QLD Options History — February 2023

In February 2023, QLD traded between $20.52 and $23.41. ATM implied volatility averaged 51.0%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 2.1% (HV 20d: 48.9%). Max pain ranged from $18.00 to $21.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.42.

Notable Days

  • 2023-02-02: Highest Volume — 8,044 contracts
  • 2023-02-21: Largest IV spike — 13.6% change
  • 2023-02-06: Highest IV Rank — 24.8%
  • 2023-02-21: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.09$20.52$23.41$22.38$20.95
Max Pain$20.63$18.00$21.50$18.00$21.50
ATM IV51.0%45.1%57.0%49.6%50.2%
Expected Move14.2%12.9%15.7%14.2%14.4%
HV 20d48.9%44.1%52.1%44.1%48.6%
HV 60d51.0%47.6%55.9%55.2%47.6%
IV Rank14.3%3.8%24.8%11.8%13.0%
IV Percentile19.2%1.2%39.3%13.9%16.7%
Term Structure-1.6%-4.8%0.8%-4.8%-2.4%
VWIV49.9%45.4%54.1%49.6%48.8%
Skew 25d10.4%8.7%13.2%8.7%9.5%
Skew 10d17.6%-2.2%23.6%-2.2%15.2%
Call IV 25d44.9%40.8%47.8%45.6%45.8%
Put IV 25d55.3%50.6%60.6%54.3%55.4%
Bid-Ask Spread %29.5314.2353.2841.3747.51
Gamma HHI0.090.070.150.100.07
Net GEX609.9K264.8K1.0M649.5K337.3K
Net DEX-23.8M-34.7M-9.0M-28.5M-11.2M
Net VEX-140.8K-150.7K-130.2K-138.8K-131.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.130.900.260.13
Total Volume2,811.2631,0148,0442,6741,512
Total OI41,312.52635,78247,67437,89839,102

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$22.38$18.0049.6%14.2%44.1%11.8%49.6%8.7%-4.8%649.5K-28.5M-138.8K0.2641.37N/AN/A2,11855627,86210,036
2023-02-02$23.41$20.0052.6%13.5%45.0%17.2%48.2%8.7%-1.3%662.8K-34.6M-144.6K0.5925.82N/AN/A5,0482,99628,47010,096
2023-02-03$22.82$20.0052.6%13.7%46.2%17.0%51.3%9.2%-1.4%680.8K-31.1M-145.8K0.5227.06N/AN/A2,2121,15829,27610,320
2023-02-06$22.45$20.0057.0%14.0%44.9%24.8%48.6%9.7%-1.2%651.8K-28.3M-143.1K0.7725.59N/AN/A99476829,72011,184
2023-02-07$23.38$20.0054.0%13.8%46.1%19.6%48.5%8.8%-1.4%728.6K-34.7M-150.7K0.3425.03N/AN/A1,11438430,28611,628
2023-02-08$22.57$20.0050.6%14.5%49.1%13.6%52.6%9.5%-2.1%672.9K-29.5M-144.8K0.2629.91N/AN/A2,34861230,40811,702
2023-02-09$22.15$20.5052.7%15.1%49.4%17.4%53.2%10.4%-2.3%671.1K-26.3M-144.4K0.3526.32N/AN/A1,50652631,21011,996
2023-02-10$21.85$20.0051.3%14.7%50.0%14.9%54.1%9.9%-2.4%649.0K-24.2M-139.5K0.5919.65N/AN/A1,7361,02031,30612,048
2023-02-13$22.53$20.0051.7%14.8%50.6%15.6%51.6%9.9%-2.1%725.8K-29.1M-144.8K0.3916.22N/AN/A1,97677031,42212,994
2023-02-14$22.96$21.0045.9%13.2%50.7%5.3%49.8%10.3%0.8%972.7K-33.0M-145.0K0.5122.66N/AN/A1,86895832,39013,292
2023-02-15$23.08$21.0045.1%12.9%49.5%3.8%45.4%9.8%0.6%1.0M-34.4M-144.8K0.3225.57N/AN/A1,84458632,43213,388
2023-02-16$22.41$21.0047.3%13.6%50.5%7.8%48.9%12.3%-0.1%1.0M-28.9M-143.4K0.9032.61N/AN/A2,8122,51833,37013,588
2023-02-17$21.95$21.5048.2%13.8%49.8%9.3%49.2%12.7%0.1%598.8K-23.7M-140.5K0.4925.50N/AN/A2,6601,29233,59814,076
2023-02-21$21.05$21.5054.7%15.7%50.3%20.8%52.3%13.2%-3.1%298.2K-11.5M-134.5K0.3931.31N/AN/A2,02678225,11410,668
2023-02-22$20.85$21.5053.0%15.2%50.4%17.9%50.8%12.5%-2.1%284.4K-10.9M-136.1K0.2633.32N/AN/A1,45638026,04611,132
2023-02-23$21.42$21.5049.0%14.1%51.2%10.9%46.6%11.4%-1.0%379.7K-13.3M-138.4K0.3538.06N/AN/A1,11039426,54611,248
2023-02-24$20.52$21.5052.0%14.9%52.1%16.1%49.1%10.4%-1.8%264.8K-9.0M-130.2K0.2814.23N/AN/A1,84451626,93011,252
2023-02-27$20.91$21.5051.2%14.7%51.2%14.7%49.8%9.8%-2.1%318.2K-11.0M-134.3K0.2253.28N/AN/A82818627,27211,530
2023-02-28$20.95$21.5050.2%14.4%48.6%13.0%48.8%9.5%-2.4%337.3K-11.2M-131.3K0.1347.51N/AN/A1,33617627,55211,550