QLD Options History — March 2020

In March 2020, QLD traded between $8.95 and $15.53. ATM implied volatility averaged 107.3%, placing in the 77.8% IV rank vs the trailing year. The 30-day expected move averaged 29.9%. IV traded below realized volatility by 2.3% (HV 20d: 109.6%). Max pain ranged from $13.13 to $16.25. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.88.

Notable Days

  • 2020-03-17: Highest Volume — 47,696 contracts
  • 2020-03-05: Largest IV spike — 43.7% change
  • 2020-03-06: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 44.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.73$8.95$15.53$15.13$11.23
Max Pain$14.14$13.13$16.25$16.25$13.13
ATM IV107.3%61.7%156.0%67.2%89.9%
Expected Move29.9%17.7%44.7%19.3%25.8%
HV 20d109.6%69.1%148.0%69.8%140.9%
HV 60d69.7%43.9%91.1%43.9%91.1%
IV Rank77.8%50.7%100.0%63.0%50.7%
IV Percentile98.3%92.9%100.0%99.2%92.9%
Term Structure-20.1%-48.3%-3.0%-3.1%-3.0%
VWIV98.6%62.1%143.9%71.6%97.2%
Skew 25d38.7%22.1%55.0%43.9%33.2%
Skew 10d63.9%21.5%91.4%52.5%84.1%
Call IV 25d83.2%46.1%118.1%47.2%78.3%
Put IV 25d121.9%75.4%167.6%91.1%111.4%
Bid-Ask Spread %54.3937.5475.7170.7561.42
Gamma HHI0.090.050.120.050.09
Net GEX-37.4K-173.2K203.9K-77.4K-17.2K
Net DEX25.5M-8.3M46.8M3.8M21.0M
Net VEX-244.3K-338.6K-140.3K-282.4K-227.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.093.300.620.18
Total Volume12,017.0913,45647,69613,2564,072
Total OI154,919.636131,824180,776133,992147,144

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$15.13$16.2567.2%19.3%69.8%63.0%71.6%43.9%-3.1%-77.4K3.8M-282.4K0.6270.75N/AN/A8,1685,08858,18475,808
2020-03-03$14.77$16.2577.3%22.1%69.1%77.0%69.6%26.8%-14.2%-145.7K8.0M-296.9K0.1264.75N/AN/A17,8642,15258,84079,120
2020-03-04$15.53$16.1361.7%17.7%69.5%55.3%62.1%29.3%-9.4%203.9K-8.3M-338.6K0.1458.39N/AN/A15,4482,11271,84079,960
2020-03-05$14.72$14.3888.7%20.4%71.4%92.9%67.6%28.6%-13.3%-83.0K5.6M-314.8K0.9046.28N/AN/A2,9522,64863,52880,368
2020-03-06$14.11$14.3894.6%22.4%71.8%100.0%73.1%35.8%-13.4%-128.8K18.2M-300.8K0.5260.73N/AN/A5,2962,77664,23280,816
2020-03-09$12.73$14.38118.6%29.0%78.7%100.0%85.6%37.9%-30.6%-173.2K29.9M-269.4K1.9245.19N/AN/A10,62420,44065,96881,272
2020-03-10$13.42$14.38103.6%26.1%81.7%84.5%89.8%33.3%-21.3%-118.5K25.1M-313.8K0.1245.38N/AN/A11,5601,39274,98486,968
2020-03-11$12.50$14.3896.0%27.5%83.7%76.6%80.7%31.8%-23.1%6.7K28.3M-299.6K0.5547.15N/AN/A8,1044,45681,48886,792
2020-03-12$10.54$14.38120.7%34.6%98.3%100.0%101.8%33.0%-36.7%-88.1K42.0M-229.7K3.3050.40N/AN/A3,51211,60086,52885,504
2020-03-13$11.32$14.38106.9%30.7%104.1%86.0%123.1%42.0%-30.2%-150.3K46.8M-265.7K2.4351.78N/AN/A4,27210,38487,92892,848
2020-03-16$9.86$14.38148.8%42.7%111.1%100.0%130.2%47.5%-48.3%-103.5K44.9M-226.3K1.2554.77N/AN/A5,4886,87289,95289,648
2020-03-17$10.33$13.75131.6%37.7%113.7%86.5%128.0%54.7%-37.7%-112.6K44.3M-226.6K0.7450.09N/AN/A27,47220,22490,94487,288
2020-03-18$9.01$13.75156.0%44.7%118.5%100.0%143.9%49.5%-39.0%-12.2K38.6M-179.2K0.6458.57N/AN/A4,9843,176100,40077,584
2020-03-19$10.23$13.75127.6%36.6%132.1%78.8%123.0%55.0%-27.9%60.9K35.5M-213.1K0.4250.61N/AN/A3,2001,352102,08877,632
2020-03-20$9.30$13.75113.3%32.5%134.2%68.2%92.9%35.8%-22.9%90.3K41.9M-163.6K0.7774.54N/AN/A3,8482,952103,08076,032
2020-03-23$8.95$13.75113.0%32.4%133.6%67.9%98.0%42.7%-11.9%-100.9K32.8M-140.3K0.3675.71N/AN/A3,7281,33669,64062,184
2020-03-24$10.37$13.13106.1%30.4%147.2%62.8%107.0%22.1%-9.0%-27.2K25.8M-189.0K0.4247.63N/AN/A3,0641,28071,98462,400
2020-03-25$10.66$13.13110.3%31.6%148.0%65.9%111.9%31.6%-6.2%24.3K19.8M-213.2K0.6048.91N/AN/A4,0162,39273,15262,776
2020-03-26$11.07$13.13108.8%31.2%147.2%64.8%106.4%47.9%-15.0%25.8K20.4M-224.9K0.6651.97N/AN/A2,6001,70474,09664,760
2020-03-27$10.88$13.13117.1%33.6%146.2%71.0%100.9%47.5%-13.5%30.0K18.9M-225.7K0.0943.95N/AN/A3,17628074,63265,368
2020-03-30$11.39$13.13103.1%29.6%140.9%60.6%105.9%41.0%-12.3%74.0K17.6M-233.9K2.5537.54N/AN/A1,7764,53676,77665,696
2020-03-31$11.23$13.1389.9%25.8%140.9%50.7%97.2%33.2%-3.0%-17.2K21.0M-227.9K0.1861.42N/AN/A3,45661677,38469,760