QLD Options History — February 2022

In February 2022, QLD traded between $30.18 and $37.90. ATM implied volatility averaged 57.1%, placing in the 65.4% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded below realized volatility by 3.6% (HV 20d: 60.7%). Max pain ranged from $32.50 to $38.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 1.29.

Notable Days

2022-02-18: Highest Volume — 11,978 contracts
2022-02-03: Largest IV spike — 29.6% change
2022-02-23: Highest IV Rank — 89.3%
2022-02-23: Largest Expected Move — 19.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$34.35	$30.18	$37.90	$37.24	$32.87
Max Pain	$36.11	$32.50	$38.00	$35.00	$32.50
ATM IV	57.1%	46.6%	68.9%	50.5%	62.2%
Expected Move	16.3%	13.3%	19.7%	14.5%	17.8%
HV 20d	60.7%	51.6%	68.4%	51.6%	67.3%
HV 60d	49.5%	43.9%	53.3%	43.9%	53.2%
IV Rank	65.4%	44.1%	89.3%	52.2%	75.7%
IV Percentile	90.9%	75.0%	98.8%	84.9%	94.4%
Term Structure	-2.6%	-8.0%	0.8%	-0.3%	-8.0%
VWIV	56.9%	47.0%	64.7%	47.0%	64.7%
Skew 25d	19.1%	15.4%	22.6%	15.4%	17.8%
Skew 10d	33.1%	28.0%	37.8%	29.4%	37.8%
Call IV 25d	47.8%	40.6%	57.8%	43.8%	56.0%
Put IV 25d	66.9%	56.5%	76.6%	59.3%	73.8%
Bid-Ask Spread %	26.02	11.80	56.44	42.06	56.44
Gamma HHI	0.12	0.05	0.55	0.08	0.05
Net GEX	359.7K	-1.6M	1.1M	914.7K	62.8K
Net DEX	11.5M	-15.2M	36.7M	-9.4M	11.2M
Net VEX	-213.2K	-264.4K	-163.0K	-260.1K	-204.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.29	0.61	2.62	1.40	0.95
Total Volume	8,679.789	6,900	11,978	10,242	7,568
Total OI	52,877.368	37,110	62,454	52,974	42,742

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-02-01	$37.24	$35.00	50.5%	14.5%	51.6%	52.2%	47.0%	15.4%	-0.3%	914.7K	-9.4M	-260.1K	1.40	42.06	N/A	N/A	4,276	5,966	30,984	21,990
2022-02-02	$37.90	$36.50	48.0%	13.8%	52.3%	47.2%	47.2%	15.4%	-0.8%	948.2K	-15.2M	-264.4K	1.50	24.28	N/A	N/A	3,504	5,268	30,794	22,590
2022-02-03	$34.95	$38.00	62.3%	16.3%	55.9%	76.0%	55.7%	20.8%	-2.1%	534.4K	8.5M	-236.3K	1.60	11.80	N/A	N/A	3,730	5,964	31,018	23,064
2022-02-04	$35.94	$38.00	51.9%	15.0%	57.4%	55.0%	53.5%	18.4%	0.8%	667.8K	2.4M	-246.2K	1.21	15.57	N/A	N/A	3,484	4,224	31,290	24,198
2022-02-07	$35.16	$37.50	55.4%	15.4%	57.5%	62.0%	53.3%	18.2%	-0.9%	627.1K	9.2M	-226.1K	1.30	18.00	N/A	N/A	3,116	4,058	31,736	24,164
2022-02-08	$35.80	$37.50	49.7%	14.4%	58.2%	50.5%	52.8%	17.3%	-0.2%	791.7K	4.6M	-227.7K	1.34	15.96	N/A	N/A	3,018	4,050	31,818	24,272
2022-02-09	$37.27	$37.50	46.6%	13.3%	58.8%	44.1%	50.3%	15.8%	0.7%	1.1M	-8.8M	-242.5K	1.18	17.74	N/A	N/A	3,158	3,742	32,154	24,702
2022-02-10	$35.50	$37.50	54.9%	15.7%	60.3%	61.0%	57.3%	17.4%	-2.7%	758.5K	6.0M	-228.4K	1.32	18.34	N/A	N/A	3,340	4,404	32,652	24,952
2022-02-11	$33.47	$37.50	62.1%	17.8%	61.4%	75.6%	59.5%	22.6%	-4.1%	185.6K	24.2M	-199.6K	1.18	27.67	N/A	N/A	3,954	4,680	33,078	25,076
2022-02-14	$33.47	$37.00	62.4%	17.9%	61.2%	76.1%	59.1%	21.6%	-3.3%	222.8K	23.4M	-194.4K	0.91	25.31	N/A	N/A	4,528	4,138	33,424	25,186
2022-02-15	$34.98	$37.00	55.1%	15.8%	61.8%	61.4%	57.2%	20.9%	-2.0%	840.2K	12.4M	-206.4K	1.10	22.29	N/A	N/A	3,816	4,200	33,814	25,188
2022-02-16	$35.24	$37.00	52.9%	15.2%	61.9%	57.0%	59.3%	18.9%	-0.8%	1.0M	10.9M	-206.2K	2.62	22.64	N/A	N/A	2,784	7,302	34,138	25,536
2022-02-17	$33.37	$36.50	57.6%	16.5%	63.9%	66.4%	59.4%	21.2%	-2.0%	-180.8K	30.8M	-188.4K	1.98	21.65	N/A	N/A	2,604	5,160	34,276	26,814
2022-02-18	$32.55	$36.50	59.9%	17.2%	61.6%	71.2%	63.2%	21.1%	-2.5%	-1.6M	36.7M	-183.0K	1.20	25.26	N/A	N/A	5,436	6,542	34,446	28,008
2022-02-22	$31.84	$35.00	63.6%	18.2%	61.7%	78.5%	61.4%	20.8%	-5.6%	-155.3K	19.8M	-179.3K	1.22	34.60	N/A	N/A	3,770	4,610	18,994	18,116
2022-02-23	$30.18	$34.50	68.9%	19.7%	64.0%	89.3%	62.4%	18.8%	-5.9%	-146.9K	24.7M	-163.0K	0.86	33.30	N/A	N/A	5,526	4,728	20,038	19,036
2022-02-24	$31.89	$32.50	62.7%	18.0%	67.3%	76.9%	60.1%	20.0%	-5.5%	109.0K	15.2M	-191.2K	0.61	31.36	N/A	N/A	6,796	4,124	22,980	19,106
2022-02-25	$32.94	$32.50	57.9%	16.6%	68.4%	67.1%	58.0%	20.2%	-3.5%	76.5K	12.8M	-201.9K	0.93	30.11	N/A	N/A	3,804	3,544	22,750	19,546
2022-02-28	$32.87	$32.50	62.2%	17.8%	67.3%	75.7%	64.7%	17.8%	-8.0%	62.8K	11.2M	-204.9K	0.95	56.44	N/A	N/A	3,880	3,688	23,014	19,728