QLD Options History — November 2023

In November 2023, QLD traded between $29.22 and $34.81. ATM implied volatility averaged 32.6%, placing in the 3.2% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 6.1% (HV 20d: 38.7%). Max pain ranged from $27.50 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.59.

Notable Days

  • 2023-11-17: Highest Volume — 6,918 contracts
  • 2023-11-02: Largest IV drop — 9.2% change
  • 2023-11-01: Highest IV Rank — 13.7%
  • 2023-11-01: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.01$29.22$34.81$29.22$34.11
Max Pain$28.14$27.50$30.00$27.50$30.00
ATM IV32.6%28.9%40.3%40.3%31.6%
Expected Move9.4%8.3%11.6%11.6%9.1%
HV 20d38.7%29.4%44.4%40.1%29.4%
HV 60d36.5%34.9%38.1%36.2%34.9%
IV Rank3.2%0.0%13.7%13.7%3.9%
IV Percentile7.2%0.0%42.5%42.5%4.4%
Term Structure0.4%-0.4%1.8%-0.1%-0.3%
VWIV34.1%30.5%38.8%37.5%31.0%
Skew 25d5.8%3.8%9.3%9.3%4.6%
Skew 10d13.1%9.3%18.4%16.7%10.8%
Call IV 25d30.4%27.1%35.4%35.4%29.7%
Put IV 25d36.2%31.3%44.7%44.7%34.4%
Bid-Ask Spread %32.8220.4549.2944.6224.88
Gamma HHI0.090.070.100.100.09
Net GEX1.9M1.4M2.7M1.4M1.5M
Net DEX-79.7M-114.6M-35.1M-35.1M-74.2M
Net VEX-181.7K-192.0K-171.7K-173.2K-192.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.053.830.171.47
Total Volume3,117.9051,3786,9183,9741,614
Total OI56,040.38148,52465,49850,41455,414

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$29.22$27.5040.3%11.6%40.1%13.7%37.5%9.3%-0.1%1.4M-35.1M-173.2K0.1744.62N/AN/A3,39857634,61415,800
2023-11-02$30.20$27.5036.6%10.7%41.8%8.3%38.8%8.0%0.7%1.9M-48.4M-179.8K0.5349.29N/AN/A1,64086836,68215,884
2023-11-03$30.95$27.5033.4%10.2%41.0%3.7%35.7%8.0%0.4%2.1M-58.3M-182.0K0.4738.33N/AN/A1,57274237,47616,066
2023-11-06$31.04$27.5034.8%10.2%41.0%5.7%34.9%7.4%0.5%2.1M-58.9M-176.5K0.8533.57N/AN/A88675437,76616,174
2023-11-07$31.86$27.5033.1%9.9%41.7%3.1%38.6%7.3%0.4%2.0M-70.0M-171.7K0.3530.04N/AN/A3,7321,30037,95016,470
2023-11-08$31.80$27.5033.6%9.6%41.5%3.9%36.7%6.9%0.4%2.5M-73.7M-178.2K0.1821.07N/AN/A3,06055240,88016,794
2023-11-09$31.23$27.5036.0%10.3%42.0%7.4%37.5%8.2%-0.4%2.7M-71.0M-187.8K0.3925.82N/AN/A2,25487243,48416,792
2023-11-10$32.66$27.5033.8%9.7%43.5%4.3%35.6%6.1%0.4%2.4M-93.3M-181.2K0.3544.63N/AN/A3,1181,08244,06216,824
2023-11-13$32.56$27.5034.4%9.9%42.5%5.1%35.2%6.2%-0.4%2.5M-92.9M-178.0K0.2227.33N/AN/A2,50254644,61417,130
2023-11-14$33.95$27.5032.2%9.2%44.4%1.9%34.8%4.5%0.6%2.0M-114.6M-174.4K0.3231.55N/AN/A4,3361,39245,99017,218
2023-11-15$33.94$28.0031.6%9.1%42.8%1.0%33.1%4.4%0.9%2.0M-113.0M-178.8K0.2743.64N/AN/A3,18284846,26017,746
2023-11-16$33.95$28.0031.4%9.0%41.9%0.7%32.9%5.4%0.8%1.7M-114.2M-186.6K0.4744.43N/AN/A1,19456047,17218,326
2023-11-17$33.88$28.0031.1%8.9%40.3%0.3%32.9%5.0%0.9%1.6M-114.0M-181.2K0.0533.07N/AN/A6,60231647,09818,318
2023-11-20$34.81$28.0030.9%8.9%40.9%0.0%32.1%4.5%0.3%1.6M-79.2M-185.1K0.8726.00N/AN/A1,1941,04034,58813,936
2023-11-21$34.30$28.0031.2%8.9%41.6%0.4%31.9%4.9%0.3%1.6M-75.1M-184.3K0.1820.45N/AN/A1,59628635,06414,548
2023-11-22$34.63$28.0029.8%8.5%35.1%0.0%30.5%5.5%0.5%1.7M-78.6M-185.2K0.2628.85N/AN/A1,87648235,44214,632
2023-11-24$34.45$28.0028.9%8.3%30.3%0.0%31.1%4.0%1.8%1.7M-77.0M-185.1K3.8325.37N/AN/A3901,49235,70414,860
2023-11-27$34.56$30.0029.7%8.5%30.4%1.2%31.1%4.2%0.4%1.5M-77.3M-182.5K0.4232.53N/AN/A97040835,78616,294
2023-11-28$34.52$30.0029.4%8.4%30.0%0.7%30.9%4.0%0.3%1.6M-78.0M-182.9K0.5030.85N/AN/A2,6101,29836,45416,468
2023-11-29$34.52$30.0030.9%8.9%30.2%2.9%32.3%3.8%-0.3%1.4M-77.7M-188.2K0.3632.98N/AN/A1,71662036,61817,450
2023-11-30$34.11$30.0031.6%9.1%29.4%3.9%31.0%4.6%-0.3%1.5M-74.2M-192.0K1.4724.88N/AN/A65496037,53217,882