QLD Options History — February 2019

In February 2019, QLD traded between $9.81 and $10.55. ATM implied volatility averaged 33.4%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded below realized volatility by 0.3% (HV 20d: 33.7%). Max pain ranged from $9.00 to $10.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 1.40.

Notable Days

  • 2019-02-14: Highest Volume — 11,912 contracts
  • 2019-02-12: Largest IV drop — 8.7% change
  • 2019-02-07: Highest IV Rank — 31.6%
  • 2019-02-07: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.22$9.81$10.55$9.81$10.46
Max Pain$9.55$9.00$10.00$9.13$10.00
ATM IV33.4%28.9%38.4%36.2%28.9%
Expected Move9.6%8.3%11.0%9.9%8.3%
HV 20d33.7%22.2%42.5%42.5%22.2%
HV 60d52.5%48.8%56.3%56.2%48.8%
IV Rank21.9%13.2%31.6%27.4%13.2%
IV Percentile40.3%21.4%55.2%48.8%21.4%
Term Structure0.6%-1.4%2.3%-0.2%1.5%
VWIV36.6%32.7%41.7%40.6%32.7%
Skew 25d9.8%6.5%11.5%6.5%9.3%
Skew 10d18.5%11.6%21.7%11.6%19.1%
Call IV 25d29.4%25.6%36.4%36.4%25.6%
Put IV 25d39.2%34.9%44.8%42.9%34.9%
Bid-Ask Spread %27.359.6347.9928.4247.99
Gamma HHI0.070.060.080.060.07
Net GEX321.8K127.1K500.9K127.1K470.4K
Net DEX-11.1M-18.2M-6.6M-6.6M-11.2M
Net VEX-118.7K-130.2K-109.3K-112.1K-130.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.400.352.970.680.94
Total Volume8,256.8423,89611,9129,4487,016
Total OI99,741.05383,752114,04891,400103,088

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$9.81$9.1336.2%9.9%42.5%27.4%40.6%6.5%-0.2%127.1K-6.6M-112.1K0.6828.42N/AN/A5,6323,81634,51256,888
2019-02-04$10.00$9.1334.8%10.3%35.3%24.7%40.5%10.2%0.6%184.0K-9.4M-111.2K0.359.63N/AN/A3,3761,19234,70457,584
2019-02-05$10.23$9.0033.4%10.0%34.9%22.0%40.4%10.0%0.5%277.7K-13.5M-109.3K0.8313.56N/AN/A4,9844,12036,55258,016
2019-02-06$10.16$9.2535.8%10.3%35.2%26.5%37.6%9.9%0.3%350.0K-12.7M-113.1K2.9713.46N/AN/A1,0723,18438,64859,896
2019-02-07$9.87$9.3838.4%11.0%37.3%31.6%40.8%11.5%-1.4%220.2K-7.3M-121.9K2.7110.49N/AN/A2,2646,13639,15262,208
2019-02-08$9.87$9.5036.7%10.5%37.3%28.3%39.4%11.1%-0.5%162.2K-6.6M-122.9K1.9310.42N/AN/A3,0645,92039,56864,096
2019-02-11$9.91$9.3836.8%10.6%37.1%28.6%41.7%10.5%-0.6%224.6K-7.9M-118.5K2.6914.85N/AN/A1,0562,84040,32064,664
2019-02-12$10.19$9.3833.6%9.6%37.1%22.3%35.7%9.6%1.0%338.1K-13.7M-113.7K0.6121.11N/AN/A6,9924,29640,12864,944
2019-02-13$10.23$9.3833.6%9.6%35.6%22.3%37.2%9.9%1.5%500.9K-15.3M-112.8K0.9626.79N/AN/A5,8725,65643,83266,592
2019-02-14$10.26$9.3834.1%9.8%35.5%23.3%37.1%10.3%1.1%399.0K-14.9M-116.8K0.8323.24N/AN/A6,5045,40843,80867,504
2019-02-15$10.31$9.3831.6%9.1%35.5%18.5%34.0%9.6%2.3%366.0K-18.2M-111.9K0.7327.37N/AN/A5,5204,03245,13668,912
2019-02-19$10.39$9.5032.0%9.2%35.1%19.2%33.9%9.7%0.7%229.0K-9.2M-109.9K0.5732.21N/AN/A4,3522,48831,78451,968
2019-02-20$10.34$9.7532.1%9.2%30.7%19.5%34.1%9.5%0.8%307.5K-9.8M-115.1K1.9533.28N/AN/A3,4886,81634,66452,856
2019-02-21$10.23$10.0032.9%9.4%31.2%20.9%34.1%9.5%0.1%259.3K-7.4M-124.8K1.8733.75N/AN/A3,7927,08836,03257,720
2019-02-22$10.38$10.0030.8%8.8%31.3%16.9%32.9%9.8%1.3%352.9K-10.0M-127.6K2.0538.77N/AN/A3,8007,78437,61659,760
2019-02-25$10.53$10.0031.2%8.9%30.6%17.6%33.2%9.3%0.6%452.6K-12.6M-125.0K1.3346.87N/AN/A2,3043,07238,14460,776
2019-02-26$10.55$10.0031.4%9.0%28.1%17.9%34.2%9.8%0.4%436.2K-12.5M-128.7K1.3144.29N/AN/A2,4643,21638,96061,936
2019-02-27$10.48$10.0030.5%8.7%27.2%16.2%35.2%10.1%1.6%456.0K-11.8M-129.5K1.2143.22N/AN/A2,8403,42439,91262,200
2019-02-28$10.46$10.0028.9%8.3%22.2%13.2%32.7%9.3%1.5%470.4K-11.2M-130.2K0.9447.99N/AN/A3,6163,40040,31262,776