QLD Options History — February 2020

In February 2020, QLD traded between $13.57 and $18.80. ATM implied volatility averaged 42.0%, placing in the 42.9% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 5.7% (HV 20d: 36.3%). Max pain ranged from $15.63 to $17.50. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.12.

Notable Days

  • 2020-02-12: Highest Volume — 19,856 contracts
  • 2020-02-28: Largest IV spike — 28.0% change
  • 2020-02-27: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 26.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.21$13.57$18.80$16.57$13.57
Max Pain$16.37$15.63$17.50$15.63$16.38
ATM IV42.0%29.9%93.8%37.3%93.8%
Expected Move12.1%8.9%26.9%10.7%26.9%
HV 20d36.3%27.9%56.5%27.9%56.5%
HV 60d26.0%21.4%38.0%21.4%38.0%
IV Rank42.9%19.0%100.0%36.7%100.0%
IV Percentile69.4%38.5%100.0%76.2%100.0%
Term Structure-2.7%-19.0%1.9%-1.4%-19.0%
VWIV43.2%31.1%87.7%43.1%87.7%
Skew 25d14.9%9.6%35.0%13.5%35.0%
Skew 10d26.2%18.2%41.7%18.2%40.5%
Call IV 25d35.4%26.5%76.1%30.1%76.1%
Put IV 25d50.3%37.0%111.1%43.5%111.1%
Bid-Ask Spread %29.5917.6358.0458.0454.51
Gamma HHI0.100.050.200.070.07
Net GEX535.3K-216.9K1.4M765.5K-216.9K
Net DEX-50.4M-85.7M21.2M-41.0M21.2M
Net VEX-224.4K-282.7K-157.5K-214.5K-275.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.102.822.820.69
Total Volume9,309.8951,72819,8566,97614,976
Total OI129,035.789109,240155,952109,240129,608

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$16.57$15.6337.3%10.7%27.9%36.7%43.1%13.5%-1.4%765.5K-41.0M-214.5K2.8258.04N/AN/A1,8245,15251,73657,504
2020-02-04$17.36$15.6331.4%9.0%31.9%22.6%39.5%10.9%1.8%748.2K-57.3M-192.7K0.6652.02N/AN/A5,0083,32851,78460,424
2020-02-05$17.47$15.6331.0%8.9%31.9%21.6%31.1%9.6%1.9%668.3K-57.7M-187.9K0.1037.63N/AN/A10,2641,02451,23262,496
2020-02-06$17.71$16.2529.9%9.4%31.6%19.0%34.9%11.1%0.2%1.4M-69.5M-194.0K1.7819.81N/AN/A2,7444,87258,94463,008
2020-02-07$17.62$16.2531.8%9.7%31.8%23.5%34.5%11.8%0.2%1.3M-65.3M-201.2K0.7917.63N/AN/A96876059,62465,872
2020-02-10$17.95$16.2531.6%9.6%32.0%23.2%38.8%12.0%-1.0%1.3M-73.5M-187.9K0.3117.89N/AN/A5,7201,76859,39265,824
2020-02-11$18.05$16.2533.7%9.8%31.5%28.0%34.5%11.8%-1.1%806.6K-71.9M-178.4K0.5119.31N/AN/A3,1201,59256,46467,008
2020-02-12$18.36$16.2531.4%9.0%31.7%22.5%34.4%9.9%0.8%806.5K-80.4M-157.5K2.7622.18N/AN/A5,28014,57656,91267,856
2020-02-13$18.30$16.2532.1%9.2%31.6%24.3%35.0%9.9%0.4%396.8K-74.3M-215.2K1.4721.48N/AN/A2,1763,19257,88882,072
2020-02-14$18.37$16.2531.7%9.1%31.2%23.2%35.2%11.3%0.8%369.7K-75.2M-216.8K1.2022.77N/AN/A1,8562,22458,16082,696
2020-02-18$18.47$16.2533.4%9.6%31.2%27.3%33.9%11.3%-2.1%308.8K-77.7M-212.4K0.7719.56N/AN/A3,0482,33658,72884,160
2020-02-19$18.80$16.2532.2%9.2%31.5%24.5%32.5%10.8%-0.0%391.6K-85.7M-213.5K0.4620.50N/AN/A7,3443,37660,32886,112
2020-02-20$18.43$16.2535.4%10.2%32.8%32.2%37.7%12.3%-0.3%184.4K-79.2M-237.4K2.3131.24N/AN/A3,4407,93664,94487,704
2020-02-21$17.70$17.5040.4%11.6%36.4%44.0%42.0%15.5%-0.9%1.2M-58.8M-260.9K0.3819.65N/AN/A7,2962,76066,07289,880
2020-02-24$16.55$17.5050.5%14.5%43.4%68.2%53.8%19.9%-4.0%126.6K-17.7M-273.2K0.7825.36N/AN/A9,8487,64049,52065,792
2020-02-25$15.59$17.0058.5%16.8%46.5%87.2%49.5%21.1%-9.7%-67.9K-674.3K-281.3K1.4628.66N/AN/A5,9528,70452,40870,040
2020-02-26$15.67$16.6358.3%16.7%45.0%86.8%57.1%18.6%-8.3%-34.9K-4.7M-282.7K1.5426.74N/AN/A3,0804,74451,94470,448
2020-02-27$14.41$16.6373.3%21.0%53.4%100.0%65.4%27.2%-9.7%-208.5K11.2M-281.5K0.4547.24N/AN/A4,7842,17653,05674,040
2020-02-28$13.57$16.3893.8%26.9%56.5%100.0%87.7%35.0%-19.0%-216.9K21.2M-275.4K0.6954.51N/AN/A8,8406,13654,89674,712