QDIV Options History — July 2023

In July 2023, QDIV traded between $31.20 and $32.70. ATM implied volatility averaged 31.7%, placing in the 21.8% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 20.0% (HV 20d: 11.7%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 0 of 20 days.

Notable Days

  • 2023-07-12: Largest IV drop — 38.2% change
  • 2023-07-10: Highest IV Rank — 35.1%
  • 2023-07-05: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.07$31.20$32.70$31.74$32.60
Max Pain$28.00$28.00$28.00$28.00$28.00
ATM IV31.7%25.6%43.7%33.1%32.6%
Expected Move8.3%7.0%10.2%9.5%9.4%
HV 20d11.7%10.0%13.2%11.8%10.0%
HV 60d13.2%12.1%13.7%13.1%12.1%
IV Rank21.8%15.1%35.1%23.4%22.9%
IV Percentile29.1%9.1%71.8%33.7%35.3%
Term Structure-7.0%-11.4%-4.2%-9.5%-9.5%
Skew 25d1.2%0.4%2.1%1.1%0.9%
Skew 10d0.5%-24.3%5.2%-16.6%2.2%
Call IV 25d35.7%28.9%46.5%43.3%42.6%
Put IV 25d36.9%29.4%47.4%44.4%43.5%
Bid-Ask Spread %144.15142.25145.50143.17143.37
Gamma HHI0.380.250.530.250.53
Net GEX-930-1.3K-644-815-764
Net DEX7.8K3.9K11.1K6.0K7.1K
Net VEX-61-87-43-86-45
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI23.415292915

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$31.74$28.0033.1%9.5%11.8%23.4%0.0%1.1%-9.5%-8156.0K-860.00143.1700425
2023-07-05$31.55$28.0035.7%10.2%11.6%26.3%0.0%0.9%-11.4%-9007.3K-840.00144.0900425
2023-07-06$31.20$0.0037.2%7.0%12.4%27.9%0.0%0.4%-4.4%-1.0K8.7K-870.00143.6500425
2023-07-07$31.39$0.0038.3%7.0%11.7%29.1%0.0%0.8%-4.2%-9357.8K-860.00143.5900425
2023-07-10$31.42$0.0043.7%7.9%11.7%35.1%0.0%1.9%-6.1%-8827.2K-780.00144.3600425
2023-07-11$31.90$0.0041.4%7.4%12.7%32.6%0.0%2.1%-5.3%-6674.3K-720.00143.8500425
2023-07-12$31.96$0.0025.6%7.3%12.7%15.1%0.0%1.5%-5.9%-6443.9K-710.00144.0300425
2023-07-13$32.14$0.0026.2%7.5%12.5%15.8%0.0%1.1%-5.9%-1.2K10.3K-630.00145.5000025
2023-07-14$31.80$0.0026.4%7.6%13.2%16.0%0.0%0.8%-7.3%-1.3K11.1K-620.00144.9500025
2023-07-17$31.85$0.0027.2%7.8%12.6%16.9%0.0%0.8%-6.8%-1.3K10.8K-590.00143.7500025
2023-07-18$32.09$0.0027.2%7.8%12.9%16.9%0.0%1.0%-7.3%-1.2K9.8K-550.00144.8100025
2023-07-19$32.23$0.0027.9%8.0%12.0%17.7%0.0%1.6%-7.5%-1.2K9.7K-540.00144.9900025
2023-07-20$32.33$0.0028.7%8.2%12.0%18.5%0.0%1.3%-5.9%-1.1K8.9K-500.00144.5500025
2023-07-21$32.34$0.0029.5%8.5%11.4%19.5%0.0%1.4%-5.9%-7887.7K-500.00145.3400025
2023-07-24$32.55$0.0029.6%8.5%11.0%19.5%0.0%1.5%-6.1%-7627.1K-460.00144.0300015
2023-07-25$32.61$0.0029.4%8.4%10.8%19.3%0.0%1.6%-6.4%-7567.1K-460.00143.9100015
2023-07-26$32.70$0.0029.6%8.5%10.6%19.6%0.0%1.0%-6.8%-7436.8K-430.00143.9600015
2023-07-27$32.47$0.0032.8%9.4%10.6%23.1%0.0%1.0%-8.8%-7797.4K-470.00142.2500015
2023-07-28$32.58$0.0031.4%9.0%10.4%21.6%0.0%1.1%-8.3%-7637.1K-450.00144.9100015
2023-07-31$32.60$0.0032.6%9.4%10.0%22.9%0.0%0.9%-9.5%-7647.1K-450.00143.3700015