QLD Options History — February 2024

In February 2024, QLD traded between $40.02 and $42.98. ATM implied volatility averaged 32.7%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 1.3% (HV 20d: 34.1%). Max pain ranged from $40.00 to $41.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.78.

Notable Days

  • 2024-02-22: Highest Volume — 4,962 contracts
  • 2024-02-20: Largest IV spike — 9.6% change
  • 2024-02-20: Highest IV Rank — 19.4%
  • 2024-02-20: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.85$40.02$42.98$40.02$42.98
Max Pain$40.27$40.00$41.00$40.00$40.00
ATM IV32.7%30.9%36.7%33.1%31.1%
Expected Move9.4%8.9%10.5%9.4%8.9%
HV 20d34.1%29.4%40.0%29.8%36.7%
HV 60d28.6%26.2%30.8%27.7%30.8%
IV Rank11.4%7.8%19.4%12.2%8.1%
IV Percentile23.3%11.1%53.2%22.2%12.7%
Term Structure0.7%-3.5%3.3%0.4%1.0%
VWIV33.6%30.8%39.6%32.0%31.8%
Skew 25d4.8%2.9%7.3%6.7%3.9%
Skew 10d10.7%5.9%15.1%13.6%8.0%
Call IV 25d30.9%29.5%34.3%30.0%29.6%
Put IV 25d35.8%33.4%40.8%36.7%33.4%
Bid-Ask Spread %33.8217.7249.0223.5447.69
Gamma HHI0.160.070.300.070.24
Net GEX1.4M459.5K2.6M929.6K1.6M
Net DEX-75.2M-97.2M-41.5M-65.4M-72.7M
Net VEX-247.7K-257.8K-239.2K-254.4K-250.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.151.780.750.48
Total Volume2,1836444,9621,190860
Total OI46,789.837,69053,59245,37044,676

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$40.02$40.0033.1%9.4%29.8%12.2%32.0%6.7%0.4%929.6K-65.4M-254.4K0.7523.54N/AN/A68051028,66416,706
2024-02-02$41.47$40.0031.2%9.1%31.3%8.3%32.5%5.4%0.4%1.0M-79.4M-240.9K0.5625.03N/AN/A2,2801,27428,95216,850
2024-02-05$41.24$40.5032.8%9.2%31.3%11.5%33.8%5.5%0.3%1.3M-79.2M-242.6K1.0924.32N/AN/A30833630,17417,264
2024-02-06$40.81$40.5032.3%9.2%29.4%10.5%33.4%5.1%1.1%1.2M-73.9M-245.5K0.6827.21N/AN/A1,09674630,25817,636
2024-02-07$41.94$40.5030.9%8.9%30.4%7.8%32.3%4.1%1.5%1.4M-85.9M-239.4K0.4836.00N/AN/A1,52473830,43817,712
2024-02-08$41.98$40.5031.3%9.0%30.3%8.5%30.8%4.7%0.8%1.6M-88.0M-245.1K0.1530.64N/AN/A2,99243431,18417,794
2024-02-09$42.84$40.5031.1%8.9%30.8%8.1%32.0%3.6%3.3%1.9M-97.2M-239.2K0.9336.25N/AN/A1,07899832,17818,036
2024-02-12$42.55$40.5032.8%9.4%31.1%11.6%33.4%4.2%-3.5%1.9M-93.4M-243.6K0.4737.14N/AN/A2,1521,02232,28618,620
2024-02-13$40.95$40.5035.2%10.1%34.7%16.3%38.1%7.3%0.5%1.5M-74.9M-251.5K1.2217.72N/AN/A1,6642,02232,82218,972
2024-02-14$42.02$40.5032.9%9.4%35.1%11.8%33.6%6.5%3.2%2.4M-88.1M-249.4K1.5242.80N/AN/A46270432,99220,220
2024-02-15$42.19$40.5032.8%9.4%33.8%11.5%34.0%5.5%1.7%2.6M-89.8M-246.7K0.5728.05N/AN/A1,33876033,02820,248
2024-02-16$41.56$41.0033.5%9.6%32.0%12.9%35.0%5.9%1.0%938.1K-80.9M-248.7K0.1732.97N/AN/A2,54444033,03220,560
2024-02-20$40.73$40.0036.7%10.5%33.0%19.4%37.8%6.5%0.2%693.8K-46.0M-250.2K1.7826.53N/AN/A1,1782,09223,43614,254
2024-02-21$40.30$40.0036.3%10.4%33.2%18.5%39.6%6.9%-1.3%459.5K-41.5M-257.8K0.6228.28N/AN/A1,31682223,75215,796
2024-02-22$42.98$40.0033.1%9.5%40.0%12.2%33.4%3.1%0.5%964.5K-65.7M-249.3K0.2033.96N/AN/A4,15081224,78815,924
2024-02-23$42.66$40.0031.6%9.1%40.0%9.2%31.8%3.2%1.2%1.4M-71.3M-253.2K0.7040.14N/AN/A93265427,73216,010
2024-02-26$42.70$40.0032.0%9.2%39.8%9.9%32.0%2.9%0.8%1.4M-71.3M-249.7K0.7843.92N/AN/A53441827,77416,182
2024-02-27$42.75$40.0031.6%9.1%39.3%9.2%31.7%2.9%0.8%1.5M-71.8M-244.1K1.0949.02N/AN/A46450827,96616,174
2024-02-28$42.23$40.0032.3%9.2%39.4%10.5%33.8%3.1%-0.1%1.4M-67.6M-252.5K1.4345.24N/AN/A33648228,27816,428
2024-02-29$42.98$40.0031.1%8.9%36.7%8.1%31.8%3.9%1.0%1.6M-72.7M-250.2K0.4847.69N/AN/A58028028,27416,402