QLD Options History — May 2019

In May 2019, QLD traded between $10.44 and $12.65. ATM implied volatility averaged 40.7%, placing in the 36.1% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 6.9% (HV 20d: 33.8%). Max pain ranged from $11.75 to $12.25. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.73.

Notable Days

  • 2019-05-07: Highest Volume — 29,424 contracts
  • 2019-05-13: Largest IV spike — 55.1% change
  • 2019-05-13: Highest IV Rank — 81.2%
  • 2019-05-13: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.51$10.44$12.65$12.45$10.44
Max Pain$11.99$11.75$12.25$11.75$11.75
ATM IV40.7%26.8%63.8%28.6%44.1%
Expected Move10.8%7.7%12.8%8.2%12.6%
HV 20d33.8%13.4%43.3%13.4%43.3%
HV 60d28.2%22.3%32.4%22.3%32.4%
IV Rank36.1%9.1%81.2%12.6%42.7%
IV Percentile64.2%7.5%96.4%23.8%72.2%
Term Structure-0.4%-2.6%2.2%-0.4%-1.3%
VWIV38.4%28.9%44.5%29.8%44.5%
Skew 25d11.3%3.9%13.7%3.9%9.8%
Skew 10d20.3%12.4%26.1%12.4%17.6%
Call IV 25d32.6%24.2%39.2%28.2%39.2%
Put IV 25d43.9%30.6%51.1%32.0%49.0%
Bid-Ask Spread %35.1013.8769.5669.5629.77
Gamma HHI0.080.050.330.090.05
Net GEX-124.1K-835.6K442.6K314.9K-193.3K
Net DEX-3.9M-22.1M9.9M-19.1M9.9M
Net VEX-138.3K-147.1K-121.5K-123.1K-139.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.281.330.830.63
Total Volume10,214.5452,94429,4245,4328,624
Total OI94,135.63682,056107,70482,056100,168

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$12.45$11.7528.6%8.2%13.4%12.6%29.8%3.9%-0.4%314.9K-19.1M-123.1K0.8369.56N/AN/A2,9682,46432,88849,168
2019-05-02$12.24$11.7530.5%8.8%15.1%16.3%31.2%8.6%1.0%282.6K-15.2M-125.9K0.9052.22N/AN/A4,0883,67233,99249,752
2019-05-03$12.65$11.7526.8%7.7%18.5%9.1%28.9%6.3%2.2%442.6K-22.1M-121.5K0.8252.47N/AN/A4,0083,29634,35250,488
2019-05-06$12.49$12.2533.0%9.4%19.1%21.1%34.2%13.2%1.0%428.3K-19.9M-127.3K0.6923.94N/AN/A1,7441,20036,04850,648
2019-05-07$11.90$12.2550.1%12.1%26.2%54.4%42.2%12.7%-2.3%111.6K-9.0M-136.2K0.3424.94N/AN/A21,9207,50437,00051,584
2019-05-08$12.02$12.2546.4%11.1%26.2%47.3%41.0%13.3%-0.6%2.8K-11.1M-147.1K0.4613.87N/AN/A13,9286,40838,81657,000
2019-05-09$11.82$12.2549.3%11.2%26.7%52.9%44.3%13.7%-2.0%-103.0K-7.3M-142.7K0.8019.57N/AN/A7,4565,96839,36057,352
2019-05-10$11.81$12.2541.1%10.0%26.6%37.0%38.8%12.2%0.4%-239.6K-6.3M-146.8K0.5333.84N/AN/A5,2402,77640,52058,864
2019-05-13$11.00$12.2563.8%12.8%36.4%81.2%42.4%13.1%-2.6%-292.5K8.6M-136.0K0.6233.44N/AN/A6,6404,13640,47258,864
2019-05-14$11.27$12.2551.8%11.5%37.8%57.7%39.4%12.6%-1.4%-342.2K3.1M-140.5K0.6533.18N/AN/A10,7046,90441,45659,776
2019-05-15$11.59$12.2536.3%10.4%39.2%27.6%37.3%13.0%-0.8%-492.7K-3.7M-139.2K0.2823.65N/AN/A7,7122,19242,05660,520
2019-05-16$11.79$12.1335.1%10.1%39.6%25.2%37.1%12.2%0.3%-264.9K-10.7M-137.7K0.4623.94N/AN/A8,6644,02444,99261,096
2019-05-17$11.58$12.2535.6%10.2%40.0%26.3%35.5%12.2%0.6%-835.6K-4.6M-134.3K1.3332.18N/AN/A7,92010,52046,20061,504
2019-05-20$11.20$11.8840.5%11.6%41.4%35.8%40.5%12.6%-1.4%-210.3K896.9K-143.8K1.1124.23N/AN/A2,8803,18430,58454,224
2019-05-21$11.40$11.8837.9%10.9%41.0%30.6%37.0%11.5%-0.2%-217.8K-1.8M-144.9K0.9330.64N/AN/A3,6323,39231,86455,712
2019-05-22$11.35$11.8836.8%10.5%40.9%28.5%37.6%10.6%0.4%-183.0K-1.5M-146.6K0.7436.80N/AN/A3,4642,55233,47256,464
2019-05-23$10.91$11.8841.6%11.9%42.5%38.0%40.5%12.9%-0.7%-180.2K3.4M-142.4K0.5938.47N/AN/A4,5442,67234,66456,520
2019-05-24$10.94$11.7538.7%11.1%42.6%32.3%38.0%11.5%0.7%-182.6K3.6M-142.7K0.6733.46N/AN/A4,4242,97635,31257,216
2019-05-28$10.87$11.7541.6%11.9%42.3%37.9%39.3%10.7%0.4%-181.2K4.4M-140.1K1.0751.45N/AN/A1,4961,60036,28057,832
2019-05-29$10.69$11.7543.0%12.3%42.3%40.6%43.3%10.3%-1.2%-216.8K7.4M-140.6K0.7347.80N/AN/A4,3123,12837,25659,248
2019-05-30$10.77$11.7541.8%12.0%42.6%38.4%42.4%11.1%0.2%-176.8K5.7M-143.7K0.7842.85N/AN/A4,3843,40039,46459,936
2019-05-31$10.44$11.7544.1%12.6%43.3%42.7%44.5%9.8%-1.3%-193.3K9.9M-139.3K0.6329.77N/AN/A5,2883,33639,96860,200