QLD Options History — September 2020

In September 2020, QLD traded between $20.82 and $27.48. ATM implied volatility averaged 64.7%, placing in the 31.9% IV rank vs the trailing year. The 30-day expected move averaged 18.5%. IV traded below realized volatility by 1.2% (HV 20d: 65.9%). Max pain ranged from $21.88 to $23.13. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.95.

Notable Days

  • 2020-09-03: Highest Volume — 17,108 contracts
  • 2020-09-03: Largest IV spike — 29.3% change
  • 2020-09-03: Highest IV Rank — 42.4%
  • 2020-09-03: Largest Expected Move — 21.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.72$20.82$27.48$26.82$22.90
Max Pain$22.53$21.88$23.13$23.13$22.50
ATM IV64.7%55.3%78.8%56.7%55.3%
Expected Move18.5%15.9%21.9%16.3%15.9%
HV 20d65.9%32.0%76.4%32.0%75.3%
HV 60d50.4%41.5%53.8%41.5%53.3%
IV Rank31.9%24.9%42.4%26.0%24.9%
IV Percentile78.4%61.9%90.1%73.4%61.9%
Term Structure3.0%-2.4%10.6%3.9%10.6%
VWIV63.7%56.6%77.7%59.0%56.6%
Skew 25d14.3%6.3%19.9%9.2%13.7%
Skew 10d26.2%19.7%33.2%20.1%24.5%
Call IV 25d56.3%49.6%67.1%53.8%49.6%
Put IV 25d70.6%60.7%87.1%63.0%63.3%
Bid-Ask Spread %50.8535.3570.1565.0670.15
Gamma HHI0.070.040.120.070.07
Net GEX-296.0K-1.3M344.4K321.8K344.4K
Net DEX-24.4M-92.3M13.9M-86.9M-39.9M
Net VEX-225.4K-281.8K-203.8K-209.8K-211.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.163.520.390.74
Total Volume6,809.5242,55217,1082,5523,972
Total OI114,687.04893,016129,400106,540107,704

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-09-01$26.82$23.1356.7%16.3%32.0%26.0%59.0%9.2%3.9%321.8K-86.9M-209.8K0.3965.06N/AN/A1,84071245,56860,972
2020-09-02$27.48$23.1361.0%17.5%32.3%29.1%64.0%13.1%5.9%318.9K-92.3M-211.0K0.7767.43N/AN/A5,1723,97246,15261,052
2020-09-03$24.45$21.8878.8%21.9%55.1%42.4%77.7%19.9%-2.0%45.0K-53.0M-256.6K3.5235.35N/AN/A3,78413,32447,36864,064
2020-09-04$24.19$22.5070.2%20.2%54.6%36.0%73.5%18.4%0.9%-522.0K-35.2M-281.8K0.7040.40N/AN/A4,7723,35647,70876,084
2020-09-08$21.82$22.5076.1%20.9%66.4%40.4%71.2%11.3%-0.2%-690.1K-2.9M-259.4K0.3951.30N/AN/A2,6241,02448,09276,928
2020-09-09$23.00$22.5069.6%20.0%67.9%35.6%70.6%18.4%-2.4%-600.8K-18.4M-257.7K1.7235.35N/AN/A3,3845,82048,27677,084
2020-09-10$22.11$22.5072.4%20.7%67.7%37.6%67.3%11.9%-2.0%-591.4K-4.9M-244.7K0.6056.07N/AN/A7,3244,40449,49676,268
2020-09-11$21.64$22.5065.3%18.7%68.1%32.4%63.6%15.2%-2.1%-762.0K4.7M-233.8K0.4043.11N/AN/A3,7801,52448,64877,312
2020-09-14$22.55$22.5061.1%17.5%69.7%29.2%60.1%15.2%0.9%-653.1K-10.0M-224.5K0.5844.76N/AN/A5,0322,93249,70877,572
2020-09-15$22.93$22.5061.8%17.7%69.2%29.7%61.6%10.3%0.5%-534.2K-18.9M-226.2K2.8655.83N/AN/A1,8365,26051,25278,148
2020-09-16$22.52$22.5063.9%18.3%69.1%31.3%63.6%15.5%-1.1%-537.7K-12.8M-217.6K1.1751.54N/AN/A1,4041,64851,98076,648
2020-09-17$21.52$22.5067.2%19.3%70.8%33.8%64.3%15.6%2.4%-1.1M9.0M-213.5K0.7145.68N/AN/A5,0523,60851,92076,808
2020-09-18$21.16$22.5063.7%18.3%70.1%31.2%64.1%14.8%4.0%-1.3M13.9M-205.9K1.4947.51N/AN/A4,1166,14452,02476,852
2020-09-21$21.07$22.5064.9%18.6%69.9%32.1%60.8%16.8%5.9%-159.1K-13.5M-203.8K0.3241.12N/AN/A4,9201,56437,14855,868
2020-09-22$22.13$22.5061.3%17.6%72.4%29.3%60.4%6.3%5.5%4.4K-26.5M-205.1K0.8163.44N/AN/A3,2922,68040,29256,792
2020-09-23$20.82$22.5067.1%19.2%74.6%33.7%61.6%16.6%2.9%-83.0K-14.2M-216.2K0.4741.93N/AN/A3,8361,82042,26058,824
2020-09-24$20.98$22.5066.1%18.9%72.6%32.9%64.7%15.7%3.3%-99.1K-14.5M-214.1K0.8346.12N/AN/A1,5921,32042,60059,456
2020-09-25$21.84$22.5059.5%17.0%74.7%28.0%58.3%14.6%8.6%-10.6K-25.5M-218.5K0.1648.38N/AN/A2,97648043,29259,832
2020-09-28$22.70$22.5057.3%16.4%76.4%26.4%57.7%13.8%9.4%132.2K-35.4M-209.7K0.7055.27N/AN/A4,6963,26444,20859,968
2020-09-29$22.57$22.5059.2%17.0%75.6%27.8%57.9%13.1%8.5%256.8K-35.9M-210.9K0.5662.11N/AN/A1,75698446,52059,680
2020-09-30$22.90$22.5055.3%15.9%75.3%24.9%56.6%13.7%10.6%344.4K-39.9M-211.7K0.7470.15N/AN/A2,2881,68447,35260,352