QLD Options History — August 2023

In August 2023, QLD traded between $29.93 and $34.34. ATM implied volatility averaged 37.6%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 3.8% (HV 20d: 33.8%). Max pain ranged from $27.50 to $33.50. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 0.69.

Notable Days

  • 2023-08-18: Highest Volume — 5,410 contracts
  • 2023-08-02: Largest IV spike — 14.5% change
  • 2023-08-17: Highest IV Rank — 13.9%
  • 2023-08-17: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.78$29.93$34.34$34.34$33.36
Max Pain$30.04$27.50$33.50$31.00$28.00
ATM IV37.6%31.8%41.1%33.9%31.8%
Expected Move10.8%9.1%11.8%9.7%9.1%
HV 20d33.8%29.2%38.8%31.9%35.6%
HV 60d33.7%32.2%34.7%32.8%34.7%
IV Rank8.7%0.2%13.9%3.2%0.2%
IV Percentile19.9%0.4%32.1%4.4%0.4%
Term Structure1.4%-0.4%3.9%1.2%2.2%
VWIV38.3%32.2%44.7%33.8%32.2%
Skew 25d8.1%4.1%10.4%4.1%4.4%
Skew 10d16.4%8.6%20.1%8.6%11.0%
Call IV 25d34.0%30.3%36.9%32.7%30.3%
Put IV 25d42.1%34.7%45.7%36.9%34.7%
Bid-Ask Spread %37.3915.2069.9038.0854.29
Gamma HHI0.130.070.570.100.17
Net GEX548.1K-136.6K2.2M494.5K1.4M
Net DEX-38.5M-60.3M-22.0M-54.5M-60.3M
Net VEX-187.2K-199.3K-178.5K-189.1K-186.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.181.430.770.33
Total Volume1,934.3485565,410556874
Total OI44,349.56538,20048,22242,95647,006

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$34.34$31.0033.9%9.7%31.9%3.2%33.8%4.1%1.2%494.5K-54.5M-189.1K0.7738.08N/AN/A31424226,36216,594
2023-08-02$32.81$31.5038.8%11.1%36.3%10.5%38.1%6.3%0.1%340.5K-42.6M-195.3K1.1124.00N/AN/A9801,09226,52616,748
2023-08-03$32.69$33.5040.3%11.4%35.6%12.7%38.7%9.4%-0.2%281.3K-41.0M-199.3K0.3915.20N/AN/A64825026,53417,410
2023-08-04$32.35$33.5037.9%11.1%35.9%9.2%38.1%10.0%0.9%248.9K-38.4M-198.9K1.0621.76N/AN/A57060626,75617,466
2023-08-07$32.78$33.0036.6%10.7%35.9%7.2%36.6%9.2%0.8%201.0K-42.4M-191.8K0.7324.96N/AN/A56641626,78217,686
2023-08-08$32.38$33.0038.1%11.0%36.1%9.5%40.4%9.9%0.3%155.3K-38.5M-192.6K0.9025.20N/AN/A1,1561,03627,01217,842
2023-08-09$31.77$33.0038.5%11.0%35.2%10.1%39.6%10.1%-0.4%39.8K-33.4M-192.6K0.3031.02N/AN/A1,06432226,81418,510
2023-08-10$31.64$33.0038.6%11.1%32.3%10.2%37.2%10.4%-0.3%187.2K-34.0M-190.6K0.6232.89N/AN/A67041627,65218,550
2023-08-11$31.32$32.5037.1%10.7%32.4%8.1%37.2%9.5%-0.1%16.8K-30.3M-184.3K0.4438.09N/AN/A1,11449427,62418,758
2023-08-14$31.93$32.5036.7%10.5%32.2%7.4%43.7%8.8%0.7%-136.6K-36.5M-179.9K0.2434.33N/AN/A2,82066827,45018,752
2023-08-15$31.24$29.0039.1%11.2%31.7%11.0%44.6%9.7%3.2%-55.8K-29.0M-180.5K0.2739.01N/AN/A1,96252227,63018,718
2023-08-16$30.78$27.5038.8%11.1%31.8%10.6%38.4%9.2%2.6%221.6K-28.5M-181.6K1.1134.00N/AN/A69877429,34018,882
2023-08-17$29.93$28.0041.1%11.8%29.2%13.9%41.0%8.8%-0.1%761.6K-22.0M-179.9K1.3239.40N/AN/A1,0501,39029,53218,682
2023-08-18$30.02$28.0039.7%11.4%29.4%11.9%44.7%9.1%1.5%2.2M-32.4M-181.8K0.3037.51N/AN/A4,1701,24029,66615,890
2023-08-21$30.91$28.0038.6%11.1%31.7%10.2%37.6%9.1%3.2%429.1K-32.2M-181.6K0.3742.05N/AN/A1,36650023,33414,866
2023-08-22$30.65$28.0040.2%11.5%30.7%12.6%39.7%7.9%1.8%580.3K-33.1M-186.7K0.7234.24N/AN/A56040425,26815,068
2023-08-23$31.80$28.0037.5%10.7%34.0%8.5%37.1%8.3%0.3%641.7K-39.8M-186.6K0.3438.83N/AN/A1,22042025,23015,206
2023-08-24$30.43$28.0040.4%11.6%37.0%12.8%41.1%7.8%2.1%631.7K-32.3M-186.1K0.2038.53N/AN/A2,23445626,10615,388
2023-08-25$30.93$28.0036.9%10.6%34.1%7.6%38.8%6.4%3.9%805.9K-37.1M-187.8K1.4350.53N/AN/A7681,09627,17815,478
2023-08-28$31.24$28.0036.9%10.6%34.6%7.7%34.1%6.4%3.1%822.8K-39.3M-185.0K1.3848.59N/AN/A41457227,46816,012
2023-08-29$32.67$28.0034.5%9.9%38.8%4.2%33.9%4.9%1.2%931.2K-50.6M-178.5K0.1847.67N/AN/A3,75469227,51616,190
2023-08-30$32.95$28.0032.7%9.4%35.4%1.6%33.6%5.5%3.7%1.4M-57.1M-189.2K1.3469.90N/AN/A8161,09430,18416,374
2023-08-31$33.36$28.0031.8%9.1%35.6%0.2%32.2%4.4%2.2%1.4M-60.3M-186.1K0.3354.29N/AN/A65621830,44216,564