QLDProShares Ultra QQQ
QLD Options Overview
bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
QLD Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 62.9% — elevated vs history
IV/HV 1.62x — IV premium over HV
Sector percentile 77% — above sector median
Front/Back 0.97x — contango
Put/Call IV 1.16x — elevated
ATM IV 42.4% — normal range
Effective IV 76.0% (ATM 42.4% + spread 16.8% + bias) — fair
Total drag 24.40% (spread 16.78% + slippage 7.62%) — high friction
Vega efficiency 12.08 (vega 20.270 / spread 16.78%) — efficient
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +43% (strong bullish) — Raw: +44%
|OI skew| 49.2% — call-heavy
Vol skew +30.6%, OI skew +49.2% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +4%, ATM: -19%, OTM: +52% — neutral (ITM/ATM divergent)
Sector P/C percentile 20% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.7x avg — normal
Vol/OI 1.6% — normal turnover
1 day(s) elevated — may be one-day event
OI change +1.5% (5d) — stable
Sector activity percentile 39% — below sector avg
Large trade volume 26% — mixed
Aggressive execution 29% — patient
Conviction +43 (bullish) — moderate
Liquidity
Can I trade efficiently?
Evaluates
Spread 16.8% — wide
OI 47,717 — adequate
Volume 755/day — adequate
$0.84 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 83% — much wider than sector
Depth 307.3 contracts (bid:188.1 ask:119.2) — adequate
Avg slippage 7.62% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -2.8% — flat/unclear
IV percentile 63% — neutral
IV kink 0.7pts — no clear event
θ/ν ratio 563.04 — favors income trades
3 liquid expirations — flexible
caution advised: No earnings detected; FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow +43% @ 72% consistency — STRONG directional (bullish)
Score 56 (ITM 20% + inst 26%) — moderate institutional
Directional Strategy Fit
For educational purposes only. Not investment advice.
The Options Desk tracks the move options price into every US earnings report the week of Sep 7, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.