QAI Options History — May 2025

In May 2025, QAI traded between $31.31 and $31.96. ATM implied volatility averaged 61.2%, placing in the 29.6% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 52.5% (HV 20d: 8.8%). Max pain ranged from $31.00 to $31.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-05-02: Highest Volume — 20 contracts
2025-05-22: Largest IV spike — 117.5% change
2025-05-13: Highest IV Rank — 84.6%
2025-05-12: Largest Expected Move — 20.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.70	$31.31	$31.96	$31.31	$31.82
Max Pain	$31.00	$31.00	$31.00	$31.00	$31.00
ATM IV	61.2%	19.5%	126.9%	64.7%	47.7%
Expected Move	12.7%	5.6%	20.0%	18.5%	13.7%
HV 20d	8.8%	5.0%	19.0%	19.0%	6.2%
HV 60d	12.0%	11.9%	12.2%	11.9%	12.1%
IV Rank	29.6%	0.0%	84.6%	33.3%	22.6%
IV Percentile	50.9%	0.0%	98.4%	75.8%	44.0%
Term Structure	-5.4%	-12.5%	-2.6%	-11.5%	-2.7%
Skew 25d	53.6%	11.6%	87.3%	82.6%	68.0%
Skew 10d	68.9%	22.2%	105.6%	98.6%	84.9%
Call IV 25d	34.6%	28.8%	46.9%	46.9%	41.1%
Put IV 25d	88.1%	42.4%	133.5%	129.5%	109.1%
Bid-Ask Spread %	172.61	171.53	174.19	174.19	172.36
Gamma HHI	0.54	0.48	0.62	0.48	0.59
Net GEX	4.9K	2.3K	10.8K	4.3K	4.2K
Net DEX	-176.4K	-198.2K	-130.7K	-130.7K	-176.8K
Net VEX	-703	-741	-548	-553	-726
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	1.19	0	20	0	0
Total OI	89.095	69	94	69	94

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-05-01	$31.31	$0.00	64.7%	18.5%	19.0%	33.3%	0.0%	82.6%	-11.5%	4.3K	-130.7K	-553	174.19	N/A	N/A	0	0	69	0
2025-05-02	$31.48	$0.00	67.7%	19.4%	18.1%	34.9%	0.0%	87.3%	-12.5%	4.3K	-133.7K	-548	173.26	N/A	N/A	20	0	69	0
2025-05-05	$31.46	$31.00	76.4%	11.1%	15.8%	41.9%	0.0%	45.3%	-7.0%	2.6K	-173.6K	-733	171.98	N/A	N/A	0	0	89	0
2025-05-06	$31.45	$31.00	79.6%	11.2%	15.0%	44.4%	0.0%	46.4%	-7.0%	2.8K	-173.5K	-732	173.44	N/A	N/A	0	0	89	0
2025-05-07	$31.43	$31.00	83.9%	11.3%	14.6%	48.2%	0.0%	46.8%	-6.9%	2.7K	-173.0K	-730	174.06	N/A	N/A	0	0	89	0
2025-05-08	$31.50	$31.00	89.5%	11.3%	9.6%	52.0%	0.0%	47.3%	-5.2%	2.8K	-174.0K	-728	173.28	N/A	N/A	0	0	89	0
2025-05-09	$31.50	$31.00	95.7%	11.5%	6.8%	56.6%	0.0%	47.8%	-5.7%	4.2K	-172.1K	-727	173.06	N/A	N/A	0	0	89	0
2025-05-12	$31.75	$31.00	110.1%	20.0%	6.8%	69.5%	0.0%	52.3%	-4.5%	2.3K	-178.3K	-718	173.21	N/A	N/A	1	0	89	0
2025-05-13	$31.87	$31.00	126.9%	10.7%	6.6%	84.6%	0.0%	18.2%	-4.6%	5.3K	-182.3K	-722	172.41	N/A	N/A	0	0	90	0
2025-05-14	$31.80	$31.00	37.8%	10.8%	6.7%	4.7%	0.0%	11.6%	-5.0%	5.4K	-181.7K	-718	171.53	N/A	N/A	1	0	90	0
2025-05-15	$31.88	$31.00	38.3%	11.0%	6.3%	5.1%	0.0%	50.4%	-3.1%	5.3K	-184.2K	-728	172.52	N/A	N/A	0	1	91	0
2025-05-16	$31.96	$31.00	38.8%	11.1%	6.2%	5.6%	0.0%	51.2%	-2.6%	2.4K	-183.1K	-741	171.71	N/A	N/A	0	0	91	1
2025-05-19	$31.82	$31.00	40.6%	11.6%	5.7%	7.2%	0.0%	53.3%	-3.8%	5.3K	-181.1K	-729	172.07	N/A	N/A	0	0	91	1
2025-05-20	$31.95	$31.00	41.2%	11.8%	5.0%	7.7%	0.0%	54.1%	-3.2%	4.2K	-182.4K	-732	172.24	N/A	N/A	0	0	91	1
2025-05-21	$31.74	$31.00	19.5%	5.6%	5.7%	0.0%	0.0%	55.5%	-4.1%	10.2K	-197.4K	-671	172.31	N/A	N/A	0	0	91	1
2025-05-22	$31.61	$31.00	42.4%	12.2%	5.6%	18.4%	0.0%	57.8%	-4.5%	10.8K	-194.5K	-669	172.94	N/A	N/A	0	0	91	1
2025-05-23	$31.76	$31.00	43.1%	12.4%	5.7%	18.9%	0.0%	59.1%	-4.5%	10.2K	-198.2K	-661	172.27	N/A	N/A	0	2	91	1
2025-05-27	$31.95	$31.00	46.5%	13.3%	6.0%	21.6%	0.0%	61.9%	-4.5%	4.3K	-178.9K	-736	171.72	N/A	N/A	0	0	91	3
2025-05-28	$31.82	$31.00	47.1%	13.5%	6.3%	22.2%	0.0%	63.2%	-5.4%	4.2K	-176.9K	-731	172.05	N/A	N/A	0	0	91	3
2025-05-29	$31.82	$31.00	48.2%	13.8%	6.2%	23.0%	0.0%	64.7%	-5.1%	5.3K	-177.4K	-725	172.21	N/A	N/A	0	0	91	3
2025-05-30	$31.82	$31.00	47.7%	13.7%	6.2%	22.6%	0.0%	68.0%	-2.7%	4.2K	-176.8K	-726	172.36	N/A	N/A	0	0	91	3