QAI Options History — September 2025

In September 2025, QAI traded between $33.00 and $33.67. ATM implied volatility averaged 49.5%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 45.7% (HV 20d: 3.7%). Max pain ranged from $31.00 to $31.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-09-25: Highest Volume — 1 contracts
2025-09-17: Largest IV spike — 94.0% change
2025-09-17: Highest IV Rank — 43.0%
2025-09-17: Largest Expected Move — 21.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.43	$33.00	$33.67	$33.00	$33.59
Max Pain	$31.00	$31.00	$31.00	$31.00	$31.00
ATM IV	49.5%	37.3%	73.6%	53.5%	50.8%
Expected Move	13.1%	9.8%	21.1%	15.3%	14.6%
HV 20d	3.7%	2.9%	4.2%	4.1%	3.0%
HV 60d	3.9%	3.6%	4.1%	4.0%	3.6%
IV Rank	23.8%	14.2%	43.0%	27.0%	24.8%
IV Percentile	37.6%	3.2%	82.9%	53.6%	47.2%
Term Structure	-5.9%	-8.4%	-2.9%	-7.2%	-8.4%
Skew 25d	59.4%	47.8%	81.0%	75.6%	73.2%
Skew 10d	66.3%	49.6%	111.9%	103.6%	79.7%
Call IV 25d	31.0%	24.0%	39.7%	38.3%	39.7%
Put IV 25d	90.5%	71.8%	120.4%	113.9%	112.9%
Bid-Ask Spread %	178.48	166.74	184.33	166.99	177.69
Gamma HHI	0.44	0.31	0.54	0.54	0.36
Net GEX	2.9K	-514	5.2K	4.6K	-514
Net DEX	-176.4K	-283.6K	-82.5K	-186.2K	-125.5K
Net VEX	-290	-464	-99	-464	-100
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	0.048	0	1	0	0
Total OI	84.143	52	100	100	53

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	Call OI	Put OI
2025-09-02	$33.00	$31.00	53.5%	15.3%	4.1%	27.0%	0.0%	75.6%	-7.2%	4.6K	-186.2K	-464	166.99	N/A	N/A	0	90	10
2025-09-03	$33.00	$31.00	54.7%	15.7%	4.1%	27.9%	0.0%	81.0%	-6.2%	4.2K	-184.2K	-463	166.74	N/A	N/A	0	90	10
2025-09-04	$33.08	$0.00	56.8%	9.8%	4.1%	29.6%	0.0%	47.8%	-2.9%	4.5K	-187.7K	-454	183.84	N/A	N/A	0	90	10
2025-09-05	$33.14	$0.00	58.8%	19.0%	4.1%	31.2%	0.0%	50.7%	-3.6%	4.2K	-186.8K	-453	183.55	N/A	N/A	0	90	10
2025-09-08	$33.25	$0.00	69.4%	10.8%	4.2%	39.6%	0.0%	50.5%	-6.0%	4.5K	-190.8K	-433	184.33	N/A	N/A	0	90	10
2025-09-09	$33.24	$0.00	72.2%	11.0%	4.2%	41.9%	0.0%	51.0%	-6.2%	4.5K	-190.5K	-427	183.40	N/A	N/A	0	90	10
2025-09-10	$33.34	$0.00	39.0%	11.2%	4.0%	15.4%	0.0%	52.0%	-5.6%	4.5K	-192.4K	-421	183.09	N/A	N/A	0	90	10
2025-09-11	$33.50	$0.00	39.9%	11.4%	4.2%	16.2%	0.0%	53.1%	-5.8%	4.6K	-196.0K	-411	180.51	N/A	N/A	0	90	10
2025-09-12	$33.48	$0.00	40.5%	11.6%	4.1%	16.7%	0.0%	50.8%	-6.1%	4.4K	-194.6K	-408	180.18	N/A	N/A	0	90	10
2025-09-15	$33.57	$0.00	37.3%	10.7%	4.1%	14.2%	0.0%	53.4%	-5.0%	4.3K	-196.4K	-382	179.00	N/A	N/A	0	90	10
2025-09-16	$33.56	$0.00	37.9%	10.9%	4.1%	14.6%	0.0%	54.1%	-5.2%	5.2K	-224.8K	-258	178.90	N/A	N/A	0	90	10
2025-09-17	$33.56	$0.00	73.6%	21.1%	4.0%	43.0%	0.0%	58.1%	-5.8%	4.6K	-232.5K	-200	177.44	N/A	N/A	0	90	10
2025-09-18	$33.65	$0.00	39.2%	11.2%	4.1%	15.7%	0.0%	56.9%	-4.7%	5.2K	-236.2K	-201	177.94	N/A	N/A	0	90	10
2025-09-19	$33.64	$0.00	39.9%	11.4%	4.0%	16.2%	0.0%	57.9%	-4.9%	403	-283.6K	-135	178.50	N/A	N/A	0	90	10
2025-09-22	$33.67	$0.00	42.2%	12.1%	2.9%	18.0%	0.0%	60.7%	-5.5%	858	-82.5K	-314	176.70	N/A	N/A	0	42	10
2025-09-23	$33.63	$0.00	43.1%	12.4%	2.9%	18.7%	0.0%	59.9%	-5.9%	395	-122.0K	-133	176.75	N/A	N/A	0	42	10
2025-09-24	$33.57	$0.00	44.0%	12.6%	3.0%	19.5%	0.0%	61.1%	-6.3%	511	-120.8K	-135	178.16	N/A	N/A	0	42	10
2025-09-25	$33.49	$0.00	51.1%	14.6%	3.2%	25.1%	0.0%	64.3%	-8.2%	1.1K	-120.6K	-99	178.86	N/A	N/A	1	42	10
2025-09-26	$33.55	$0.00	45.7%	13.1%	3.2%	20.8%	0.0%	65.4%	-6.8%	11	-124.6K	-103	177.54	N/A	N/A	0	43	10
2025-09-29	$33.60	$0.00	49.3%	14.1%	3.0%	23.7%	0.0%	71.1%	-7.9%	-495	-126.0K	-99	178.03	N/A	N/A	0	43	10
2025-09-30	$33.59	$0.00	50.8%	14.6%	3.0%	24.8%	0.0%	73.2%	-8.4%	-514	-125.5K	-100	177.69	N/A	N/A	0	43	10