QLD Options History — August 2022

In August 2022, QLD traded between $23.45 and $28.92. ATM implied volatility averaged 51.9%, placing in the 42.8% IV rank vs the trailing year. The 30-day expected move averaged 14.9%. IV traded below realized volatility by 1.7% (HV 20d: 53.6%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.82.

Notable Days

2022-08-01: Highest Volume — 12,622 contracts
2022-08-10: Largest IV drop — 15.1% change
2022-08-29: Highest IV Rank — 57.2%
2022-08-29: Largest Expected Move — 17.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.54	$23.45	$28.92	$25.98	$23.50
Max Pain	$24.39	$20.00	$25.00	$20.00	$24.50
ATM IV	51.9%	45.4%	61.0%	53.0%	60.9%
Expected Move	14.9%	13.0%	17.5%	15.2%	17.4%
HV 20d	53.6%	46.9%	57.7%	54.7%	49.9%
HV 60d	64.7%	61.1%	73.2%	73.2%	62.2%
IV Rank	42.8%	32.5%	57.2%	44.5%	56.2%
IV Percentile	52.1%	35.3%	68.7%	57.1%	67.9%
Term Structure	1.2%	-4.2%	4.0%	-0.4%	0.9%
VWIV	53.1%	46.6%	59.3%	56.4%	57.2%
Skew 25d	11.9%	10.0%	13.7%	10.0%	12.6%
Skew 10d	21.9%	19.2%	27.8%	21.1%	23.9%
Call IV 25d	46.4%	41.1%	54.3%	48.5%	54.1%
Put IV 25d	58.3%	52.3%	66.8%	58.5%	66.7%
Bid-Ask Spread %	30.16	12.81	45.68	14.71	31.31
Gamma HHI	0.12	0.10	0.15	0.12	0.11
Net GEX	795.9K	287.2K	1.1M	919.3K	495.4K
Net DEX	-30.3M	-61.1M	1.4M	-27.6M	-742.3K
Net VEX	-237.5K	-256.6K	-198.5K	-232.8K	-198.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.14	2.07	1.41	1.29
Total Volume	5,442.522	882	12,622	12,622	10,496
Total OI	64,657.043	56,306	72,946	59,352	62,080

