QLD Options History — December 2020

In December 2020, QLD traded between $26.48 and $28.69. ATM implied volatility averaged 45.5%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 16.9% (HV 20d: 28.6%). Max pain ranged from $18.75 to $25.50. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.87.

Notable Days

  • 2020-12-18: Highest Volume — 8,396 contracts
  • 2020-12-09: Largest IV spike — 27.3% change
  • 2020-12-11: Highest IV Rank — 22.6%
  • 2020-12-11: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.63$26.48$28.69$26.88$28.66
Max Pain$21.51$18.75$25.50$25.25$25.00
ATM IV45.5%34.8%52.3%45.9%44.1%
Expected Move13.4%11.7%15.0%13.2%12.6%
HV 20d28.6%23.8%45.7%45.7%23.8%
HV 60d48.6%43.7%56.8%56.8%43.7%
IV Rank17.2%9.6%22.6%17.9%14.4%
IV Percentile27.6%15.9%44.0%31.0%19.8%
Term Structure2.3%-1.1%4.8%2.5%3.4%
VWIV49.6%41.8%57.3%46.6%52.0%
Skew 25d13.5%5.2%17.7%7.1%15.9%
Skew 10d25.6%15.5%31.7%23.5%29.0%
Call IV 25d41.2%36.0%45.0%43.7%38.1%
Put IV 25d54.7%49.2%60.3%50.9%54.0%
Bid-Ask Spread %75.9026.5385.6330.3985.04
Gamma HHI0.070.040.160.040.07
Net GEX455.8K-230.7K1.9M158.4K-9.6K
Net DEX-61.5M-82.3M-45.7M-65.6M-49.8M
Net VEX-157.9K-169.9K-144.5K-163.6K-159.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.142.590.141.93
Total Volume3,479.6368208,3965,9841,876
Total OI95,988.18284,404105,84495,53690,708

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-12-01$26.88$25.2545.9%13.2%45.7%17.9%46.6%7.1%2.5%158.4K-65.6M-163.6K0.1430.39N/AN/A5,25273240,27255,264
2020-12-02$26.93$25.5044.6%12.8%43.4%16.9%45.0%6.7%3.7%406.7K-68.8M-167.8K0.4026.53N/AN/A1,25249642,76455,704
2020-12-03$27.03$18.7543.5%13.8%35.6%16.0%50.0%9.4%1.1%508.9K-65.2M-169.9K0.2475.75N/AN/A1,96446841,18056,016
2020-12-04$27.18$18.7534.8%12.5%32.3%9.6%49.8%11.5%-0.9%609.6K-66.8M-161.8K1.4083.30N/AN/A8241,15241,27656,240
2020-12-07$27.45$18.7542.0%13.6%32.3%14.9%47.7%11.9%2.0%700.7K-71.3M-157.0K0.3876.63N/AN/A1,26848441,67256,048
2020-12-08$27.78$18.7540.5%13.2%30.6%13.8%47.3%11.7%2.9%801.5K-76.3M-148.9K0.3477.20N/AN/A2,44083241,78856,356
2020-12-09$26.54$18.7551.5%14.8%28.6%22.1%52.7%5.2%-0.7%452.0K-57.0M-159.3K1.4079.65N/AN/A1,1561,62042,17256,656
2020-12-10$26.83$18.7550.2%14.4%25.7%21.1%51.2%14.7%1.7%489.5K-60.5M-158.5K0.4276.70N/AN/A4,2361,76042,20057,416
2020-12-11$26.48$20.0052.3%15.0%25.7%22.6%57.3%14.6%-1.1%443.5K-56.0M-162.1K2.5977.57N/AN/A1,4403,72843,02458,108
2020-12-14$27.00$20.0051.0%14.6%25.3%21.7%53.3%16.4%1.4%612.9K-63.4M-158.5K0.8279.88N/AN/A2,7402,26042,98460,772
2020-12-15$27.48$20.6348.7%14.0%25.8%20.0%52.6%16.7%2.1%1.0M-71.1M-154.4K0.3580.03N/AN/A1,84464443,46861,316
2020-12-16$27.96$20.6346.7%13.4%26.1%18.4%49.1%17.0%4.5%1.2M-79.5M-146.8K0.4179.49N/AN/A3,2321,33643,30061,452
2020-12-17$28.14$20.6347.0%13.5%25.5%18.7%50.9%16.6%0.0%1.5M-82.3M-144.5K0.2080.58N/AN/A4,76493643,05261,608
2020-12-18$27.74$20.6349.0%14.1%26.5%20.2%48.0%16.7%4.1%1.9M-76.4M-146.4K1.6282.45N/AN/A3,2005,19644,08861,756
2020-12-21$27.84$22.5048.0%13.8%26.1%19.4%54.4%17.7%2.7%-111.4K-47.5M-161.0K1.7480.34N/AN/A1,7443,04032,29252,112
2020-12-22$28.02$22.5047.8%13.7%25.8%19.3%53.6%17.2%2.2%-176.7K-48.2M-165.4K1.3880.88N/AN/A64889632,88454,172
2020-12-23$28.03$22.5044.4%12.7%24.8%16.7%52.0%13.9%3.8%-230.7K-45.7M-163.5K0.4180.77N/AN/A2,29294032,01654,952
2020-12-24$27.99$22.5043.7%12.5%24.6%16.2%46.4%14.7%3.8%-201.1K-47.2M-162.1K0.7783.20N/AN/A46435633,04855,436
2020-12-28$28.63$23.7540.7%11.7%25.3%12.2%41.8%13.7%4.2%-157.2K-51.3M-151.8K0.6582.79N/AN/A2,0281,31631,94055,588
2020-12-29$28.69$24.3842.2%12.1%25.3%12.9%44.9%13.9%4.8%-8.5K-51.7M-154.4K0.3685.06N/AN/A1,40450832,90856,092
2020-12-30$28.65$24.3842.7%12.2%23.8%13.3%43.9%14.0%3.6%19.9K-50.5M-156.1K1.2885.63N/AN/A7841,00033,24856,392
2020-12-31$28.66$25.0044.1%12.6%23.8%14.4%52.0%15.9%3.4%-9.6K-49.8M-159.1K1.9385.04N/AN/A6401,23633,52857,180