QLD Options History — March 2023

In March 2023, QLD traded between $19.98 and $24.65. ATM implied volatility averaged 51.3%, placing in the 15.0% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 9.1% (HV 20d: 42.2%). Max pain ranged from $17.50 to $21.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 0.64.

Notable Days

  • 2023-03-17: Highest Volume — 5,026 contracts
  • 2023-03-13: Largest IV spike — 21.9% change
  • 2023-03-13: Highest IV Rank — 59.5%
  • 2023-03-13: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.16$19.98$24.65$20.55$24.65
Max Pain$18.52$17.50$21.50$21.50$19.50
ATM IV51.3%41.8%76.7%51.8%41.8%
Expected Move13.8%12.0%15.4%14.9%12.0%
HV 20d42.2%38.8%48.6%48.6%40.5%
HV 60d46.2%43.0%48.3%47.6%43.8%
IV Rank15.0%0.0%59.5%15.8%0.0%
IV Percentile22.4%0.0%96.0%23.8%0.0%
Term Structure0.1%-3.0%3.4%-2.3%3.1%
VWIV47.9%43.5%57.6%47.9%44.2%
Skew 25d11.3%7.7%14.5%9.7%7.7%
Skew 10d21.4%13.3%29.1%16.2%17.8%
Call IV 25d42.6%37.9%47.2%46.5%38.3%
Put IV 25d53.9%46.0%59.5%56.3%46.0%
Bid-Ask Spread %44.5413.7061.1152.4831.33
Gamma HHI0.130.060.680.060.15
Net GEX680.2K213.5K2.2M298.4K1.0M
Net DEX-22.4M-40.5M-8.9M-10.6M-40.5M
Net VEX-145.8K-168.0K-121.8K-130.5K-168.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.111.960.380.76
Total Volume2,567.2179165,0262,2282,684
Total OI42,939.47836,88246,23639,94446,236

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$20.55$21.5051.8%14.9%48.6%15.8%47.9%9.7%-2.3%298.4K-10.6M-130.5K0.3852.48N/AN/A1,61861028,45811,486
2023-03-02$20.91$21.0050.9%14.6%43.4%14.1%49.3%8.0%-3.0%374.5K-14.2M-134.5K0.4631.42N/AN/A73233829,30011,526
2023-03-03$21.70$21.0047.9%13.7%42.3%8.9%46.4%9.1%-1.7%522.6K-18.9M-140.4K0.8949.96N/AN/A1,9001,68629,38811,698
2023-03-06$21.80$17.5049.7%12.9%41.5%12.0%44.6%9.1%0.1%639.7K-20.4M-140.2K0.4048.25N/AN/A1,30852630,73212,626
2023-03-07$21.24$17.5053.2%13.5%42.1%18.2%46.4%9.0%-0.5%523.1K-16.7M-135.1K0.8043.22N/AN/A70856430,86211,966
2023-03-08$21.46$17.5052.1%13.1%39.2%16.3%46.6%9.6%-0.1%567.0K-17.8M-135.0K0.3853.02N/AN/A66225430,89611,982
2023-03-09$20.65$17.5060.9%14.6%39.6%31.7%49.5%10.1%-2.1%391.6K-13.4M-130.1K0.9139.83N/AN/A1,00491231,09811,932
2023-03-10$19.98$17.5062.9%15.3%40.6%35.3%50.6%12.3%-2.3%213.5K-8.9M-121.8K0.3619.73N/AN/A2,10675231,18812,260
2023-03-13$20.60$18.0076.7%15.4%42.4%59.5%53.4%12.9%-2.6%313.8K-12.5M-130.7K0.5959.86N/AN/A89452631,47212,618
2023-03-14$21.07$17.5062.1%14.3%41.6%33.8%47.3%11.8%-1.5%409.4K-15.1M-132.3K0.4056.38N/AN/A1,91677231,83612,714
2023-03-15$21.39$18.0051.1%14.6%41.4%14.4%57.6%14.2%-0.8%510.2K-17.4M-138.8K1.9655.63N/AN/A50899631,81812,894
2023-03-16$22.67$18.0047.9%13.7%46.8%8.8%47.9%13.2%1.9%1.2M-27.5M-145.9K0.3552.63N/AN/A2,32481631,83613,280
2023-03-17$22.42$18.0051.5%14.8%45.8%15.1%51.8%14.3%1.1%2.2M-25.8M-145.9K0.4149.75N/AN/A3,5741,45232,52012,818
2023-03-20$22.55$18.0050.4%14.4%45.1%13.2%50.8%14.5%0.3%447.1K-22.4M-147.8K0.1949.79N/AN/A2,47446826,85810,024
2023-03-21$23.30$18.0046.5%13.3%43.4%6.3%46.4%12.7%0.7%594.0K-27.6M-154.3K0.1148.19N/AN/A4,11847228,76810,258
2023-03-22$23.07$18.0047.3%13.6%43.4%7.8%45.1%11.1%1.0%659.5K-27.9M-159.4K0.3560.97N/AN/A2,8661,00630,18810,320
2023-03-23$23.15$18.0050.1%14.4%42.6%12.6%49.9%13.4%0.4%722.3K-28.6M-161.7K0.4761.11N/AN/A3,1161,46231,84610,792
2023-03-24$23.25$18.5048.6%13.9%38.8%10.1%49.5%13.0%1.3%745.1K-29.5M-162.6K1.7748.91N/AN/A51290832,16210,996
2023-03-27$23.05$18.5046.0%13.2%38.9%5.4%43.9%11.9%1.6%745.1K-27.9M-159.2K0.7944.63N/AN/A1,11488232,20211,500
2023-03-28$22.60$19.0046.2%13.2%39.8%5.8%43.5%11.0%2.1%706.5K-25.3M-154.4K0.2117.01N/AN/A1,54232832,49611,794
2023-03-29$23.61$19.0043.4%12.4%41.3%0.9%45.8%10.9%2.7%873.1K-31.8M-160.0K0.8013.70N/AN/A1,4721,18232,57211,982
2023-03-30$23.97$19.0042.0%12.0%41.2%0.0%44.3%9.6%3.4%947.9K-35.2M-165.3K0.9036.74N/AN/A1,5661,41632,95212,458
2023-03-31$24.65$19.5041.8%12.0%40.5%0.0%44.2%7.7%3.1%1.0M-40.5M-168.0K0.7631.33N/AN/A1,5261,15833,51412,722