QLD Options History — June 2020

In June 2020, QLD traded between $16.59 and $18.80. ATM implied volatility averaged 53.3%, placing in the 23.4% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 9.6% (HV 20d: 43.7%). Max pain ranged from $14.38 to $15.63. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.00.

Notable Days

  • 2020-06-23: Highest Volume — 18,416 contracts
  • 2020-06-11: Largest IV spike — 25.7% change
  • 2020-06-11: Highest IV Rank — 31.5%
  • 2020-06-11: Largest Expected Move — 18.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.60$16.59$18.80$16.59$18.39
Max Pain$14.49$14.38$15.63$15.00$14.38
ATM IV53.3%43.0%64.2%46.3%52.4%
Expected Move15.3%13.0%18.4%13.3%15.0%
HV 20d43.7%36.2%51.3%36.4%51.3%
HV 60d73.3%56.1%96.8%96.8%56.1%
IV Rank23.4%15.7%31.5%18.2%22.7%
IV Percentile74.4%67.1%82.9%71.0%70.6%
Term Structure0.5%-5.8%5.9%5.9%1.2%
VWIV55.5%47.9%67.0%48.5%52.0%
Skew 25d16.2%6.7%24.9%6.7%11.6%
Skew 10d32.8%11.1%41.5%40.5%32.4%
Call IV 25d46.7%35.4%56.8%49.1%44.5%
Put IV 25d62.8%46.4%77.3%55.8%56.0%
Bid-Ask Spread %66.7049.8584.0473.1379.34
Gamma HHI0.110.090.160.100.12
Net GEX536.2K111.5K771.8K604.6K566.2K
Net DEX-65.0M-89.1M-42.4M-49.2M-66.8M
Net VEX-253.0K-278.5K-228.4K-267.1K-228.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.193.150.280.25
Total Volume6,409.8181,49618,4161,4963,464
Total OI145,272.364127,224164,016133,808139,168

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$16.59$15.0046.3%13.3%36.4%18.2%48.5%6.7%5.9%604.6K-49.2M-267.1K0.2873.13N/AN/A1,16832864,36869,440
2020-06-02$16.65$15.0047.5%13.6%36.2%19.1%48.2%13.6%0.7%702.6K-52.0M-259.4K1.1776.53N/AN/A3,5764,19265,19269,672
2020-06-03$17.02$15.6345.4%13.0%36.2%17.5%48.0%11.1%1.0%645.2K-59.3M-260.1K0.5381.23N/AN/A3,1281,64867,40073,256
2020-06-04$16.62$14.3844.6%13.0%37.8%16.9%59.4%19.8%5.8%605.2K-50.6M-276.2K1.1052.57N/AN/A8,5529,37668,61674,064
2020-06-05$17.32$14.3843.0%13.1%39.5%15.7%50.5%13.5%1.0%631.9K-65.5M-267.4K0.5170.18N/AN/A2,5521,29669,08074,480
2020-06-08$17.58$14.3845.2%13.1%38.9%17.4%47.9%14.9%0.7%717.2K-74.1M-247.3K0.3153.71N/AN/A2,04064069,92875,120
2020-06-09$17.96$14.3850.7%13.8%38.8%21.5%52.3%14.8%0.8%691.1K-81.7M-247.3K0.4158.77N/AN/A4,6401,88870,40076,208
2020-06-10$18.44$14.3851.1%14.6%36.2%21.7%51.4%12.9%-0.8%639.0K-89.0M-240.8K0.1984.04N/AN/A4,28880871,03277,112
2020-06-11$16.75$14.3864.2%18.4%48.1%31.5%65.0%19.1%-5.8%572.0K-51.6M-275.1K3.1562.37N/AN/A3,81612,02471,84877,304
2020-06-12$16.68$14.3862.0%17.8%47.8%29.9%67.0%24.9%-2.6%205.0K-42.4M-278.5K1.3359.55N/AN/A2,9683,94472,36084,600
2020-06-15$17.06$14.3859.5%17.1%48.0%28.0%58.2%18.7%-2.9%111.5K-54.5M-268.7K1.5749.85N/AN/A1,1841,86472,69687,192
2020-06-16$17.64$14.3858.5%16.8%46.0%27.3%57.9%19.3%-3.3%221.3K-71.1M-254.7K0.4367.74N/AN/A5,3522,32073,18487,192
2020-06-17$17.89$14.3856.3%16.1%46.1%25.6%62.5%20.4%0.4%270.5K-82.5M-256.0K1.9958.60N/AN/A1,6403,25676,79287,224
2020-06-18$17.93$14.3854.6%15.7%45.5%24.4%56.4%16.7%3.0%767.3K-86.2M-250.4K1.2753.35N/AN/A1,5281,94477,96884,952
2020-06-19$18.02$14.3854.2%15.5%44.7%24.1%54.1%16.1%2.5%771.8K-89.1M-241.8K1.0069.95N/AN/A3,6723,67277,90485,344
2020-06-22$18.37$14.3854.2%15.5%44.9%24.1%53.1%16.1%1.1%514.9K-65.6M-234.3K0.5659.37N/AN/A3,1121,75259,38467,840
2020-06-23$18.80$14.3851.7%14.8%45.1%22.2%55.7%15.3%2.0%617.5K-72.6M-229.8K1.0370.05N/AN/A9,0889,32860,70469,208
2020-06-24$18.09$14.3857.6%16.5%48.0%26.6%58.8%17.1%0.3%667.5K-63.1M-240.6K2.8370.47N/AN/A2,3206,57663,40069,784
2020-06-25$18.20$14.3855.6%15.9%48.0%25.1%54.5%16.6%0.2%502.0K-61.0M-252.0K0.3072.56N/AN/A1,21636063,60874,000
2020-06-26$17.62$14.3860.4%17.3%49.6%28.7%61.3%18.7%-0.8%402.0K-50.7M-249.6K1.0870.85N/AN/A1,3521,45663,85674,176
2020-06-29$17.66$14.3858.4%16.7%49.5%27.2%58.6%17.5%-0.2%369.9K-52.2M-239.4K0.6273.15N/AN/A1,04064863,67275,264
2020-06-30$18.39$14.3852.4%15.0%51.3%22.7%52.0%11.6%1.2%566.2K-66.8M-228.4K0.2579.34N/AN/A2,76869663,82475,344