QDIV Options History — January 2023

In January 2023, QDIV traded between $31.59 and $32.94. ATM implied volatility averaged 27.4%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 11.0% (HV 20d: 16.4%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 15 of 20 days.

Notable Days

  • 2023-01-18: Largest IV spike — 101.7% change
  • 2023-01-10: Highest IV Rank — 40.9%
  • 2023-01-04: Largest Expected Move — 13.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.51$31.59$32.94$31.59$32.92
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV27.4%12.3%54.1%45.1%19.3%
Expected Move6.6%3.5%13.2%12.9%5.5%
HV 20d16.4%14.3%18.2%16.8%14.6%
HV 60d19.0%18.0%20.1%20.1%18.0%
IV Rank14.5%0.0%40.9%31.4%7.1%
IV Percentile23.8%0.0%84.9%67.9%5.8%
Term Structure5.4%-13.4%15.7%-12.8%8.2%
Skew 25d5.6%2.4%16.7%3.4%4.3%
Skew 10d6.5%3.0%11.1%11.1%5.4%
Call IV 25d34.1%18.9%56.4%55.5%36.8%
Put IV 25d39.7%30.6%59.7%58.9%41.1%
Bid-Ask Spread %143.81138.46149.41147.36140.57
Gamma HHI0.620.500.890.510.79
Net GEX-420-1.2K-189-189-956
Net DEX5.3K3.9K9.2K4.5K8.1K
Net VEX-6-10-4-7-10
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI2.32424

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$31.59$0.0045.1%12.9%16.8%31.4%0.0%3.4%-12.8%-1894.5K-70.00147.360002
2023-01-04$31.85$0.0046.0%13.2%15.3%32.2%0.0%3.3%-13.4%-2034.5K-80.00148.030002
2023-01-05$31.88$35.0039.2%8.2%15.0%25.0%0.0%4.0%-4.9%-2084.5K-70.00141.410002
2023-01-06$32.77$35.0038.4%4.4%18.0%24.2%0.0%3.5%8.5%-3424.5K-70.00138.460002
2023-01-09$32.55$35.0051.1%7.2%18.2%37.7%0.0%3.5%12.2%-2044.0K-80.00146.760002
2023-01-10$32.59$35.0054.1%7.6%18.1%40.9%0.0%3.7%12.2%-1953.9K-80.00148.610002
2023-01-11$32.80$35.0014.2%4.1%17.7%0.0%0.0%2.4%11.6%-3554.6K-60.00140.630002
2023-01-12$32.83$35.0012.9%3.7%17.5%0.0%0.0%2.8%15.5%-3814.7K-60.00149.410002
2023-01-13$32.93$35.0014.0%4.0%17.2%1.2%0.0%3.0%9.6%-3914.6K-60.00142.470002
2023-01-17$32.71$35.0018.0%5.2%16.0%5.2%0.0%3.1%7.9%-3614.8K-50.00147.700002
2023-01-18$32.15$35.0036.2%10.4%17.0%24.1%0.0%3.6%-10.6%-2494.6K-60.00147.070002
2023-01-19$32.02$35.0037.0%10.6%16.8%24.9%0.0%4.2%-5.3%-2254.6K-60.00147.310002
2023-01-20$32.30$35.0033.5%9.6%17.0%21.3%0.0%16.7%1.9%-3485.5K-40.00139.590002
2023-01-23$32.64$35.0017.3%5.0%17.0%4.5%0.0%9.3%10.4%-3795.1K-40.00147.920002
2023-01-24$32.62$35.0012.8%3.7%16.3%0.0%0.0%10.6%15.7%-3815.1K-40.00141.910002
2023-01-25$32.65$35.0018.0%5.2%15.9%5.3%0.0%7.8%3.7%-3795.1K-40.00138.860002
2023-01-26$32.85$35.0012.4%3.6%15.8%0.0%0.0%8.2%14.0%-4345.0K-40.00141.730002
2023-01-27$32.94$35.0012.3%3.5%14.3%0.0%0.0%5.3%14.8%-1.2K8.3K-100.00140.580004
2023-01-30$32.63$35.0017.0%4.9%14.5%4.8%0.0%10.2%9.9%-1.0K9.2K-90.00139.790004
2023-01-31$32.92$35.0019.3%5.5%14.6%7.1%0.0%4.3%8.2%-9568.1K-100.00140.570004