QLD Options History — June 2025

In June 2025, QLD traded between $53.05 and $58.84. ATM implied volatility averaged 35.2%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 7.4% (HV 20d: 27.8%). Max pain ranged from $45.50 to $51.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 1.00.

Notable Days

2025-06-11: Highest Volume — 7,506 contracts
2025-06-17: Largest IV spike — 14.3% change
2025-06-17: Highest IV Rank — 12.8%
2025-06-17: Largest Expected Move — 11.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$55.14	$53.05	$58.84	$53.05	$58.84
Max Pain	$48.40	$45.50	$51.50	$50.00	$51.50
ATM IV	35.2%	32.0%	39.8%	37.7%	32.3%
Expected Move	10.2%	9.2%	11.4%	10.8%	9.3%
HV 20d	27.8%	21.1%	34.9%	34.9%	25.3%
HV 60d	75.4%	73.2%	78.6%	78.6%	73.2%
IV Rank	8.5%	5.5%	12.8%	10.8%	5.8%
IV Percentile	33.2%	17.1%	54.4%	44.4%	17.5%
Term Structure	1.3%	-2.5%	5.1%	0.3%	1.4%
VWIV	35.9%	30.7%	42.1%	37.1%	30.7%
Skew 25d	10.5%	7.3%	24.0%	9.6%	10.7%
Skew 10d	22.8%	-0.5%	35.8%	21.2%	31.4%
Call IV 25d	30.4%	17.9%	33.5%	33.0%	26.5%
Put IV 25d	40.9%	36.5%	45.1%	42.5%	37.2%
Bid-Ask Spread %	64.59	43.91	82.81	78.94	74.06
Gamma HHI	0.09	0.05	0.13	0.12	0.08
Net GEX	2.4M	826.6K	3.2M	2.0M	3.0M
Net DEX	-123.5M	-145.2M	-98.2M	-105.8M	-145.2M
Net VEX	-511.8K	-537.1K	-488.3K	-536.2K	-504.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.00	0.07	3.69	0.19	0.69
Total Volume	2,928.9	662	7,506	1,036	2,814
Total OI	60,056.7	46,762	68,976	59,038	52,676

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-06-02	$53.05	$50.00	37.7%	10.8%	34.9%	10.8%	37.1%	9.6%	0.3%	2.0M	-105.8M	-536.2K	0.19	78.94	N/A	N/A	874	162	39,488	19,550
2025-06-03	$53.96	$50.00	34.9%	10.0%	34.6%	8.2%	39.5%	8.3%	0.9%	2.3M	-116.3M	-526.6K	3.69	74.69	N/A	N/A	1,356	5,006	39,724	19,630
2025-06-04	$54.43	$50.00	35.4%	10.2%	33.8%	8.7%	37.6%	7.7%	1.5%	2.2M	-118.5M	-534.0K	1.23	77.65	N/A	N/A	2,002	2,466	40,220	20,918
2025-06-05	$53.70	$45.50	36.9%	10.5%	34.7%	10.1%	35.8%	11.5%	3.0%	2.2M	-112.6M	-537.1K	0.41	53.28	N/A	N/A	1,624	658	41,402	21,794
2025-06-06	$54.60	$46.00	33.5%	10.3%	34.3%	6.9%	38.0%	10.1%	2.0%	2.6M	-125.5M	-531.2K	1.73	45.76	N/A	N/A	416	720	41,926	21,896
2025-06-09	$54.72	$45.50	34.1%	10.0%	33.8%	7.5%	38.9%	9.1%	5.1%	2.9M	-128.3M	-520.5K	2.05	45.23	N/A	N/A	542	1,110	41,960	21,866
2025-06-10	$55.23	$45.50	32.6%	10.0%	25.0%	6.1%	42.1%	9.1%	2.8%	3.2M	-134.7M	-506.9K	2.12	43.91	N/A	N/A	434	922	41,884	21,998
2025-06-11	$54.87	$46.00	35.7%	10.2%	21.1%	8.9%	38.3%	10.1%	2.5%	3.0M	-129.9M	-505.1K	0.68	53.15	N/A	N/A	4,460	3,046	41,992	22,132
2025-06-12	$55.09	$46.50	36.0%	10.3%	21.1%	9.2%	34.4%	11.3%	1.8%	2.9M	-133.8M	-520.8K	0.17	55.25	N/A	N/A	564	98	42,552	23,522
2025-06-13	$53.60	$46.50	37.6%	10.8%	23.7%	10.8%	37.1%	12.2%	2.2%	1.9M	-113.9M	-516.1K	0.37	74.44	N/A	N/A	772	282	42,516	23,560
2025-06-16	$55.27	$46.50	34.8%	10.0%	25.7%	8.1%	35.2%	10.5%	-0.8%	3.2M	-136.4M	-493.4K	0.29	62.58	N/A	N/A	1,382	402	42,606	23,730
2025-06-17	$54.33	$47.00	39.8%	11.4%	26.6%	12.8%	39.8%	12.6%	-0.3%	2.3M	-123.2M	-496.8K	2.40	59.99	N/A	N/A	698	1,678	42,978	23,880
2025-06-18	$54.34	$47.50	35.0%	10.0%	26.4%	8.3%	34.8%	24.0%	3.6%	2.2M	-123.0M	-504.9K	0.73	82.81	N/A	N/A	1,038	756	42,990	25,440
2025-06-20	$53.54	$48.00	37.8%	10.8%	26.0%	11.0%	34.0%	10.8%	0.0%	826.6K	-114.8M	-488.3K	0.48	67.28	N/A	N/A	4,936	2,376	43,034	25,942
2025-06-23	$54.63	$51.00	38.5%	11.0%	26.8%	11.5%	34.3%	9.7%	-2.5%	1.4M	-98.2M	-502.8K	0.07	67.48	N/A	N/A	2,234	146	33,692	13,070
2025-06-24	$56.48	$51.00	34.4%	9.9%	27.6%	7.7%	33.9%	9.3%	-2.0%	2.0M	-118.2M	-503.7K	0.36	66.55	N/A	N/A	1,648	586	35,298	13,206
2025-06-25	$56.56	$51.00	32.8%	9.4%	24.8%	6.3%	31.6%	8.1%	0.9%	2.2M	-121.8M	-499.4K	0.17	67.11	N/A	N/A	1,290	220	36,230	13,360
2025-06-26	$57.66	$51.50	32.0%	9.2%	25.3%	5.5%	31.4%	7.3%	2.6%	2.6M	-134.2M	-505.1K	0.07	65.05	N/A	N/A	5,224	370	37,206	13,402
2025-06-27	$57.91	$51.50	32.9%	9.4%	25.2%	6.3%	34.0%	8.3%	-0.1%	2.9M	-136.1M	-502.1K	2.10	76.67	N/A	N/A	1,052	2,214	38,360	13,504
2025-06-30	$58.84	$51.50	32.3%	9.3%	25.3%	5.8%	30.7%	10.7%	1.4%	3.0M	-145.2M	-504.5K	0.69	74.06	N/A	N/A	1,662	1,152	38,704	13,972