QLD Options History — March 2017

In March 2017, QLD traded between $6.46 and $6.73. ATM implied volatility averaged 19.7%, placing in the 6.5% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 4.5% (HV 20d: 15.2%). Max pain ranged from $5.88 to $6.38. Net GEX was positive for 15 of 23 trading days. Term structure was in contango for 22 of 23 days. Put/call ratio averaged 2.15.

Notable Days

  • 2017-03-21: Highest Volume — 76,416 contracts
  • 2017-03-31: Largest IV drop — 28.9% change
  • 2017-03-27: Highest IV Rank — 18.7%
  • 2017-03-27: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.59$6.46$6.73$6.61$6.73
Max Pain$6.10$5.88$6.38$6.38$6.25
ATM IV19.7%14.4%23.5%20.9%14.4%
Expected Move5.8%4.1%6.7%6.0%4.1%
HV 20d15.2%12.8%18.0%12.8%14.8%
HV 60d15.5%13.9%17.0%16.6%13.9%
IV Rank6.5%0.0%18.7%8.7%0.0%
IV Percentile6.8%0.0%25.8%5.6%0.0%
Term Structure4.5%-0.0%9.6%-0.0%6.9%
VWIV23.4%19.2%31.4%23.2%24.0%
Skew 25d6.2%2.9%17.2%3.0%6.4%
Skew 10d11.2%3.8%17.6%6.1%8.2%
Call IV 25d18.2%15.7%21.7%19.9%15.7%
Put IV 25d24.4%19.8%38.9%22.9%22.0%
Bid-Ask Spread %79.6367.82100.0770.28100.05
Gamma HHI0.110.060.360.070.08
Net GEX257.4K-906.7K3.2M428.0K-229.9K
Net DEX-22.5M-37.4M-6.7M-30.5M-21.1M
Net VEX-87.3K-117.0K-62.9K-62.9K-102.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.150.654.721.532.27
Total Volume50,334.60930,19276,41640,57655,264
Total OI185,398.957127,728225,904153,152203,008

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-03-01$6.61$6.3820.9%6.0%12.8%8.7%23.2%3.0%-0.0%428.0K-30.5M-62.9K1.5370.28N/AN/A16,06424,51280,97672,176
2017-03-02$6.53$6.3820.6%5.9%13.9%7.6%20.1%4.0%2.7%310.8K-24.9M-78.2K2.1468.72N/AN/A14,94432,00081,68075,040
2017-03-03$6.54$6.3817.8%5.1%13.6%0.0%19.2%2.9%4.2%310.3K-24.5M-83.2K2.4971.50N/AN/A13,10432,65683,88884,224
2017-03-06$6.54$5.8817.8%6.0%13.7%0.1%22.9%4.8%3.5%354.3K-25.0M-80.5K2.4072.59N/AN/A14,25634,22484,43298,112
2017-03-07$6.49$5.8818.6%6.1%14.3%2.6%25.1%6.3%6.8%298.0K-20.6M-92.6K1.7270.51N/AN/A16,25628,00086,256107,728
2017-03-08$6.52$5.8819.2%6.0%14.3%4.6%24.9%5.7%7.5%323.7K-23.6M-91.4K1.6267.82N/AN/A17,23227,93686,576108,128
2017-03-09$6.54$5.8819.0%5.9%14.2%3.9%22.5%4.8%6.3%350.5K-23.6M-85.3K1.9770.43N/AN/A14,20828,01687,296108,976
2017-03-10$6.58$5.9417.7%5.8%14.2%0.0%22.1%5.2%6.6%491.3K-27.4M-82.4K1.5171.28N/AN/A13,87220,89687,664109,040
2017-03-13$6.61$5.9419.9%6.1%14.2%6.8%20.2%5.2%5.9%502.0K-30.6M-73.3K1.2773.51N/AN/A15,63219,82488,608109,520
2017-03-14$6.57$5.9422.8%6.0%14.2%16.2%23.1%6.7%7.7%637.7K-28.1M-79.6K1.0077.11N/AN/A20,81620,80090,224109,984
2017-03-15$6.67$5.9420.6%5.9%14.9%9.2%20.3%3.8%6.1%652.8K-37.0M-68.7K0.6576.93N/AN/A38,22424,88091,776112,160
2017-03-16$6.64$5.9418.4%5.3%14.5%2.2%23.7%5.1%9.6%3.2M-37.4M-73.5K1.5279.95N/AN/A17,98427,296111,952113,344
2017-03-17$6.64$5.9419.1%5.5%14.5%4.5%21.5%5.1%8.1%2.3M-36.6M-68.0K1.4172.05N/AN/A17,98425,440111,056114,848
2017-03-20$6.65$6.0018.0%5.2%14.4%0.9%20.3%4.8%2.8%283.8K-22.3M-66.0K1.8271.75N/AN/A10,72019,47256,54471,184
2017-03-21$6.46$6.0618.1%5.2%17.4%1.0%21.6%6.2%5.1%211.0K-18.2M-68.6K4.1385.87N/AN/A14,89661,52057,53674,976
2017-03-22$6.53$6.1920.9%6.0%17.9%10.3%24.3%7.6%3.1%-743.7K-8.4M-108.7K4.7278.61N/AN/A12,49659,02458,992116,592
2017-03-23$6.49$6.2521.7%6.2%17.7%12.7%27.9%7.5%2.6%-732.5K-6.7M-117.0K3.5380.50N/AN/A13,68048,28858,896119,840
2017-03-24$6.54$6.2522.4%6.4%17.9%15.2%31.4%17.2%2.1%-722.2K-10.1M-109.8K3.0394.37N/AN/A13,32840,38460,880120,416
2017-03-27$6.57$6.2523.5%6.7%17.9%18.7%23.7%9.9%0.5%-906.7K-10.1M-98.6K2.3999.55N/AN/A17,15240,92860,416120,928
2017-03-28$6.65$6.2521.1%6.0%18.0%10.7%23.3%6.0%0.4%-620.4K-15.4M-100.7K1.9789.23N/AN/A20,36840,20866,464124,704
2017-03-29$6.69$6.2519.4%5.6%15.6%5.4%26.4%8.1%2.9%-434.0K-17.7M-105.4K1.79100.07N/AN/A21,40838,27269,712127,456
2017-03-30$6.71$6.2520.3%5.8%14.8%8.3%25.1%5.3%2.3%-305.4K-18.0M-110.4K2.5988.78N/AN/A14,84838,38471,328128,640
2017-03-31$6.73$6.2514.4%4.1%14.8%0.0%24.0%6.4%6.9%-229.9K-21.1M-102.4K2.27100.05N/AN/A16,88038,38473,456129,552