QDIV Options History — May 2023

In May 2023, QDIV traded between $29.93 and $31.74. ATM implied volatility averaged 34.1%, placing in the 24.0% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 20.0% (HV 20d: 14.1%). Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 0 of 22 days.

Notable Days

  • 2023-05-09: Highest Volume — 10 contracts
  • 2023-05-18: Largest IV spike — 54.5% change
  • 2023-05-09: Highest IV Rank — 35.5%
  • 2023-05-31: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.60$29.93$31.74$31.74$29.93
ATM IV34.1%19.4%44.1%34.5%38.5%
Expected Move9.0%5.6%11.0%9.9%11.0%
HV 20d14.1%12.1%15.3%12.3%12.1%
HV 60d14.6%14.2%15.0%14.2%14.6%
IV Rank24.0%8.3%35.5%23.2%29.4%
IV Percentile35.0%6.7%71.8%34.5%54.0%
Term Structure-6.3%-11.4%-0.8%-9.1%-10.2%
Skew 25d5.0%-5.9%25.8%10.4%1.4%
Skew 10d6.6%2.8%10.4%8.5%3.5%
Call IV 25d34.4%11.5%49.1%35.5%49.1%
Put IV 25d39.4%10.3%50.5%45.9%50.5%
Bid-Ask Spread %137.6578.76144.84143.69143.07
Gamma HHI0.520.351.001.000.44
Net GEX-1.4K-2.5K00-2.5K
Net DEX15.0K022.8K021.7K
Net VEX-90-14200-118
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume1.13601000
Total OI17.045025025

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$31.74$0.0034.5%9.9%12.3%23.2%0.0%10.4%-9.1%0000.00143.690000
2023-05-02$31.18$0.0036.9%10.6%13.4%25.6%0.0%25.8%-10.0%0000.00141.120000
2023-05-03$30.84$0.0037.3%10.7%12.9%25.9%0.0%20.6%-11.4%0000.00141.510500
2023-05-04$30.44$0.0042.8%8.5%13.6%31.6%0.0%4.5%-4.2%-3627.5K-410.00142.990005
2023-05-05$30.95$0.0038.2%5.6%15.1%26.9%0.0%2.1%-0.8%-6727.0K-410.0087.260005
2023-05-08$30.86$0.0042.6%7.9%14.8%33.8%0.0%4.6%-4.2%-3777.1K-410.00143.110005
2023-05-09$30.75$0.0044.1%8.3%14.3%35.5%0.0%4.4%-3.2%-5538.7K-390.00140.5601005
2023-05-10$30.68$0.0028.1%8.1%14.3%17.9%0.0%4.7%-4.9%-96514.3K-970.00144.7500015
2023-05-11$30.48$0.0030.7%8.8%14.0%20.7%0.0%4.8%-5.1%-1.1K16.5K-980.00143.27010015
2023-05-12$30.53$0.0029.0%8.3%14.1%18.8%0.0%4.9%-3.4%-1.6K22.2K-1420.00144.4400025
2023-05-15$30.66$0.0029.5%8.5%14.2%19.5%0.0%4.7%-4.9%-1.8K19.9K-1260.00143.4500025
2023-05-16$30.27$0.0031.1%8.9%14.7%21.2%0.0%3.9%-6.3%-1.8K20.9K-1310.00144.3000025
2023-05-17$30.54$0.0019.4%5.6%15.2%8.3%0.0%-5.9%-3.7%-1.7K18.0K-1230.0078.7600025
2023-05-18$30.68$0.0029.9%8.6%15.3%19.9%0.0%3.2%-4.2%-2.1K19.6K-1210.00143.3800025
2023-05-19$30.66$0.0029.7%8.5%15.3%19.7%0.0%2.5%-4.9%-2.0K19.6K-1210.00142.8400025
2023-05-22$30.62$0.0031.5%9.0%15.2%21.6%0.0%2.5%-6.6%-1.9K20.3K-1250.00142.8400025
2023-05-23$30.55$0.0032.1%9.2%14.6%22.3%0.0%2.4%-7.7%-1.8K20.4K-1250.00142.8400025
2023-05-24$30.23$0.0035.3%10.1%14.3%25.8%0.0%3.3%-9.0%-1.8K20.2K-1260.00144.8400025
2023-05-25$30.11$0.0035.3%10.1%13.4%25.8%0.0%2.4%-6.8%-2.4K22.8K-1190.00142.5200025
2023-05-26$30.30$0.0035.1%10.1%13.3%25.6%0.0%1.9%-6.9%-2.2K22.0K-1200.00143.0800025
2023-05-30$30.18$0.0038.2%10.9%13.1%29.0%0.0%1.5%-11.4%-2.2K21.7K-1210.00143.7200025
2023-05-31$29.93$0.0038.5%11.0%12.1%29.4%0.0%1.4%-10.2%-2.5K21.7K-1180.00143.0700025