08$5.14$3.7536.0%9.7%33.5%25.4%32.2%8.5%2.2%812.7K-42.4M-99.6K0.6663.24N/AN/A37,71224,720156,832127,120
2015-12-09$4.96$3.7536.9%10.6%35.9%27.1%36.7%13.2%4.2%499.5K-32.6M-108.3K0.6859.72N/AN/A36,35224,640157,216127,248
2015-12-10$5.00$3.7536.3%10.4%35.9%25.9%35.9%13.3%2.7%591.9K-35.3M-105.0K0.7156.15N/AN/A35,16824,944157,696129,088
2015-12-11$4.78$3.7543.5%12.5%38.2%39.3%42.7%15.1%-0.2%197.8K-24.5M-108.5K0.7657.45N/AN/A36,40027,584157,968129,520
2015-12-14$4.85$3.9142.7%12.3%36.0%37.9%42.1%10.6%-0.9%87.1K-24.8M-98.1K0.7256.36N/AN/A43,26431,152158,608131,648
2015-12-15$4.92$3.9138.8%11.1%35.2%30.6%41.8%14.6%2.7%418.7K-31.4M-103.9K0.6656.05N/AN/A43,76028,880162,400136,464
2015-12-16$5.07$3.9134.2%9.8%36.5%22.0%35.4%7.7%1.0%977.0K-39.2M-93.9K0.6770.14N/AN/A40,84827,280166,480136,768
2015-12-17$4.94$3.9135.5%10.2%35.2%24.5%38.3%13.1%3.9%519.7K-34.6M-96.9K0.7160.82N/AN/A39,02427,728168,416137,168
2015-12-18$4.76$4.0638.1%10.9%37.3%29.4%40.1%12.9%2.0%288.8K-22.9M-93.7K0.7660.83N/AN/A40,17630,528167,984137,696
2015-12-21$4.83$4.1338.7%11.1%37.5%30.5%36.3%9.9%0.1%427.0K-27.4M-89.3K0.5362.54N/AN/A35,31218,656138,544102,176
2015-12-22$4.88$4.2234.6%9.9%37.8%22.9%34.6%9.7%1.0%530.7K-28.2M-89.7K0.5072.86N/AN/A37,07218,512137,712104,352
2015-12-23$4.96$4.2831.5%9.0%38.4%17.2%31.7%8.2%3.6%708.8K-30.7M-88.3K0.4968.68N/AN/A37,10418,048135,104104,032
2015-12-24$4.96$4.3431.0%8.9%38.4%16.2%32.3%9.7%3.3%796.9K-30.9M-91.4K0.5072.21N/AN/A37,12018,400137,200104,224
2015-12-28$4.95$4.3133.1%9.5%38.4%20.0%34.8%8.8%1.2%767.1K-30.2M-84.8K0.5871.12N/AN/A36,40021,264137,504103,920
2015-12-29$5.11$4.3431.3%9.0%40.0%16.7%33.5%9.6%1.3%999.5K-37.3M-83.5K0.6077.85N/AN/A35,76021,472138,992104,448
2015-12-30$5.03$4.3429.9%8.6%39.7%14.1%34.4%11.4%3.1%1.0M-35.4M-85.5K0.6375.89N/AN/A35,93622,560140,672103,264
2015-12-31$4.92$4.3434.3%9.8%40.2%22.2%35.3%11.4%1.2%862.8K-31.2M-86.0K0.5979.41N/AN/A35,20020,640140,800103,696