QLD Options History — March 2026

In March 2026, QLD traded between $56.89 and $68.87. ATM implied volatility averaged 50.7%, placing in the 23.5% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 14.6% (HV 20d: 36.1%). Max pain ranged from $58.00 to $70.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.61.

Notable Days

  • 2026-03-20: Highest Volume — 3,563 contracts
  • 2026-03-06: Largest IV spike — 23.4% change
  • 2026-03-27: Highest IV Rank — 32.9%
  • 2026-03-20: Largest Expected Move — 18.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$64.65$56.89$68.87$68.03$60.98
Max Pain$61.73$58.00$70.00$70.00$63.00
ATM IV50.7%41.0%60.8%47.4%50.9%
Expected Move14.4%11.8%18.5%13.6%14.6%
HV 20d36.1%31.1%48.4%38.1%48.4%
HV 60d32.8%30.9%38.8%30.9%38.8%
IV Rank23.5%14.5%32.9%20.4%23.7%
IV Percentile84.5%64.3%96.0%80.6%85.7%
Term Structure-2.7%-14.9%2.4%-3.0%-1.4%
VWIV47.5%39.8%56.8%43.5%47.3%
Skew 25d20.3%14.5%25.0%18.9%14.5%
Skew 10d38.3%30.0%49.6%33.5%31.5%
Call IV 25d39.0%32.6%50.8%38.1%43.0%
Put IV 25d59.3%50.1%70.2%57.0%57.6%
Bid-Ask Spread %42.1121.0767.6265.9127.79
Gamma HHI0.050.040.090.040.04
Net GEX1.2M604.7K1.7M1.2M1.2M
Net DEX-111.3M-130.4M-75.5M-125.9M-91.1M
Net VEX-671.5K-688.0K-642.7K-672.8K-671.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.171.621.070.29
Total Volume1,468.0454093,5634092,266
Total OI41,310.13638,66243,54139,08541,351

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$68.03$70.0047.4%13.6%38.1%20.4%43.5%18.9%-3.0%1.2M-125.9M-672.8K1.0765.91N/AN/A19821131,9917,094
2026-03-03$66.75$70.0050.7%14.5%37.9%23.5%53.1%19.3%-4.8%1.1M-117.3M-668.8K0.8361.49N/AN/A75863032,1427,219
2026-03-04$68.87$70.0043.0%12.3%38.0%16.4%39.8%19.5%0.2%1.3M-129.8M-677.3K0.2061.42N/AN/A1,23124932,1727,582
2026-03-05$67.77$58.0048.0%12.7%37.3%21.0%49.5%19.6%0.4%1.5M-128.5M-678.5K0.7958.66N/AN/A68253733,1947,567
2026-03-06$66.29$58.0059.3%14.4%35.7%31.4%56.8%22.2%-3.7%1.3M-119.3M-688.0K1.3056.93N/AN/A31340833,2497,996
2026-03-09$67.70$58.0055.8%14.2%32.8%28.3%48.6%25.0%-4.0%1.4M-123.5M-680.9K0.1767.62N/AN/A1,20521033,4238,292
2026-03-10$67.93$58.0051.5%12.7%32.1%24.2%50.0%23.0%1.6%1.7M-130.4M-679.2K0.4962.14N/AN/A69734033,7308,321
2026-03-11$67.83$58.0046.3%13.3%32.0%19.4%41.5%21.7%-3.4%1.6M-127.9M-679.7K0.2260.55N/AN/A93620233,8788,437
2026-03-12$65.72$58.0050.0%13.0%33.7%22.9%45.9%23.9%-4.5%1.3M-117.7M-674.0K0.4030.41N/AN/A99139234,1008,528
2026-03-13$64.55$58.0047.6%16.6%31.1%20.6%46.0%21.4%2.4%1.1M-110.4M-665.8K0.3732.96N/AN/A92534634,0328,746
2026-03-16$66.09$59.0046.7%13.3%32.4%19.8%43.7%19.7%-1.4%1.2M-117.4M-673.0K0.3926.29N/AN/A1,25849234,2428,846
2026-03-17$66.85$59.0041.0%11.8%32.7%14.5%41.0%16.8%1.7%1.4M-121.0M-673.4K1.6221.07N/AN/A6971,13134,6088,933
2026-03-18$65.07$60.0046.3%15.0%33.6%19.4%45.0%21.6%-6.5%976.4K-111.0M-661.4K0.8655.50N/AN/A69159334,8968,604
2026-03-19$64.59$60.0048.3%14.0%33.4%21.3%49.0%22.9%-0.9%604.7K-108.3M-661.6K0.2437.67N/AN/A1,50436134,9408,031
2026-03-20$61.73$60.0058.0%18.5%35.7%30.3%51.9%18.7%-14.9%1.1M-96.9M-659.3K1.5737.19N/AN/A1,3842,17935,6547,705
2026-03-23$64.10$63.5047.5%13.4%37.8%20.5%44.3%16.6%-0.3%1.3M-108.9M-678.0K0.2625.28N/AN/A1,42737131,7376,925
2026-03-24$62.72$63.5050.9%14.7%37.1%23.7%45.1%21.1%-2.7%1.3M-103.9M-682.3K0.2924.72N/AN/A56716332,5407,120
2026-03-25$63.31$63.5049.5%14.5%35.6%22.4%46.9%18.6%-1.0%1.4M-107.9M-681.7K1.0027.42N/AN/A39840032,4437,239
2026-03-26$60.52$63.5057.1%16.4%37.8%29.4%48.9%23.0%-13.5%1.2M-94.7M-670.7K0.3227.92N/AN/A90429132,6817,430
2026-03-27$57.94$63.5060.8%17.4%40.1%32.9%56.6%19.5%0.5%1.0M-81.5M-652.3K0.4728.38N/AN/A1,40566432,7197,603
2026-03-30$56.89$63.5058.5%16.8%39.9%30.7%50.9%18.5%0.4%944.6K-75.5M-642.7K0.2929.07N/AN/A1,31537533,1027,781
2026-03-31$60.98$63.0050.9%14.6%48.4%23.7%47.3%14.5%-1.4%1.2M-91.1M-671.5K0.2927.79N/AN/A1,75451233,4467,905