QLD Options History — May 2022

In May 2022, QLD traded between $21.98 and $29.32. ATM implied volatility averaged 71.3%, placing in the 75.8% IV rank vs the trailing year. The 30-day expected move averaged 19.9%. IV traded below realized volatility by 11.4% (HV 20d: 82.7%). Max pain ranged from $22.50 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.50.

Notable Days

2022-05-05: Highest Volume — 13,242 contracts
2022-05-05: Largest IV spike — 25.5% change
2022-05-09: Highest IV Rank — 100.0%
2022-05-12: Largest Expected Move — 22.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.41	$21.98	$29.32	$27.15	$25.57
Max Pain	$24.00	$22.50	$30.00	$30.00	$22.50
ATM IV	71.3%	60.3%	88.2%	75.5%	64.2%
Expected Move	19.9%	17.3%	22.5%	21.7%	18.4%
HV 20d	82.7%	62.9%	91.5%	66.6%	87.6%
HV 60d	69.8%	63.0%	73.4%	63.3%	73.0%
IV Rank	75.8%	56.0%	100.0%	91.2%	62.2%
IV Percentile	93.2%	79.8%	100.0%	99.2%	86.5%
Term Structure	-4.5%	-7.5%	0.1%	-7.3%	-4.7%
VWIV	67.9%	58.7%	78.2%	75.0%	66.3%
Skew 25d	18.1%	13.2%	21.6%	21.0%	14.8%
Skew 10d	30.9%	24.2%	37.2%	37.2%	26.9%
Call IV 25d	60.0%	53.6%	66.5%	65.4%	56.9%
Put IV 25d	78.1%	67.5%	87.9%	86.4%	71.7%
Bid-Ask Spread %	45.04	25.43	64.52	40.80	42.42
Gamma HHI	0.09	0.05	0.15	0.05	0.11
Net GEX	250.6K	86.6K	546.9K	86.6K	546.9K
Net DEX	17.2M	-71.8K	29.0M	19.1M	-71.8K
Net VEX	-156.8K	-208.6K	-124.6K	-184.6K	-183.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.29	0.72	0.40	0.59
Total Volume	9,332.381	6,544	13,242	9,536	8,076
Total OI	58,073.714	49,886	67,734	49,886	55,042

Daily Data (21 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
2022-05-02	$27.15	$30.00	75.5%	21.7%	66.6%	91.2%	75.0%	21.0%	-7.3%	86.6K	19.1M	-184.6K	0.40	40.80	N/A	N/A	6,798	2,738	28,708	21,178
2022-05-03	$27.34	$29.50	72.5%	20.8%	62.9%	85.7%	78.2%	18.0%	-7.5%	108.1K	17.3M	-184.7K	0.52	25.43	N/A	N/A	4,688	2,438	29,658	21,470
2022-05-04	$29.32	$29.50	61.7%	17.7%	68.9%	66.4%	62.2%	14.9%	-3.5%	226.0K	7.8M	-208.6K	0.47	38.58	N/A	N/A	5,384	2,508	30,008	21,520
2022-05-05	$26.26	$25.00	77.4%	19.6%	77.1%	94.6%	67.3%	20.4%	-5.9%	123.3K	21.1M	-170.9K	0.29	27.79	N/A	N/A	10,232	3,010	31,348	21,724
2022-05-06	$25.75	$25.00	72.5%	18.9%	76.6%	85.7%	65.4%	20.0%	0.1%	164.5K	20.8M	-168.7K	0.49	34.67	N/A	N/A	5,474	2,698	34,570	21,878
2022-05-09	$23.81	$25.00	88.2%	21.5%	79.7%	100.0%	69.7%	21.6%	-6.6%	117.8K	26.5M	-138.6K	0.40	42.19	N/A	N/A	7,832	3,150	35,472	22,078
2022-05-10	$24.33	$25.00	87.4%	21.1%	79.6%	98.8%	75.5%	20.8%	-5.6%	212.8K	23.7M	-152.3K	0.51	36.65	N/A	N/A	7,546	3,816	37,946	22,268
2022-05-11	$22.92	$22.50	77.0%	22.1%	81.3%	82.4%	73.5%	20.0%	-5.4%	109.3K	29.0M	-135.2K	0.57	46.48	N/A	N/A	6,372	3,636	38,976	23,620
2022-05-12	$22.45	$22.50	78.3%	22.5%	78.0%	84.4%	76.2%	21.4%	-6.0%	144.6K	26.8M	-133.1K	0.72	47.17	N/A	N/A	6,022	4,324	40,678	23,122
2022-05-13	$24.49	$22.50	69.5%	19.9%	85.7%	70.6%	67.2%	19.9%	-5.1%	269.2K	16.3M	-169.9K	0.45	47.21	N/A	N/A	6,910	3,116	42,006	22,700
2022-05-16	$23.88	$22.50	69.0%	19.8%	85.9%	69.7%	63.4%	18.2%	-6.8%	277.8K	20.1M	-150.8K	0.58	48.21	N/A	N/A	4,846	2,822	42,962	22,864
2022-05-17	$25.02	$22.50	62.8%	18.0%	85.7%	60.0%	58.7%	17.3%	-2.0%	355.8K	13.0M	-169.3K	0.47	44.44	N/A	N/A	7,886	3,730	43,284	22,966
2022-05-18	$22.66	$22.50	72.6%	20.8%	91.0%	75.4%	73.4%	18.6%	-4.4%	229.0K	25.2M	-135.3K	0.59	45.74	N/A	N/A	6,196	3,670	42,694	23,246
2022-05-19	$22.66	$22.50	68.0%	19.5%	90.4%	68.1%	65.3%	19.3%	-2.1%	235.6K	24.1M	-130.8K	0.59	62.41	N/A	N/A	5,654	3,324	44,376	23,358
2022-05-20	$21.98	$22.50	66.7%	19.1%	90.0%	66.1%	65.6%	18.8%	-3.8%	289.3K	23.4M	-124.6K	0.43	51.24	N/A	N/A	8,302	3,556	45,032	22,590
2022-05-23	$22.78	$22.50	69.6%	20.0%	91.5%	70.8%	65.0%	16.6%	-4.9%	284.3K	12.6M	-140.2K	0.39	64.52	N/A	N/A	5,790	2,282	33,124	17,856
2022-05-24	$22.17	$22.50	69.2%	19.8%	89.8%	70.1%	66.2%	16.3%	-4.9%	254.7K	14.6M	-130.7K	0.58	60.32	N/A	N/A	4,270	2,496	33,166	17,848
2022-05-25	$22.65	$22.50	69.3%	19.9%	90.5%	70.3%	66.4%	15.6%	-4.1%	301.7K	12.4M	-139.0K	0.53	59.07	N/A	N/A	5,240	2,756	33,538	17,818
2022-05-26	$23.99	$22.50	64.7%	18.5%	89.5%	62.9%	64.6%	14.3%	-3.3%	414.4K	7.0M	-162.4K	0.55	41.34	N/A	N/A	4,230	2,314	34,966	18,180
2022-05-27	$25.33	$22.50	60.3%	17.3%	87.6%	56.0%	61.0%	13.2%	-1.8%	509.9K	876.5K	-180.9K	0.45	39.26	N/A	N/A	6,808	3,040	35,330	18,380
2022-05-31	$25.57	$22.50	64.2%	18.4%	87.6%	62.2%	66.3%	14.8%	-4.7%	546.9K	-71.8K	-183.1K	0.59	42.42	N/A	N/A	5,064	3,012	36,302	18,740