QLD Options History — April 2019

In April 2019, QLD traded between $11.53 and $12.66. ATM implied volatility averaged 28.6%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 7.2% (HV 20d: 21.4%). Max pain ranged from $11.00 to $11.75. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 1.00.

Notable Days

  • 2019-04-02: Highest Volume — 14,304 contracts
  • 2019-04-05: Largest IV drop — 10.9% change
  • 2019-04-10: Highest IV Rank — 16.3%
  • 2019-04-09: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.10$11.53$12.66$11.53$12.44
Max Pain$11.42$11.00$11.75$11.25$11.75
ATM IV28.6%25.5%30.5%28.1%29.5%
Expected Move8.5%7.9%9.0%8.9%8.5%
HV 20d21.4%12.4%30.9%30.9%13.5%
HV 60d26.9%22.2%32.5%32.5%22.5%
IV Rank12.6%6.6%16.3%11.5%14.3%
IV Percentile23.0%4.0%40.5%14.7%32.9%
Term Structure1.6%-0.6%3.9%3.0%1.4%
VWIV32.0%28.9%34.2%32.5%29.8%
Skew 25d8.0%4.4%10.6%8.6%4.4%
Skew 10d16.0%11.2%19.6%13.8%15.1%
Call IV 25d26.1%24.0%28.8%24.2%28.8%
Put IV 25d34.1%31.1%37.5%32.8%33.1%
Bid-Ask Spread %34.9718.5858.8618.5848.19
Gamma HHI0.090.070.170.070.10
Net GEX588.9K201.4K930.3K809.6K297.9K
Net DEX-27.5M-39.8M-15.1M-24.3M-18.6M
Net VEX-112.5K-120.5K-104.6K-113.1K-120.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.332.310.800.55
Total Volume7,5521,80814,3043,4085,368
Total OI106,257.14367,784131,424108,28079,792

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$11.53$11.2528.1%8.9%30.9%11.5%32.5%8.6%3.0%809.6K-24.3M-113.1K0.8018.58N/AN/A1,8961,51243,42464,856
2019-04-02$11.63$11.2527.3%8.7%30.9%10.0%28.9%7.1%3.3%878.3K-26.0M-112.6K1.9920.38N/AN/A4,7929,51243,77664,568
2019-04-03$11.73$11.2528.4%9.0%29.9%12.2%34.0%9.4%0.5%655.5K-27.0M-118.6K0.7720.70N/AN/A6,2964,86445,08872,408
2019-04-04$11.71$11.1328.6%8.9%27.6%12.7%32.9%10.3%0.6%641.3K-26.8M-116.9K0.6419.93N/AN/A6,3284,04845,52073,568
2019-04-05$11.85$11.0025.5%8.5%27.3%6.6%33.7%9.2%1.6%708.8K-29.9M-114.6K0.7520.33N/AN/A6,0884,58446,00873,960
2019-04-08$11.91$11.0027.2%8.7%23.9%9.8%33.2%9.5%1.3%705.1K-30.7M-110.9K0.3323.27N/AN/A4,2561,40845,78473,856
2019-04-09$11.83$11.0029.3%9.0%24.2%13.9%34.2%9.8%1.0%775.1K-30.2M-113.1K0.8222.48N/AN/A2,6402,17647,42474,384
2019-04-10$11.95$11.2530.5%8.7%23.8%16.3%33.4%10.6%2.2%816.5K-32.8M-110.6K1.0827.65N/AN/A3,1683,40847,68074,672
2019-04-11$11.87$11.1330.1%8.6%23.8%15.4%32.5%9.4%1.8%849.1K-32.0M-113.2K1.6023.36N/AN/A3,2325,16848,58475,624
2019-04-12$11.99$11.5028.4%8.1%23.5%12.1%31.5%8.6%2.4%907.5K-35.4M-108.5K1.3327.32N/AN/A4,1765,54449,00876,792
2019-04-15$11.99$11.5029.2%8.4%23.6%13.7%31.1%8.4%2.0%930.3K-36.2M-111.1K0.7727.03N/AN/A4,4883,47249,96877,288
2019-04-16$12.05$11.5028.7%8.2%23.5%12.8%30.8%8.0%2.8%656.8K-36.3M-108.8K1.2637.14N/AN/A3,1523,96850,10479,600
2019-04-17$12.15$11.6328.3%8.1%23.2%12.1%31.7%7.5%3.8%737.3K-38.5M-104.6K0.9439.94N/AN/A3,4563,24850,79280,624
2019-04-18$12.17$11.6327.5%7.9%21.2%10.5%28.9%6.6%3.9%201.4K-39.8M-107.7K0.6937.28N/AN/A6,1524,26450,12081,304
2019-04-22$12.25$11.6328.4%8.1%12.4%12.1%29.4%7.8%1.0%250.1K-15.1M-107.6K0.4643.63N/AN/A3,2081,47225,37642,408
2019-04-23$12.53$11.6328.9%8.3%13.5%13.2%31.6%5.9%0.3%294.1K-18.6M-109.6K0.5158.86N/AN/A3,7601,90427,35243,920
2019-04-24$12.54$11.6330.5%8.7%13.4%16.2%33.7%6.9%-0.6%348.0K-19.2M-112.4K1.3051.81N/AN/A2,9363,80828,88844,656
2019-04-25$12.63$11.7529.9%8.6%13.1%15.2%34.0%7.0%0.4%294.8K-19.5M-115.8K2.3152.52N/AN/A2,2405,18429,53646,048
2019-04-26$12.58$11.7527.6%7.9%13.6%10.7%31.4%5.8%0.5%268.2K-19.1M-116.0K1.2258.04N/AN/A4,3365,27229,88847,304
2019-04-29$12.66$11.7529.3%8.4%13.4%13.9%32.6%7.1%0.1%342.1K-21.4M-116.4K0.7855.99N/AN/A1,01679231,64047,808
2019-04-30$12.44$11.7529.5%8.5%13.5%14.3%29.8%4.4%1.4%297.9K-18.6M-120.5K0.5548.19N/AN/A3,4561,91231,87247,920