QLD Options History — August 2025

In August 2025, QLD traded between $58.99 and $64.57. ATM implied volatility averaged 31.8%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 5.5% (HV 20d: 26.2%). Max pain ranged from $55.00 to $62.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.86.

Notable Days

  • 2025-08-15: Highest Volume — 11,146 contracts
  • 2025-08-08: Largest IV drop — 25.0% change
  • 2025-08-01: Highest IV Rank — 10.0%
  • 2025-08-01: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$62.46$58.99$64.57$58.99$62.15
Max Pain$59.55$55.00$62.50$60.00$62.50
ATM IV31.8%25.4%37.5%37.5%33.2%
Expected Move9.2%8.0%10.7%10.7%9.5%
HV 20d26.2%20.5%30.2%20.5%27.0%
HV 60d25.0%23.6%28.3%27.7%24.7%
IV Rank5.6%0.0%10.0%10.0%7.2%
IV Percentile18.5%0.0%44.8%44.8%28.6%
Term Structure0.8%-2.1%3.0%-1.5%-0.3%
VWIV33.1%28.8%40.4%37.5%33.8%
Skew 25d9.8%7.3%15.2%15.2%11.0%
Skew 10d20.8%7.5%28.5%20.8%7.5%
Call IV 25d28.0%25.5%31.5%31.5%28.0%
Put IV 25d37.8%33.3%46.6%46.6%39.0%
Bid-Ask Spread %39.8126.7553.0653.0650.36
Gamma HHI0.150.110.290.170.12
Net GEX1.6M170.5K4.7M170.5K683.8K
Net DEX-124.3M-164.4M-86.0M-86.0M-109.8M
Net VEX-511.5K-540.3K-456.3K-520.2K-520.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.175.100.470.55
Total Volume2,132.1934411,1463,9321,162
Total OI54,241.33349,10060,97052,45853,872

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$58.99$60.0037.5%10.7%20.5%10.0%37.5%15.2%-1.5%170.5K-86.0M-520.2K0.4753.06N/AN/A2,6721,26033,67018,788
2025-08-04$60.96$55.0032.5%9.8%22.6%5.4%38.1%11.3%-0.2%733.6K-110.6M-507.5K0.7031.06N/AN/A2,1261,49034,14219,404
2025-08-05$60.34$55.0033.4%9.9%23.0%6.2%33.2%11.4%-0.6%711.0K-108.1M-508.3K0.2438.88N/AN/A3869435,25619,748
2025-08-06$61.74$55.0031.9%9.5%23.9%4.8%33.3%10.7%0.5%1.5M-123.9M-512.4K0.4935.49N/AN/A51625435,40219,782
2025-08-07$61.91$55.5033.9%9.8%23.9%6.7%34.3%11.0%1.7%1.6M-125.3M-505.9K0.1739.89N/AN/A1,26622035,51819,884
2025-08-08$63.19$55.5025.4%8.7%24.6%0.0%32.1%9.2%2.7%2.6M-143.0M-494.3K0.3532.47N/AN/A1,65257635,52220,004
2025-08-11$62.92$57.0031.5%8.9%24.7%5.7%31.0%8.4%2.3%2.3M-142.4M-474.4K0.6653.05N/AN/A38025035,08820,532
2025-08-12$64.43$57.5031.7%8.0%25.8%5.8%28.8%7.4%2.2%3.5M-159.8M-456.3K0.7746.84N/AN/A3,1122,38235,24420,642
2025-08-13$64.41$57.5029.5%8.5%25.8%3.8%30.4%8.5%1.5%4.3M-163.8M-484.2K0.1941.27N/AN/A3,17259437,14822,678
2025-08-14$64.57$58.0029.7%8.5%25.4%3.9%31.8%7.7%2.3%4.7M-164.4M-497.0K0.8238.36N/AN/A61450637,54822,956
2025-08-15$63.92$59.5028.0%8.0%25.8%2.4%33.4%7.3%3.0%3.8M-156.4M-492.9K5.1044.10N/AN/A1,8289,31837,75023,220
2025-08-18$63.81$62.5029.6%8.5%25.6%3.9%31.1%7.9%2.6%1.0M-123.7M-531.8K0.8534.72N/AN/A40034032,40416,696
2025-08-19$62.05$62.5031.7%9.1%27.4%5.8%33.8%7.9%-2.1%797.9K-109.7M-530.8K1.1736.85N/AN/A58468632,70816,960
2025-08-20$61.37$62.5033.3%9.5%27.8%7.3%35.2%10.9%1.1%600.1K-100.5M-540.3K1.9326.75N/AN/A6041,16632,87417,514
2025-08-21$60.70$62.5035.3%10.1%27.8%9.1%40.4%11.4%-1.3%454.7K-96.1M-536.0K1.4832.41N/AN/A37255233,06018,288
2025-08-22$62.53$62.5032.4%9.3%29.8%6.5%31.4%9.4%-0.6%676.2K-113.4M-528.5K0.3446.71N/AN/A1,09037633,23418,792
2025-08-25$62.47$62.5031.7%9.1%29.8%5.9%31.1%9.0%0.8%785.1K-115.0M-523.8K0.5433.67N/AN/A62233833,82818,940
2025-08-26$62.46$62.5032.8%9.4%29.8%6.9%32.5%10.3%-0.3%749.7K-113.4M-527.7K0.2939.04N/AN/A2667834,08419,060
2025-08-27$62.90$62.5033.1%9.5%29.9%7.1%33.6%10.9%-0.3%926.3K-117.1M-529.2K0.8138.60N/AN/A29624034,15019,100
2025-08-28$63.77$62.5029.1%8.3%30.2%3.4%29.0%9.2%2.2%1.1M-127.9M-519.8K0.2142.47N/AN/A77616034,29819,280
2025-08-29$62.15$62.5033.2%9.5%27.0%7.2%33.8%11.0%-0.3%683.8K-109.8M-520.8K0.5550.36N/AN/A74841434,43819,434