QLD Options History — March 2022

In March 2022, QLD traded between $27.89 and $37.87. ATM implied volatility averaged 58.1%, placing in the 61.6% IV rank vs the trailing year. The 30-day expected move averaged 17.0%. IV traded below realized volatility by 7.0% (HV 20d: 65.1%). Max pain ranged from $28.50 to $39.50. Net GEX was positive for 17 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.75.

Notable Days

  • 2022-03-09: Highest Volume — 15,116 contracts
  • 2022-03-16: Largest IV drop — 16.3% change
  • 2022-03-07: Highest IV Rank — 100.0%
  • 2022-03-08: Largest Expected Move — 23.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.75$27.89$37.87$31.96$36.42
Max Pain$33.43$28.50$39.50$32.50$33.50
ATM IV58.1%43.1%80.4%72.3%47.8%
Expected Move17.0%12.9%23.3%20.7%14.0%
HV 20d65.1%59.8%69.9%62.2%62.6%
HV 60d56.8%52.3%60.3%53.4%60.3%
IV Rank61.6%32.9%100.0%96.2%41.4%
IV Percentile86.7%64.7%100.0%99.2%75.8%
Term Structure-2.9%-9.0%1.7%-9.0%1.3%
VWIV58.3%47.1%72.8%72.8%55.7%
Skew 25d17.2%10.3%22.8%22.8%10.6%
Skew 10d31.2%20.2%39.9%38.0%22.1%
Call IV 25d48.9%39.9%60.6%60.4%43.5%
Put IV 25d66.1%50.4%83.2%83.2%54.1%
Bid-Ask Spread %31.507.0361.9542.5217.80
Gamma HHI0.100.050.460.050.07
Net GEX307.7K-148.5K2.3M4.8K515.8K
Net DEX8.4M-24.2M32.9M15.6M-14.5M
Net VEX-195.0K-246.0K-137.9K-199.9K-246.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.251.271.080.62
Total Volume7,242.2615,35015,1166,4585,350
Total OI46,133.47838,10252,98443,05647,748

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$31.96$32.5072.3%20.7%62.2%96.2%72.8%22.8%-9.0%4.8K15.6M-199.9K1.0842.52N/AN/A3,1123,34622,95620,100
2022-03-02$33.48$32.5062.2%17.8%64.5%75.8%65.6%20.8%-2.5%56.6K9.5M-214.1K0.9638.77N/AN/A3,8003,64423,21820,236
2022-03-03$32.07$32.5066.6%19.1%65.2%84.8%68.7%21.4%-5.3%-11.0K16.8M-197.3K1.2743.85N/AN/A2,8723,64223,20020,460
2022-03-04$31.22$32.5071.5%20.5%59.8%94.6%69.1%22.4%-7.4%-49.6K20.8M-186.6K1.1437.99N/AN/A2,9623,36623,29820,642
2022-03-07$29.35$32.5080.4%23.1%61.6%100.0%68.6%22.5%-8.7%-136.3K27.6M-161.2K0.4151.04N/AN/A8,0943,28623,30420,830
2022-03-08$29.01$32.5068.4%23.3%61.4%78.4%72.4%22.1%-8.5%99.2K27.5M-161.2K0.5653.07N/AN/A5,8203,24428,65621,156
2022-03-09$31.04$32.5066.9%20.9%66.6%75.8%64.2%20.5%-7.2%670.8K15.5M-192.5K0.2554.27N/AN/A12,1182,99831,71621,268
2022-03-10$30.18$32.5065.0%20.8%64.6%72.3%70.3%20.3%-6.1%60.6K24.7M-169.4K1.1059.50N/AN/A2,8483,12626,49821,414
2022-03-11$29.15$32.5062.6%21.2%63.7%68.0%70.8%18.7%-4.7%-66.1K28.9M-154.6K1.1161.95N/AN/A3,0623,38426,58421,506
2022-03-14$27.89$39.5071.3%18.0%62.4%83.7%54.3%18.0%-8.5%-148.5K32.9M-137.9K0.5147.58N/AN/A4,3662,21626,80221,728
2022-03-15$29.52$39.5063.7%16.8%66.6%70.0%54.5%18.6%-5.2%-42.7K26.0M-156.8K0.5741.91N/AN/A3,6382,05827,90621,758
2022-03-16$31.34$39.5053.3%15.2%68.3%51.3%50.3%17.5%-0.5%241.2K16.7M-172.6K0.5741.49N/AN/A3,8962,22628,69421,912
2022-03-17$32.47$0.0051.9%15.0%69.7%48.8%57.4%17.2%0.2%670.8K9.4M-180.6K0.867.17N/AN/A3,6663,16628,95822,438
2022-03-18$33.82$28.5048.2%14.2%68.8%42.1%55.2%15.4%0.9%2.3M-5.0M-193.9K0.607.03N/AN/A4,8802,95028,61022,608
2022-03-21$33.34$29.5051.9%14.6%68.4%48.7%51.3%16.5%-0.9%88.5K6.7M-190.1K0.7317.41N/AN/A3,3702,47621,15016,952
2022-03-22$35.05$30.0049.2%14.1%69.9%43.9%49.0%14.2%-0.1%148.0K-1.4M-211.3K0.6012.98N/AN/A5,0042,98022,26817,786
2022-03-23$34.36$34.5050.7%14.4%67.1%46.6%48.0%14.9%-0.2%318.4K-21.3K-212.8K0.7214.96N/AN/A4,0362,91424,49018,112
2022-03-24$35.30$33.5048.2%13.9%65.1%42.1%47.8%14.0%0.0%390.7K-5.8M-223.5K0.7112.76N/AN/A3,4262,43625,01218,408
2022-03-25$35.16$34.0048.2%13.9%64.4%42.1%47.1%14.0%0.7%364.7K-4.2M-221.8K0.6514.59N/AN/A3,4442,22425,23218,796
2022-03-28$36.41$34.0046.4%13.6%65.3%38.8%47.4%12.7%1.0%429.7K-12.8M-227.8K1.0214.03N/AN/A3,4403,52025,40619,068
2022-03-29$37.87$33.5043.1%12.9%65.2%32.9%48.6%10.5%1.7%550.3K-24.2M-236.2K0.8115.81N/AN/A3,9643,21625,97019,472
2022-03-30$36.85$33.5046.4%13.5%64.7%38.8%51.3%10.3%1.4%583.0K-18.4M-236.1K0.5215.95N/AN/A4,6002,38627,14219,602
2022-03-31$36.42$33.5047.8%14.0%62.6%41.4%55.7%10.6%1.3%515.8K-14.5M-246.0K0.6217.80N/AN/A3,3022,04827,61820,130