QAI Options History — January 2026

In January 2026, QAI traded between $33.72 and $34.62. ATM implied volatility averaged 57.5%, placing in the 36.2% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 50.1% (HV 20d: 7.4%). Max pain ranged from $37.00 to $38.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 1.00.

Notable Days

2026-01-29: Highest Volume — 2 contracts
2026-01-14: Largest IV drop — 70.8% change
2026-01-13: Highest IV Rank — 87.3%
2026-01-02: Largest Expected Move — 16.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$34.23	$33.72	$34.62	$33.72	$34.28
Max Pain	$37.50	$37.00	$38.00	$37.00	$38.00
ATM IV	57.5%	37.3%	128.0%	55.9%	49.1%
Expected Move	11.4%	9.2%	16.0%	16.0%	14.1%
HV 20d	7.4%	5.4%	7.8%	6.9%	6.5%
HV 60d	6.5%	6.2%	6.9%	6.7%	6.7%
IV Rank	36.2%	21.6%	87.3%	35.1%	30.2%
IV Percentile	48.6%	7.9%	98.8%	62.3%	50.0%
Term Structure	-3.8%	-9.2%	-1.4%	-9.2%	-7.5%
VWIV	16.8%	16.8%	16.8%	16.8%	16.8%
Skew 25d	52.9%	8.3%	79.5%	78.4%	71.7%
Skew 10d	53.6%	7.4%	89.3%	89.3%	75.2%
Call IV 25d	29.0%	16.8%	74.3%	43.0%	27.3%
Put IV 25d	81.9%	67.3%	121.4%	121.4%	99.1%
Bid-Ask Spread %	182.32	176.75	185.91	176.75	178.22
Gamma HHI	0.65	0.41	0.77	0.70	0.41
Net GEX	354	-46	520	500	-40
Net DEX	-5.2K	-7.1K	-1.8K	-5.2K	-4.8K
Net VEX	-43	-63	-35	-41	-63
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.00	1.00	1.00	1.00	1.00
Total Volume	0.2	0	2	0	0
Total OI	8.15	7	11	8	11

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2026-01-02	$33.72	$37.00	55.9%	16.0%	6.9%	35.1%	0.0%	78.4%	-9.2%	500	-5.2K	-41	0.00	176.75	N/A	N/A	0	0	7	1
2026-01-05	$33.93	$0.00	62.9%	9.2%	7.3%	40.2%	0.0%	43.0%	-1.6%	514	-5.6K	-40	0.00	185.88	N/A	N/A	0	0	7	1
2026-01-06	$34.11	$0.00	65.8%	9.3%	7.5%	42.3%	0.0%	44.2%	-1.5%	520	-6.0K	-42	0.00	183.23	N/A	N/A	0	0	7	1
2026-01-07	$33.97	$0.00	70.1%	9.6%	7.7%	45.4%	0.0%	45.3%	-1.9%	477	-6.2K	-41	0.00	185.91	N/A	N/A	0	0	7	1
2026-01-08	$33.98	$0.00	73.8%	9.5%	7.7%	48.0%	0.0%	45.9%	-1.4%	512	-5.8K	-41	0.00	185.58	N/A	N/A	0	0	7	1
2026-01-09	$34.12	$0.00	80.0%	9.7%	7.6%	52.5%	0.0%	45.3%	-1.4%	483	-6.5K	-42	0.00	184.72	N/A	N/A	0	0	7	1
2026-01-12	$34.20	$0.00	109.0%	10.1%	7.6%	73.6%	0.0%	47.7%	-1.7%	512	-6.4K	-39	0.00	183.02	N/A	N/A	0	0	7	1
2026-01-13	$34.18	$0.00	128.0%	10.6%	7.3%	87.3%	0.0%	48.4%	-4.2%	515	-6.3K	-39	0.00	183.45	N/A	N/A	0	0	7	1
2026-01-14	$34.22	$0.00	37.3%	10.7%	7.3%	21.6%	0.0%	49.1%	-4.2%	509	-6.5K	-38	0.00	183.44	N/A	N/A	0	0	7	1
2026-01-15	$34.32	$0.00	38.6%	11.1%	7.3%	22.6%	0.0%	50.1%	-3.3%	477	-7.1K	-39	0.00	183.68	N/A	N/A	0	0	7	1
2026-01-16	$34.31	$0.00	39.2%	11.2%	7.2%	23.0%	0.0%	50.8%	-3.4%	426	-5.5K	-38	0.00	183.39	N/A	N/A	0	0	7	1
2026-01-20	$34.08	$0.00	39.3%	11.3%	7.5%	23.1%	0.0%	53.0%	-2.7%	419	-5.0K	-35	0.00	182.67	N/A	N/A	0	0	6	1
2026-01-21	$34.29	$0.00	40.1%	11.5%	7.7%	23.6%	0.0%	8.3%	-2.6%	430	-5.4K	-35	0.00	184.85	N/A	N/A	0	0	6	1
2026-01-22	$34.37	$0.00	43.0%	12.3%	7.7%	25.7%	0.0%	56.6%	-4.4%	420	-5.7K	-36	0.00	182.72	N/A	N/A	0	1	6	1
2026-01-23	$34.38	$0.00	43.4%	12.4%	7.7%	26.0%	0.0%	57.4%	-4.4%	352	-4.7K	-44	0.00	182.13	N/A	N/A	0	0	6	2
2026-01-26	$34.41	$0.00	46.3%	13.3%	7.7%	28.1%	0.0%	59.5%	-5.3%	126	-3.7K	-44	0.00	180.17	N/A	N/A	0	1	6	2
2026-01-27	$34.55	$0.00	41.9%	12.0%	7.8%	24.9%	0.0%	60.3%	-4.9%	-13	-2.6K	-52	0.00	179.96	N/A	N/A	0	0	6	3
2026-01-28	$34.62	$0.00	41.7%	11.9%	7.7%	24.8%	0.0%	62.9%	-5.8%	-46	-1.8K	-51	0.00	179.27	N/A	N/A	0	0	6	3
2026-01-29	$34.60	$0.00	43.7%	12.5%	5.4%	26.3%	16.8%	79.5%	-5.4%	-4	-2.9K	-51	1.00	177.32	N/A	N/A	1	1	6	3
2026-01-30	$34.28	$38.00	49.1%	14.1%	6.5%	30.2%	0.0%	71.7%	-7.5%	-40	-4.8K	-63	0.00	178.22	N/A	N/A	0	0	7	4