QLD Options History — April 2023

In April 2023, QLD traded between $23.08 and $24.74. ATM implied volatility averaged 41.0%, placing in the 2.8% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 8.3% (HV 20d: 32.7%). Max pain ranged from $19.50 to $23.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 0.78.

Notable Days

  • 2023-04-21: Highest Volume — 6,920 contracts
  • 2023-04-25: Largest IV spike — 14.1% change
  • 2023-04-25: Highest IV Rank — 11.1%
  • 2023-04-10: Largest Expected Move — 13.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.12$23.08$24.74$24.64$24.74
Max Pain$22.13$19.50$23.00$20.00$22.50
ATM IV41.0%37.7%45.2%41.5%37.7%
Expected Move11.9%10.8%13.1%11.9%10.8%
HV 20d32.7%27.7%40.6%40.6%32.0%
HV 60d41.8%39.1%43.6%43.6%39.1%
IV Rank2.8%0.0%11.1%0.0%0.0%
IV Percentile1.5%0.0%6.7%0.0%0.0%
Term Structure1.1%-0.7%3.8%3.0%1.0%
VWIV41.8%36.1%47.1%40.6%38.8%
Skew 25d10.4%7.3%12.8%7.5%8.9%
Skew 10d21.9%13.8%29.3%17.0%18.6%
Call IV 25d37.0%33.4%40.2%37.8%33.4%
Put IV 25d47.4%42.3%51.5%45.3%42.3%
Bid-Ask Spread %34.5120.5547.9246.4734.59
Gamma HHI0.150.080.240.160.12
Net GEX915.6K354.2K1.3M1.1M755.4K
Net DEX-31.5M-39.9M-15.3M-39.9M-25.5M
Net VEX-152.2K-167.0K-131.6K-166.6K-143.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.232.090.350.49
Total Volume2,158.9477266,9201,8561,000
Total OI45,363.36831,25251,67246,74436,842

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$24.64$20.0041.5%11.9%40.6%0.0%40.6%7.5%3.0%1.1M-39.9M-166.6K0.3546.47N/AN/A1,37248433,70813,036
2023-04-04$24.32$20.0041.5%11.9%39.4%0.0%43.1%8.2%3.5%1.1M-38.6M-164.4K1.0647.92N/AN/A1,1421,21634,22813,092
2023-04-05$23.98$19.5041.8%12.0%40.1%0.5%41.8%7.3%3.8%1.1M-34.7M-161.2K0.2733.60N/AN/A2,97679834,52812,982
2023-04-06$24.32$22.0039.7%12.6%36.7%0.0%43.9%11.1%0.3%1.1M-37.5M-167.0K1.7226.04N/AN/A38866834,55813,580
2023-04-10$24.19$22.5043.1%13.1%33.7%5.5%44.6%11.3%-0.5%1.1M-36.4M-161.9K0.7628.69N/AN/A83463434,61213,782
2023-04-11$23.98$22.5041.3%12.8%33.3%2.6%43.3%11.5%0.4%1.1M-35.2M-159.3K0.9127.09N/AN/A50646234,77213,748
2023-04-12$23.60$23.0045.2%12.9%33.8%9.0%47.1%11.4%-0.5%963.7K-31.0M-153.9K2.0933.61N/AN/A7621,59634,86013,886
2023-04-13$24.50$23.0042.7%12.2%35.5%4.9%43.9%10.1%0.8%1.2M-38.8M-160.8K1.1920.55N/AN/A1,0901,29434,93414,884
2023-04-14$24.36$23.0040.8%11.7%30.1%1.8%43.9%10.5%1.4%1.2M-37.5M-158.5K0.8740.10N/AN/A73864235,30414,958
2023-04-17$24.30$22.5039.8%11.4%29.7%0.1%42.7%9.3%0.9%1.2M-36.7M-152.5K0.4439.21N/AN/A98043235,25015,118
2023-04-18$24.36$22.5038.9%11.2%29.7%0.0%39.7%10.0%2.2%1.2M-36.6M-152.2K0.5124.13N/AN/A73837435,14815,146
2023-04-19$24.36$22.5038.1%10.9%27.7%0.0%36.1%10.1%2.5%1.3M-36.8M-151.2K0.3930.39N/AN/A91835635,28015,194
2023-04-20$23.86$22.5040.4%11.6%28.6%3.6%42.1%11.9%0.6%821.4K-31.2M-146.3K0.8433.18N/AN/A1,3301,12035,79015,274
2023-04-21$23.93$22.5039.3%11.3%28.6%1.9%37.2%10.9%0.6%732.5K-32.0M-148.5K0.3937.36N/AN/A4,9721,94835,80615,866
2023-04-24$23.89$22.5039.4%11.3%28.6%2.1%37.3%10.8%1.5%409.0K-17.1M-131.6K0.2340.52N/AN/A4,07295221,3649,888
2023-04-25$23.08$22.5045.0%12.9%31.1%11.1%45.6%12.8%-0.7%370.4K-15.3M-133.9K1.1839.73N/AN/A72085023,69810,404
2023-04-26$23.27$22.5043.1%12.4%30.4%8.0%44.3%12.6%-0.1%354.2K-15.8M-137.1K0.9041.79N/AN/A38234423,84011,154
2023-04-27$24.55$22.5039.7%11.4%32.3%2.6%38.1%10.8%0.2%589.2K-22.7M-141.2K0.2530.67N/AN/A1,54438624,06611,324
2023-04-28$24.74$22.5037.7%10.8%32.0%0.0%38.8%8.9%1.0%755.4K-25.5M-143.6K0.4934.59N/AN/A67033025,40611,436