QLD Options History — July 2020

In July 2020, QLD traded between $19.07 and $21.45. ATM implied volatility averaged 54.9%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded above realized volatility by 12.8% (HV 20d: 42.1%). Max pain ranged from $14.38 to $20.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 1.12.

Notable Days

  • 2020-07-06: Highest Volume — 19,600 contracts
  • 2020-07-13: Largest IV spike — 42.2% change
  • 2020-07-14: Highest IV Rank — 41.0%
  • 2020-07-14: Largest Expected Move — 18.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.33$19.07$21.45$19.07$21.05
Max Pain$19.01$14.38$20.00$14.38$20.00
ATM IV54.9%43.0%77.0%45.3%48.1%
Expected Move15.7%12.3%18.7%13.0%13.8%
HV 20d42.1%33.0%52.1%52.1%41.4%
HV 60d46.0%42.8%50.1%49.8%43.0%
IV Rank24.6%15.7%41.0%17.4%19.5%
IV Percentile70.6%58.3%89.3%62.7%58.3%
Term Structure-0.3%-4.8%6.2%5.8%3.5%
VWIV56.7%46.5%72.7%46.8%49.6%
Skew 25d16.0%12.0%19.3%13.7%16.5%
Skew 10d30.3%23.7%41.8%24.8%28.5%
Call IV 25d47.5%38.9%59.1%39.8%38.9%
Put IV 25d63.5%51.2%74.8%53.5%55.4%
Bid-Ask Spread %42.5322.7589.7887.9455.37
Gamma HHI0.130.100.340.140.10
Net GEX351.6K-552.0K1.3M814.5K-391.0K
Net DEX-65.5M-116.8M-9.5M-84.1M-28.8M
Net VEX-214.9K-241.8K-186.4K-211.7K-224.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.226.110.220.42
Total Volume6,069.4551,09619,6005,0164,768
Total OI125,008.72777,984161,976141,81698,552

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$19.07$14.3845.3%13.0%52.1%17.4%46.8%13.7%5.8%814.5K-84.1M-211.7K0.2287.94N/AN/A4,11290466,12075,696
2020-07-02$19.28$14.3843.0%12.3%51.0%15.7%46.5%12.0%6.2%966.1K-88.6M-212.1K0.4189.78N/AN/A2,4881,02467,20876,168
2020-07-06$20.07$16.8844.5%15.6%50.8%16.8%57.2%13.1%-4.8%993.9K-104.1M-186.4K0.6940.87N/AN/A11,6008,00067,92876,480
2020-07-07$20.00$17.7552.0%15.8%50.9%22.4%55.7%16.4%-1.2%872.7K-101.1M-201.4K0.5622.75N/AN/A2,3761,32068,80077,544
2020-07-08$20.28$17.7552.2%15.6%50.7%22.6%56.5%16.5%-1.1%970.7K-107.5M-195.8K0.8924.26N/AN/A1,6961,50469,69679,144
2020-07-09$20.67$17.7556.2%16.2%50.4%25.6%61.3%19.3%-0.7%996.4K-114.9M-190.5K1.9727.63N/AN/A2,6405,20070,86479,624
2020-07-10$20.95$19.3850.8%15.5%33.0%21.5%58.7%17.6%-0.2%829.9K-116.8M-195.1K1.2428.39N/AN/A1,9602,44071,16883,696
2020-07-13$20.44$20.0072.2%18.5%35.1%37.5%65.3%14.2%-3.2%734.7K-103.4M-211.6K2.3837.45N/AN/A4,35210,35271,80085,408
2020-07-14$20.25$20.0077.0%18.7%35.4%41.0%72.7%18.4%-4.8%882.2K-100.4M-221.8K0.4826.61N/AN/A3,9041,86472,33689,640
2020-07-15$20.49$20.0061.1%17.5%34.2%29.2%68.4%17.8%-2.4%1.1M-100.3M-214.1K1.5025.37N/AN/A7,84811,73669,20090,240
2020-07-16$20.24$20.0059.7%17.1%34.8%28.1%59.7%17.0%-1.8%1.3M-95.5M-213.1K0.9030.63N/AN/A1,9601,76868,50491,040
2020-07-17$20.30$20.0054.0%15.5%34.8%23.9%53.2%16.3%-0.2%1.1M-99.2M-206.5K0.9835.65N/AN/A1,6641,62468,70492,304
2020-07-20$21.45$20.0052.7%15.1%38.9%22.9%51.9%15.6%-1.0%-278.9K-31.6M-194.9K0.2937.87N/AN/A4,8641,40028,07249,912
2020-07-21$21.03$20.0053.5%15.3%40.0%23.5%56.1%15.4%0.4%-73.5K-31.5M-211.3K2.4334.03N/AN/A2,0084,87232,74450,592
2020-07-22$21.09$20.0053.2%15.3%39.6%23.3%53.6%18.0%0.4%-262.0K-28.9M-221.8K6.1165.58N/AN/A3682,24832,76054,616
2020-07-23$20.02$20.0055.9%16.0%41.9%25.3%55.3%16.8%0.2%-429.4K-16.3M-232.1K1.6942.19N/AN/A1,7522,96832,90456,944
2020-07-24$19.56$20.0057.5%16.5%43.0%26.5%56.8%17.2%-0.6%-552.0K-9.5M-240.4K0.2441.19N/AN/A4,03295233,48859,704
2020-07-27$20.33$20.0053.7%15.4%42.5%23.7%55.4%15.3%0.9%-416.6K-20.2M-241.8K0.2242.17N/AN/A3,11267236,04860,208
2020-07-28$19.90$20.0056.0%16.0%43.7%25.4%53.1%14.5%-0.3%-453.1K-15.5M-236.4K0.2843.70N/AN/A1,16032037,14460,720
2020-07-29$20.29$20.0055.8%16.0%42.1%25.3%56.6%14.5%-2.0%-518.2K-19.9M-231.0K0.5751.98N/AN/A69640036,75261,400
2020-07-30$20.46$20.0053.9%15.5%40.5%23.9%57.5%15.7%0.4%-450.4K-22.0M-233.5K0.2744.22N/AN/A2,04855236,79261,528
2020-07-31$21.05$20.0048.1%13.8%41.4%19.5%49.6%16.5%3.5%-391.0K-28.8M-224.8K0.4255.37N/AN/A3,3681,40036,60861,944