QLD Options History — February 2026

In February 2026, QLD traded between $65.86 and $72.73. ATM implied volatility averaged 44.2%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded above realized volatility by 8.1% (HV 20d: 36.1%). Max pain ranged from $65.00 to $70.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.59.

Notable Days

  • 2026-02-18: Highest Volume — 3,014 contracts
  • 2026-02-03: Largest IV spike — 26.4% change
  • 2026-02-04: Highest IV Rank — 25.5%
  • 2026-02-04: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$68.37$65.86$72.73$72.73$67.66
Max Pain$67.79$65.00$70.00$70.00$70.00
ATM IV44.2%35.1%52.9%35.1%44.7%
Expected Move12.6%10.1%15.2%10.1%12.8%
HV 20d36.1%28.5%39.3%28.5%38.4%
HV 60d31.7%30.0%32.7%31.7%31.0%
IV Rank17.4%9.0%25.5%9.0%17.9%
IV Percentile72.5%43.3%88.9%43.3%74.6%
Term Structure-1.0%-19.3%7.3%4.1%-1.8%
VWIV43.2%34.6%54.7%34.6%47.9%
Skew 25d16.6%12.4%20.1%12.4%17.5%
Skew 10d31.8%25.2%41.2%38.9%30.4%
Call IV 25d35.9%31.0%41.9%31.0%35.6%
Put IV 25d52.4%43.4%59.1%43.4%53.0%
Bid-Ask Spread %53.4540.9561.4056.9654.11
Gamma HHI0.060.040.090.090.04
Net GEX1.3M467.7K2.7M2.7M1.2M
Net DEX-129.6M-160.8M-115.2M-160.8M-124.9M
Net VEX-690.5K-722.9K-669.4K-722.9K-675.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.112.570.110.50
Total Volume1,140.1054633,014811645
Total OI43,601.84237,60547,19344,21438,921

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$72.73$70.0035.1%10.1%28.5%9.0%34.6%12.4%4.1%2.7M-160.8M-722.9K0.1156.96N/AN/A7327936,3497,865
2026-02-03$70.16$70.0044.4%12.7%30.9%17.7%42.4%17.6%-3.1%2.0M-145.1M-710.9K0.5356.06N/AN/A70237536,4317,878
2026-02-04$68.34$70.0052.9%15.2%31.4%25.5%42.5%18.2%-19.3%1.4M-128.7M-705.8K0.3254.67N/AN/A1,42546336,5068,081
2026-02-05$65.86$68.0052.8%13.6%33.6%25.5%46.1%15.1%0.6%1.0M-115.2M-706.8K0.2446.50N/AN/A1,29631436,3508,343
2026-02-06$68.82$65.0042.7%11.3%37.7%16.0%44.4%15.8%2.9%1.4M-129.6M-713.7K0.3453.30N/AN/A69823736,5588,472
2026-02-09$70.00$65.0039.7%12.2%37.3%13.3%45.7%14.7%-3.0%1.7M-137.2M-703.9K0.3554.61N/AN/A69424436,7738,536
2026-02-10$69.35$65.0043.9%12.4%37.4%17.2%42.8%15.0%0.3%1.6M-137.7M-693.1K0.3951.53N/AN/A33313036,9588,573
2026-02-11$69.66$65.0038.5%11.0%37.4%12.2%44.8%14.2%2.2%1.5M-137.5M-693.7K0.4351.23N/AN/A35215136,9468,583
2026-02-12$66.87$65.0043.9%12.6%39.3%17.2%47.0%12.9%-0.9%843.4K-120.5M-690.1K0.2958.18N/AN/A63818736,9638,663
2026-02-13$66.67$65.0046.6%13.4%39.0%19.7%39.3%14.6%3.3%686.7K-118.7M-686.2K0.3549.32N/AN/A70124236,6618,671
2026-02-17$66.77$65.0046.1%13.2%39.0%19.2%40.6%19.1%-1.0%467.7K-115.5M-677.7K0.2258.88N/AN/A1,61935737,0158,738
2026-02-18$67.73$65.0042.2%12.1%36.2%15.6%37.9%19.1%7.3%560.5K-122.5M-675.5K2.5761.29N/AN/A8442,17037,2129,440
2026-02-19$66.97$70.0045.5%13.0%34.7%18.6%54.7%17.7%-1.1%792.4K-120.5M-676.8K1.9450.91N/AN/A32863637,7739,376
2026-02-20$68.32$70.0044.2%12.7%35.3%17.5%41.9%19.0%-3.1%1.1M-131.1M-680.7K0.5351.06N/AN/A87646537,8379,356
2026-02-23$66.51$70.0047.2%13.5%36.1%20.2%48.5%20.1%-3.3%1.1M-122.0M-682.8K0.7652.35N/AN/A57043131,3826,223
2026-02-24$68.17$70.0044.1%12.6%37.1%17.3%39.6%18.4%-2.7%1.2M-125.8M-676.1K0.3052.23N/AN/A57117231,2856,591
2026-02-25$70.02$70.0040.8%11.7%38.1%14.2%38.1%15.3%0.8%1.3M-137.6M-669.4K0.5340.95N/AN/A71237931,5496,726
2026-02-26$68.34$70.0044.2%12.7%38.7%17.5%41.7%18.0%-2.1%1.3M-130.8M-677.4K0.4261.40N/AN/A63126331,9986,853
2026-02-27$67.66$70.0044.7%12.8%38.4%17.9%47.9%17.5%-1.8%1.2M-124.9M-675.3K0.5054.11N/AN/A43121431,8757,046