QLD Options History — March 2021

In March 2021, QLD traded between $26.27 and $30.27. ATM implied volatility averaged 53.7%, placing in the 18.0% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded below realized volatility by 0.2% (HV 20d: 53.9%). Max pain ranged from $28.75 to $31.75. Net GEX was positive for 2 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 1.05.

Notable Days

  • 2021-03-16: Highest Volume — 7,736 contracts
  • 2021-03-08: Largest IV spike — 34.5% change
  • 2021-03-08: Highest IV Rank — 31.7%
  • 2021-03-04: Largest Expected Move — 17.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.56$26.27$30.27$30.27$29.41
Max Pain$30.39$28.75$31.75$31.75$30.00
ATM IV53.7%41.3%73.0%49.0%41.3%
Expected Move15.1%11.8%17.6%14.0%11.8%
HV 20d53.9%38.4%62.0%41.1%52.1%
HV 60d44.2%37.3%47.1%37.3%47.1%
IV Rank18.0%9.7%31.7%11.9%9.7%
IV Percentile44.4%3.6%85.3%28.2%3.6%
Term Structure-0.7%-4.3%3.2%1.4%3.2%
VWIV53.5%43.7%64.5%53.0%43.7%
Skew 25d15.0%8.6%22.1%15.9%8.6%
Skew 10d27.5%17.5%41.1%31.5%17.5%
Call IV 25d45.8%40.3%50.9%42.0%40.3%
Put IV 25d60.8%48.9%71.3%57.8%48.9%
Bid-Ask Spread %45.9431.2168.7933.3266.03
Gamma HHI0.110.080.170.080.10
Net GEX-634.3K-1.2M69.6K-991.0K69.6K
Net DEX12.1M-6.2M36.7M5.2M-6.2M
Net VEX-173.1K-202.6K-158.2K-202.6K-171.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.193.491.280.63
Total Volume3,654.0878327,7363,1802,112
Total OI56,519.1341,64866,83653,07255,696

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$30.27$31.7549.0%14.0%41.1%11.9%53.0%15.9%1.4%-991.0K5.2M-202.6K1.2833.32N/AN/A1,3961,78420,24032,832
2021-03-02$29.60$31.7554.8%15.7%38.4%16.7%52.8%18.1%-4.3%-971.4K11.7M-198.8K0.8136.73N/AN/A46037220,79633,140
2021-03-03$27.96$31.7559.9%17.2%41.2%20.9%57.3%21.6%1.4%-904.6K27.1M-181.6K1.7642.68N/AN/A1,3562,39221,05633,252
2021-03-04$26.71$31.2566.3%17.6%43.5%26.2%64.5%22.1%-4.3%-804.7K35.9M-165.8K0.9151.45N/AN/A3,4963,18420,98033,920
2021-03-05$27.64$30.0054.3%15.3%45.6%16.3%53.9%11.3%-0.9%-984.7K27.4M-177.2K0.8057.01N/AN/A1,7281,38822,29234,712
2021-03-08$26.27$30.0073.0%17.4%47.7%31.7%59.3%20.0%-2.0%-728.6K36.7M-159.0K0.7335.81N/AN/A2,7802,01622,75634,904
2021-03-09$28.12$30.0065.4%16.7%54.8%25.4%56.6%19.5%-4.2%-956.0K21.5M-182.1K0.3236.05N/AN/A3,3481,07623,89236,516
2021-03-10$27.99$30.0057.7%16.5%54.5%19.1%58.5%17.9%-3.6%-947.3K23.4M-182.5K1.3737.80N/AN/A9001,23224,82437,144
2021-03-11$29.23$30.0054.2%15.5%57.4%16.2%54.2%16.8%-2.0%-1.1M10.1M-188.1K0.9131.21N/AN/A1,6921,54025,02837,644
2021-03-12$28.64$30.0054.5%15.6%57.3%16.5%57.9%16.4%-1.2%-1.1M16.9M-181.6K0.7434.50N/AN/A79658825,52837,600
2021-03-15$29.09$30.0052.4%15.0%57.5%14.7%54.5%15.1%-0.3%-1.2M12.6M-168.3K0.4734.99N/AN/A2,5561,20025,62437,736
2021-03-16$29.71$28.7550.5%14.5%58.3%13.1%50.0%14.9%0.5%-1.1M1.4M-171.8K3.3143.14N/AN/A1,7965,94026,68038,380
2021-03-17$29.80$31.2549.8%14.3%58.4%12.6%61.7%15.5%1.4%-905.6K-850.4K-169.7K0.7368.79N/AN/A1,36098826,76838,024
2021-03-18$28.05$31.2559.2%17.0%61.7%20.3%57.3%14.6%-2.9%-880.9K23.2M-160.0K0.7337.83N/AN/A3,6122,62027,19638,632
2021-03-19$28.36$31.2551.2%14.7%62.0%18.0%52.5%13.7%1.8%-385.2K23.6M-158.2K0.8941.60N/AN/A2,5482,27627,58439,252
2021-03-22$29.31$30.0048.9%14.0%61.1%17.4%45.9%11.1%0.3%-255.1K-2.9M-164.7K0.1949.01N/AN/A5,1721,00018,30823,340
2021-03-23$28.98$30.0050.7%14.5%61.2%19.6%51.4%12.7%0.8%7.0K-3.4M-171.5K0.7455.46N/AN/A1,25692822,06423,932
2021-03-24$28.24$30.0051.1%14.7%61.7%20.1%54.7%12.8%0.1%-59.5K2.3M-167.9K1.1353.18N/AN/A1,3801,56022,80824,348
2021-03-25$28.06$30.0051.1%14.6%57.4%20.1%48.0%10.4%-1.3%-133.4K4.9M-162.6K0.4050.55N/AN/A2,47698423,15225,416
2021-03-26$28.35$30.0046.2%13.2%56.5%14.2%49.2%11.5%0.5%-99.9K3.4M-164.8K1.7252.49N/AN/A7681,32423,78026,008
2021-03-29$28.69$30.0047.5%13.6%55.3%15.8%47.0%13.0%-0.1%-75.7K1.7M-159.9K3.4957.12N/AN/A1,2844,47624,01226,620
2021-03-30$28.46$30.0046.7%13.4%54.8%17.4%47.9%11.8%0.1%-152.3K3.6M-171.3K0.2049.82N/AN/A75614824,95630,568
2021-03-31$29.41$30.0041.3%11.8%52.1%9.7%43.7%8.6%3.2%69.6K-6.2M-171.0K0.6366.03N/AN/A1,29681625,04830,648