QLD Options History — July 2025

In July 2025, QLD traded between $57.95 and $61.97. ATM implied volatility averaged 31.6%, placing in the 4.6% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 9.7% (HV 20d: 21.9%). Max pain ranged from $51.50 to $60.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.87.

Notable Days

  • 2025-07-15: Highest Volume — 7,882 contracts
  • 2025-07-07: Largest IV spike — 12.3% change
  • 2025-07-07: Highest IV Rank — 8.0%
  • 2025-07-07: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.32$57.95$61.97$57.95$61.65
Max Pain$57.07$51.50$60.00$51.50$60.00
ATM IV31.6%28.4%34.7%33.8%31.5%
Expected Move9.1%8.1%10.5%9.7%9.0%
HV 20d21.9%14.4%27.1%26.2%14.4%
HV 60d38.4%26.1%69.3%69.3%26.1%
IV Rank4.6%1.5%8.0%7.2%4.4%
IV Percentile13.0%0.8%27.4%23.4%12.7%
Term Structure3.1%-0.6%6.8%2.0%1.4%
VWIV32.1%24.3%38.3%34.8%31.1%
Skew 25d7.7%3.6%17.7%7.4%7.7%
Skew 10d19.5%-0.9%29.3%15.4%13.4%
Call IV 25d28.3%20.8%31.7%30.4%28.0%
Put IV 25d36.0%33.3%38.6%37.8%35.7%
Bid-Ask Spread %58.0842.3079.4879.4869.02
Gamma HHI0.130.070.470.070.15
Net GEX3.0M1.0M6.9M3.1M1.2M
Net DEX-144.5M-191.5M-109.9M-138.1M-119.1M
Net VEX-489.3K-515.7K-456.8K-509.2K-505.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.202.651.730.46
Total Volume2,404.6367087,8822,8121,696
Total OI55,482.63642,82666,22454,26252,668

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$57.95$51.5033.8%9.7%26.2%7.2%34.8%7.4%2.0%3.1M-138.1M-509.2K1.7379.48N/AN/A1,0301,78239,38414,878
2025-07-02$58.51$51.5032.4%9.3%25.8%5.9%33.9%6.8%4.0%3.2M-144.3M-513.5K0.3473.79N/AN/A53017839,97015,384
2025-07-03$59.80$55.0030.9%9.9%26.6%4.4%32.9%7.7%3.2%3.4M-161.4M-489.1K0.5068.92N/AN/A1,82491840,02215,408
2025-07-07$58.70$55.0034.7%10.5%27.1%8.0%38.3%8.6%1.9%3.7M-149.7M-498.1K1.1862.75N/AN/A1,3101,54241,20416,042
2025-07-08$58.85$55.0030.6%9.4%26.7%3.7%32.4%6.9%3.8%3.5M-150.9M-484.4K0.6247.23N/AN/A69443241,05217,400
2025-07-09$59.67$55.0032.2%9.2%26.9%5.2%33.8%7.0%6.5%3.6M-162.1M-473.2K0.8642.30N/AN/A1,4361,24040,99817,630
2025-07-10$59.63$56.0032.3%9.2%26.9%5.1%32.5%3.6%5.9%4.0M-161.2M-479.9K0.2055.63N/AN/A1,22224641,44418,290
2025-07-11$59.35$56.0032.2%9.2%26.8%5.1%24.3%12.9%-0.6%4.0M-158.1M-471.8K0.4555.02N/AN/A1,04646841,62618,362
2025-07-14$59.58$56.0034.2%9.8%26.8%7.0%38.0%4.9%1.4%4.5M-162.7M-458.0K1.0445.99N/AN/A86890041,90818,420
2025-07-15$60.03$56.0033.4%9.6%24.2%6.2%27.9%17.7%4.3%4.5M-171.9M-456.8K0.3454.41N/AN/A5,8961,98642,18819,128
2025-07-16$59.96$56.0032.1%9.2%22.4%5.0%32.7%7.5%6.8%5.2M-171.4M-485.0K0.6966.59N/AN/A1,5261,05043,83220,718
2025-07-17$60.83$57.5029.5%8.5%21.2%2.5%30.8%6.4%2.1%5.4M-190.2M-472.0K0.3349.38N/AN/A1,72456243,84821,764
2025-07-18$60.60$57.5030.1%8.6%21.3%3.1%30.2%5.9%2.5%6.9M-191.5M-465.6K0.3661.71N/AN/A2,14878244,37221,852
2025-07-21$61.34$57.5032.1%9.2%20.0%5.0%33.3%7.0%1.5%1.7M-120.8M-471.3K2.6544.88N/AN/A1,1242,97630,55412,272
2025-07-22$60.75$60.0034.2%9.8%20.2%6.9%33.6%8.1%2.6%1.1M-109.9M-498.7K1.5949.45N/AN/A49478631,31215,442
2025-07-23$60.94$60.0032.1%9.2%17.3%5.0%32.5%8.1%2.6%1.0M-111.8M-506.0K2.4844.40N/AN/A6341,57431,64016,128
2025-07-24$61.55$60.0030.4%8.7%17.4%3.4%33.4%9.0%2.7%1.0M-116.4M-505.5K1.4450.21N/AN/A39657232,04417,094
2025-07-25$61.83$60.0028.6%8.2%16.5%1.7%28.8%7.3%3.2%1.2M-118.1M-502.7K0.2055.08N/AN/A2,14443432,16017,412
2025-07-28$61.97$60.0029.2%8.4%16.5%2.3%29.9%7.6%5.4%1.6M-124.8M-497.6K0.8057.46N/AN/A66453233,46817,556
2025-07-29$61.91$60.0028.4%8.1%15.8%1.5%30.5%6.6%4.6%1.5M-123.0M-504.9K0.4165.03N/AN/A3,4221,39233,55417,770
2025-07-30$61.71$60.0029.5%8.5%14.6%2.5%30.6%5.0%1.5%1.2M-121.1M-515.7K0.4779.13N/AN/A49223033,80818,612
2025-07-31$61.65$60.0031.5%9.0%14.4%4.4%31.1%7.7%1.4%1.2M-119.1M-505.6K0.4669.02N/AN/A1,16053634,01018,658