QLD Options History — April 2021

In April 2021, QLD traded between $30.24 and $33.57. ATM implied volatility averaged 39.4%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 3.7% (HV 20d: 35.7%). Max pain ranged from $28.25 to $31.25. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.15.

Notable Days

  • 2021-04-05: Highest Volume — 11,204 contracts
  • 2021-04-19: Largest IV spike — 18.7% change
  • 2021-04-22: Highest IV Rank — 19.6%
  • 2021-04-22: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.62$30.24$33.57$30.24$32.66
Max Pain$29.74$28.25$31.25$30.00$31.25
ATM IV39.4%34.8%43.5%39.1%40.0%
Expected Move11.6%10.4%12.5%11.2%11.5%
HV 20d35.7%29.4%50.2%49.6%29.4%
HV 60d45.6%42.0%47.9%47.4%42.1%
IV Rank10.1%0.7%19.6%6.5%12.0%
IV Percentile5.5%1.2%14.3%2.4%7.1%
Term Structure1.5%-0.6%3.6%3.0%0.8%
VWIV43.5%36.1%59.6%40.9%38.5%
Skew 25d11.8%8.1%14.9%8.1%13.7%
Skew 10d21.6%17.3%25.8%17.3%22.3%
Call IV 25d35.5%32.5%38.1%35.7%33.2%
Put IV 25d47.3%43.5%51.7%43.9%46.9%
Bid-Ask Spread %25.1213.4569.8169.8133.65
Gamma HHI0.190.120.630.120.15
Net GEX1.1M308.4K3.3M308.4K545.3K
Net DEX-38.7M-66.8M-14.8M-14.8M-23.6M
Net VEX-183.1K-203.1K-162.7K-170.2K-199.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.150.174.690.782.57
Total Volume3,585.52482811,2041,6881,084
Total OI63,282.28645,40873,89256,42864,812

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$30.24$30.0039.1%11.2%49.6%6.5%40.9%8.1%3.0%308.4K-14.8M-170.2K0.7869.81N/AN/A94874025,74830,680
2021-04-05$31.52$28.2542.8%12.1%50.2%14.9%46.9%10.5%0.8%472.7K-30.2M-162.7K1.9415.62N/AN/A3,8127,39225,83631,016
2021-04-06$31.48$28.2542.3%12.1%45.5%14.9%59.6%10.5%1.1%981.5K-35.2M-177.1K1.6813.45N/AN/A1,3562,27629,52434,728
2021-04-07$31.65$28.2540.0%11.8%39.8%11.3%44.3%10.1%1.8%1.2M-38.4M-176.4K0.8418.36N/AN/A68857629,95636,960
2021-04-08$32.24$28.2536.5%11.9%39.9%4.1%41.1%10.5%0.7%1.3M-46.7M-172.3K0.3714.66N/AN/A3,2801,20029,96837,100
2021-04-09$32.57$28.7534.8%11.8%37.5%0.7%42.5%10.2%1.2%1.6M-52.6M-180.9K0.5718.22N/AN/A1,52086432,12837,640
2021-04-12$32.63$28.7537.7%11.8%36.3%6.8%44.6%10.3%1.4%1.8M-56.4M-165.9K0.3418.91N/AN/A1,57653632,31637,740
2021-04-13$33.37$28.7536.5%11.6%36.6%4.2%46.2%9.7%1.8%1.8M-66.8M-169.6K0.6516.61N/AN/A5,1803,38832,99638,108
2021-04-14$32.49$28.7542.1%12.1%38.1%16.1%50.7%11.1%1.3%1.9M-51.3M-174.4K0.8017.94N/AN/A3,7643,02832,71238,016
2021-04-15$33.54$28.7538.1%10.9%39.3%7.7%40.6%10.5%2.5%2.1M-66.1M-170.3K0.4219.72N/AN/A2,6561,12432,76440,636
2021-04-16$33.57$28.7536.1%10.4%30.6%3.5%36.2%11.0%3.1%3.3M-65.3M-165.1K0.1726.86N/AN/A2,18838033,42440,468
2021-04-19$32.87$28.7542.9%12.3%32.4%17.8%46.6%13.8%-0.1%868.9K-31.2M-171.7K3.0620.26N/AN/A1,5524,75222,10823,300
2021-04-20$32.56$30.2543.5%12.5%31.4%18.9%53.8%14.8%0.2%600.9K-25.5M-191.5K4.6921.51N/AN/A1,2926,06423,14427,636
2021-04-21$33.02$31.2542.0%12.0%30.9%15.9%41.8%13.1%-0.6%560.7K-27.9M-201.5K0.3423.56N/AN/A1,04436023,84033,560
2021-04-22$32.34$31.2543.5%12.5%30.3%19.6%40.6%14.9%0.1%497.9K-23.3M-200.8K0.2027.95N/AN/A1,64033224,68833,796
2021-04-23$33.20$31.2537.2%10.7%30.6%5.8%42.9%13.3%3.5%744.0K-30.8M-203.1K2.1627.37N/AN/A1,1442,47225,48034,432
2021-04-26$33.48$31.2538.5%11.0%30.6%8.7%38.5%13.1%2.6%716.5K-33.0M-200.9K0.1725.37N/AN/A1,15620025,96836,132
2021-04-27$33.28$31.2537.5%10.7%31.0%6.5%42.0%12.7%3.2%740.2K-31.8M-199.3K0.4230.79N/AN/A58424426,54836,208
2021-04-28$33.09$31.2540.3%11.6%30.8%12.6%38.6%12.8%0.1%707.0K-29.9M-195.4K0.7933.11N/AN/A74058826,68836,364
2021-04-29$33.26$31.2536.4%10.4%29.4%4.0%36.1%12.9%3.6%762.1K-31.2M-197.0K1.0833.82N/AN/A75682026,86036,900
2021-04-30$32.66$31.2540.0%11.5%29.4%12.0%38.5%13.7%0.8%545.3K-23.6M-199.2K2.5733.65N/AN/A30478027,13637,676