QLD Options History — September 2021

In September 2021, QLD traded between $36.66 and $41.59. ATM implied volatility averaged 35.4%, placing in the 19.1% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 10.7% (HV 20d: 24.7%). Max pain ranged from $31.25 to $38.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.52.

Notable Days

  • 2021-09-20: Highest Volume — 10,636 contracts
  • 2021-09-20: Largest IV spike — 45.1% change
  • 2021-09-20: Highest IV Rank — 43.6%
  • 2021-09-20: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.68$36.66$41.59$41.30$36.66
Max Pain$35.51$31.25$38.00$38.00$37.50
ATM IV35.4%25.8%49.0%26.9%46.5%
Expected Move10.3%7.7%14.1%7.7%13.3%
HV 20d24.7%19.6%33.3%20.0%33.1%
HV 60d23.8%21.7%27.8%22.2%27.7%
IV Rank19.1%1.9%43.6%3.9%39.0%
IV Percentile26.6%0.8%67.5%1.2%63.1%
Term Structure3.7%-2.6%8.2%5.2%-0.4%
VWIV38.0%29.8%48.2%29.8%45.2%
Skew 25d15.0%9.8%22.0%9.8%17.5%
Skew 10d29.8%18.8%42.3%18.8%30.7%
Call IV 25d30.0%24.4%38.9%24.4%37.9%
Put IV 25d45.0%34.2%59.7%34.2%55.4%
Bid-Ask Spread %21.0414.1039.6339.6315.44
Gamma HHI0.080.050.160.070.06
Net GEX657.7K-118.3K2.4M968.7K-118.3K
Net DEX-47.2M-72.6M-1.9M-65.6M-1.9M
Net VEX-168.0K-213.6K-137.4K-140.2K-210.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.191.830.530.48
Total Volume3,923.7141,38010,6363,1861,380
Total OI49,680.95236,74256,77642,90856,776

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-09-01$41.30$38.0026.9%7.7%20.0%3.9%29.8%9.8%5.2%968.7K-65.6M-140.2K0.5339.63N/AN/A2,0801,10624,88618,022
2021-09-02$41.09$31.2529.1%9.1%20.1%7.8%34.5%13.3%6.5%964.5K-64.5M-146.1K0.6617.97N/AN/A1,7821,17025,77018,490
2021-09-03$41.42$31.5025.8%9.1%19.8%1.9%35.7%12.1%6.2%1.3M-68.7M-153.3K0.5018.73N/AN/A94247226,91818,890
2021-09-07$41.59$32.5028.6%9.5%19.8%6.9%33.6%12.8%6.1%1.4M-72.6M-141.4K0.3815.19N/AN/A1,53458827,48619,612
2021-09-08$41.17$32.5032.9%9.4%19.6%14.6%41.0%13.3%6.1%1.3M-68.3M-143.6K0.5521.88N/AN/A2,6261,43627,80219,952
2021-09-09$41.12$33.2533.4%9.6%19.6%15.5%39.6%14.6%6.0%1.3M-67.1M-147.3K0.2423.42N/AN/A2,10250428,45820,354
2021-09-10$40.41$33.5037.1%10.6%20.8%22.2%39.8%15.1%4.1%729.7K-59.0M-155.1K0.3818.38N/AN/A2,38090629,42221,124
2021-09-13$40.13$33.7536.4%10.4%21.1%20.9%40.6%15.6%4.2%434.6K-55.8M-145.9K0.4624.15N/AN/A2,9581,35830,20421,518
2021-09-14$39.92$35.0035.5%10.2%21.2%19.3%37.6%15.9%4.9%62.8K-54.1M-145.7K0.2616.35N/AN/A1,84448230,26222,032
2021-09-15$40.70$36.0029.7%8.5%20.5%8.9%34.3%14.2%8.2%1.1M-65.8M-140.0K0.1918.71N/AN/A2,09640431,06623,072
2021-09-16$40.73$36.0029.2%8.4%20.2%8.0%34.8%13.5%6.4%2.4M-71.5M-137.4K1.0616.23N/AN/A2,5182,67431,61623,200
2021-09-17$39.72$36.0033.8%9.7%22.7%16.2%39.8%15.8%4.4%410.4K-51.0M-140.3K1.8317.51N/AN/A3,0665,59831,42023,418
2021-09-20$37.63$36.5049.0%14.1%29.4%43.6%48.2%22.0%-1.9%523.4K-30.9M-152.4K0.7630.01N/AN/A6,0504,58623,32413,418
2021-09-21$38.33$37.5041.3%11.9%28.0%29.8%42.0%18.2%1.7%91.3K-27.5M-175.5K0.6420.61N/AN/A1,8901,21024,19818,202
2021-09-22$39.02$37.5038.1%10.9%28.8%23.9%37.0%16.2%1.4%78.0K-33.0M-206.3K0.2732.76N/AN/A4,0561,09626,23822,042
2021-09-23$39.69$37.5031.7%9.1%29.5%12.4%33.4%13.3%4.6%161.9K-40.4M-211.8K0.3317.87N/AN/A3,7481,24226,80622,398
2021-09-24$39.74$37.5029.6%8.5%29.1%8.7%32.3%13.9%6.6%264.4K-41.1M-213.6K0.2221.64N/AN/A1,41230828,64623,058
2021-09-27$39.09$37.5034.7%9.9%28.6%17.8%32.3%12.9%2.2%247.1K-35.5M-207.4K0.4922.33N/AN/A2,9261,44229,71423,480
2021-09-28$36.95$37.5047.3%13.6%33.3%40.5%45.3%17.3%-2.6%98.2K-11.6M-203.3K0.4318.85N/AN/A3,8581,67230,24823,676
2021-09-29$36.84$37.5046.9%13.5%33.3%39.8%41.3%18.3%-2.5%49.4K-5.4M-209.8K0.3414.10N/AN/A2,15674030,61625,466
2021-09-30$36.66$37.5046.5%13.3%33.1%39.0%45.2%17.5%-0.4%-118.3K-1.9M-210.6K0.4815.44N/AN/A93444630,37226,404