QLD Options History — December 2021

In December 2021, QLD traded between $40.70 and $45.74. ATM implied volatility averaged 43.2%, placing in the 38.2% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded below realized volatility by 0.7% (HV 20d: 43.8%). Max pain ranged from $38.75 to $42.50. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 1.02.

Notable Days

  • 2021-12-17: Highest Volume — 11,684 contracts
  • 2021-12-13: Largest IV spike — 29.9% change
  • 2021-12-03: Highest IV Rank — 80.7%
  • 2021-12-03: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.59$40.70$45.74$43.09$44.79
Max Pain$39.83$38.75$42.50$42.50$40.00
ATM IV43.2%31.7%63.7%53.1%31.7%
Expected Move12.1%9.1%18.3%15.2%9.1%
HV 20d43.8%31.6%50.6%32.3%46.6%
HV 60d35.7%32.4%37.7%32.5%34.9%
IV Rank38.2%14.5%80.7%58.8%14.5%
IV Percentile59.9%19.0%98.0%92.5%19.0%
Term Structure2.9%-7.9%6.7%-3.0%5.9%
VWIV45.5%33.6%58.2%55.9%34.1%
Skew 25d15.1%8.6%25.4%19.3%8.6%
Skew 10d29.3%16.2%45.2%36.2%16.2%
Call IV 25d36.2%29.1%52.1%44.5%29.1%
Put IV 25d51.3%37.6%77.5%63.7%37.6%
Bid-Ask Spread %40.1320.0564.4337.7233.39
Gamma HHI0.090.070.160.080.09
Net GEX164.0K-446.8K1.2M137.3K200.6K
Net DEX-48.1M-68.0M-20.0M-45.1M-57.0M
Net VEX-249.9K-277.9K-225.6K-277.9K-245.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.512.190.750.86
Total Volume7,017.3644,43211,6844,4327,054
Total OI57,243.36448,10067,89855,50856,586

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$43.09$42.5053.1%15.2%32.3%58.8%55.9%19.3%-3.0%137.3K-45.1M-277.9K0.7537.72N/AN/A2,5281,90430,84224,666
2021-12-02$43.15$42.5051.6%14.8%31.6%55.6%53.9%20.8%-5.0%108.5K-44.8M-277.3K1.1038.56N/AN/A2,4502,69231,05225,070
2021-12-03$40.78$42.5063.7%18.3%36.0%80.7%57.5%25.4%-7.9%-30.4K-20.0M-271.0K0.6221.51N/AN/A4,0822,54431,08425,282
2021-12-06$42.08$38.7553.6%14.1%38.0%59.8%56.5%20.5%2.0%-29.6K-32.1M-267.8K0.6942.60N/AN/A3,3522,30031,85825,796
2021-12-07$44.38$38.7542.3%12.0%43.0%36.4%44.2%17.7%3.7%301.0K-61.6M-258.9K0.7954.53N/AN/A4,0443,18432,14826,074
2021-12-08$44.85$38.7538.9%11.7%42.9%29.4%49.0%15.4%3.8%297.5K-66.2M-262.6K1.3551.97N/AN/A2,4563,31032,48826,800
2021-12-09$44.00$38.7544.9%12.6%41.8%41.8%49.1%16.6%4.2%72.5K-53.9M-265.8K1.0537.29N/AN/A2,3542,46632,51427,850
2021-12-10$44.49$38.7538.9%11.2%41.8%29.2%42.6%15.5%5.4%97.1K-62.5M-254.8K2.1946.73N/AN/A2,1024,60432,68628,192
2021-12-13$43.73$38.7550.5%12.1%41.7%53.3%45.3%15.8%5.1%-224.1K-51.9M-246.0K1.7232.01N/AN/A3,4025,86832,93230,706
2021-12-14$42.37$38.7550.6%12.9%43.2%53.6%46.7%15.7%3.7%-446.8K-31.5M-246.6K0.6643.76N/AN/A6,2824,16833,38631,020
2021-12-15$43.94$38.7542.1%12.1%44.8%36.1%43.8%14.2%4.0%12.3K-57.9M-248.4K0.5164.43N/AN/A5,3342,71834,17030,920
2021-12-16$42.18$38.7543.8%12.5%46.9%39.4%47.1%15.6%2.7%-37.0K-31.4M-241.7K0.6537.43N/AN/A6,4604,22034,24230,878
2021-12-17$41.80$40.0045.8%13.1%46.2%43.7%58.2%15.8%0.5%1.2M-22.2M-243.2K0.9949.90N/AN/A5,8765,80835,76832,130
2021-12-20$40.70$40.0048.1%13.8%46.6%48.3%52.1%16.2%3.7%-23.6K-22.7M-240.2K0.7750.71N/AN/A3,7142,86825,63022,470
2021-12-21$42.39$40.0042.5%12.2%49.4%36.9%46.9%14.6%3.4%58.0K-36.9M-246.1K0.8330.67N/AN/A3,2262,69226,52023,012
2021-12-22$43.49$40.0038.0%10.9%49.7%27.4%44.1%13.4%4.8%137.2K-46.6M-242.7K1.1847.37N/AN/A2,1282,50226,92823,298
2021-12-23$44.65$40.0033.7%9.6%50.6%18.5%34.8%11.5%6.3%258.2K-57.6M-228.1K0.8643.58N/AN/A3,7523,21226,81023,296
2021-12-27$45.74$40.0032.9%9.4%49.9%16.8%33.6%10.5%6.7%439.9K-68.0M-225.6K0.8838.19N/AN/A3,8303,36627,62824,084
2021-12-28$45.62$40.0035.1%10.1%48.2%21.4%36.2%10.7%5.1%429.7K-63.8M-234.2K1.8231.06N/AN/A2,4924,53028,20824,694
2021-12-29$45.53$40.0034.0%9.7%46.8%19.1%33.6%9.6%4.4%341.3K-64.1M-232.3K1.0620.05N/AN/A2,9983,18228,31825,946
2021-12-30$45.20$40.0033.9%9.7%46.4%18.9%35.7%9.3%4.4%274.3K-59.3M-242.2K1.1029.36N/AN/A3,0203,30828,82426,548
2021-12-31$44.79$40.0031.7%9.1%46.6%14.5%34.1%8.6%5.9%200.6K-57.0M-245.0K0.8633.39N/AN/A3,7943,26029,51827,068