Daily Data (23 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
2022-08-01	$25.98	$20.00	53.0%	15.2%	54.7%	44.5%	56.4%	10.0%	-0.4%	919.3K	-27.6M	-232.8K	1.41	14.71	N/A	N/A	5,236	7,386	39,914	19,438
2022-08-02	$25.93	$22.00	54.2%	15.5%	54.3%	46.4%	58.2%	12.9%	-0.3%	819.2K	-27.1M	-237.4K	2.07	37.17	N/A	N/A	3,856	7,984	40,506	21,112
2022-08-03	$27.31	$22.50	50.6%	14.5%	56.3%	40.8%	52.0%	11.1%	-0.3%	798.7K	-38.0M	-247.9K	1.31	12.81	N/A	N/A	4,304	5,656	40,782	21,854
2022-08-04	$27.32	$24.00	50.3%	14.7%	55.6%	40.4%	55.7%	12.1%	1.0%	849.7K	-39.8M	-251.0K	1.20	28.78	N/A	N/A	4,942	5,930	41,596	22,148
2022-08-05	$26.95	$24.50	48.0%	14.4%	56.2%	36.7%	56.6%	12.6%	1.1%	912.7K	-36.4M	-245.1K	1.28	23.57	N/A	N/A	4,638	5,946	42,048	22,458
2022-08-08	$26.82	$24.50	51.8%	14.6%	52.7%	42.6%	57.3%	13.0%	0.9%	987.7K	-36.1M	-242.1K	1.41	28.93	N/A	N/A	4,046	5,696	42,638	22,480
2022-08-09	$26.20	$25.00	56.3%	15.3%	52.6%	49.7%	49.3%	12.1%	1.8%	985.7K	-31.1M	-238.8K	0.92	32.67	N/A	N/A	974	896	43,032	22,846
2022-08-10	$27.67	$25.00	47.8%	13.7%	54.8%	36.2%	46.6%	10.9%	2.9%	1.0M	-45.9M	-246.5K	0.52	34.96	N/A	N/A	2,780	1,440	43,238	23,232
2022-08-11	$27.27	$25.00	48.8%	14.0%	55.6%	37.9%	48.2%	11.9%	2.8%	986.0K	-42.1M	-246.8K	0.21	25.85	N/A	N/A	4,562	954	43,730	23,910
2022-08-12	$28.35	$24.50	47.0%	13.5%	56.0%	35.1%	50.9%	10.4%	2.3%	927.3K	-53.2M	-251.9K	0.14	27.91	N/A	N/A	3,698	516	44,768	24,558
2022-08-15	$28.92	$25.00	46.8%	13.4%	54.9%	34.8%	49.2%	10.8%	1.7%	968.2K	-61.1M	-256.5K	1.63	35.64	N/A	N/A	1,128	1,838	45,946	24,818
2022-08-16	$28.83	$25.00	45.7%	13.1%	51.8%	33.0%	49.7%	11.6%	3.0%	983.8K	-59.2M	-256.6K	0.42	37.46	N/A	N/A	2,174	924	46,118	25,736
2022-08-17	$28.13	$25.00	48.1%	13.8%	52.6%	36.9%	47.8%	11.3%	1.6%	1.1M	-52.7M	-254.0K	0.41	45.68	N/A	N/A	1,758	716	46,670	25,772
2022-08-18	$28.30	$25.00	45.4%	13.0%	52.3%	32.5%	49.2%	11.2%	4.0%	1.0M	-54.2M	-256.6K	0.55	42.03	N/A	N/A	1,868	1,032	46,484	26,204
2022-08-19	$27.10	$25.00	48.7%	14.0%	53.4%	37.7%	48.4%	12.1%	1.8%	287.2K	-38.9M	-243.0K	0.41	24.55	N/A	N/A	2,618	1,080	46,502	26,444
2022-08-22	$25.55	$25.00	55.1%	15.8%	57.7%	47.9%	56.0%	12.8%	1.2%	604.7K	-8.3M	-225.9K	0.85	17.78	N/A	N/A	1,588	1,342	36,396	19,910
2022-08-23	$25.61	$25.00	54.2%	15.5%	55.9%	46.4%	52.5%	11.9%	1.7%	607.7K	-9.4M	-229.6K	0.49	23.41	N/A	N/A	1,462	712	37,216	20,856
2022-08-24	$25.89	$25.00	51.9%	14.9%	46.9%	42.9%	57.7%	12.2%	3.8%	671.4K	-11.1M	-231.5K	0.24	27.18	N/A	N/A	1,610	384	37,672	20,974
2022-08-25	$26.55	$25.00	50.3%	14.4%	47.6%	40.3%	49.4%	12.1%	-0.4%	776.8K	-18.1M	-239.5K	0.40	29.44	N/A	N/A	628	254	39,070	21,064
2022-08-26	$24.55	$25.00	57.8%	16.6%	53.2%	52.1%	55.5%	13.7%	-1.3%	587.3K	-4.6M	-221.1K	0.43	35.93	N/A	N/A	3,786	1,628	39,426	21,146
2022-08-29	$24.16	$25.00	61.0%	17.5%	53.3%	57.2%	58.0%	12.4%	-4.2%	569.8K	-2.8M	-210.9K	0.57	35.77	N/A	N/A	1,918	1,092	40,118	21,586
2022-08-30	$23.45	$24.50	60.9%	17.5%	54.1%	56.4%	59.3%	12.5%	0.8%	495.7K	1.4M	-199.0K	0.71	40.16	N/A	N/A	998	704	41,034	21,582
2022-08-31	$23.50	$24.50	60.9%	17.4%	49.9%	56.2%	57.2%	12.6%	0.9%	495.4K	-742.3K	-198.5K	1.29	31.31	N/A	N/A	4,582	5,914	41,118	20,962