AAXJ Options History — June 2011

In June 2011, AAXJ traded between $59.98 and $63.00. ATM implied volatility averaged 19.7%. The 30-day expected move averaged 5.6%. IV traded below realized volatility by 6.9% (HV 20d: 26.6%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 0 of 4 trading days. Term structure was in contango for 4 of 4 days.

Notable Days

  • 2011-06-06: Largest IV spike — 29.0% change
  • 2011-06-17: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$61.53$59.98$63.00$63.00$59.98
Max Pain$58.75$55.00$60.00$60.00$55.00
ATM IV19.7%16.4%21.5%16.4%21.5%
Expected Move5.6%4.7%6.2%4.7%6.2%
HV 20d26.6%26.4%27.0%26.4%27.0%
HV 60d21.3%21.1%21.6%21.1%21.6%
Term Structure0.3%0.0%0.5%0.5%0.2%
Skew 25d5.9%2.1%9.0%4.6%9.0%
Skew 10d8.1%2.0%14.4%4.2%14.4%
Call IV 25d15.6%13.7%17.4%15.9%15.5%
Put IV 25d21.5%19.5%24.5%20.5%24.5%
Bid-Ask Spread %52.7144.0359.4450.2457.15
Gamma HHI0.630.520.710.620.52
Net GEX-58.9K-99.5K-35.9K-35.9K-99.5K
Net DEX383.5K251.6K568.4K251.6K568.4K
Net VEX-3.2K-3.5K-2.9K-3.1K-3.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI466.75455501455501

Daily Data (4 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-06-01$63.00$60.0016.4%4.7%26.4%0.0%0.0%4.6%0.5%-35.9K251.6K-3.1K0.0050.24N/AN/A0032423
2011-06-06$62.27$60.0021.2%5.8%26.7%0.0%0.0%2.1%0.3%-42.8K290.9K-2.9K0.0044.03N/AN/A0032423
2011-06-10$60.88$60.0019.8%5.7%26.5%0.0%0.0%7.8%0.0%-57.4K423.2K-3.3K0.0059.44N/AN/A0033423
2011-06-17$59.98$55.0021.5%6.2%27.0%0.0%0.0%9.0%0.2%-99.5K568.4K-3.5K0.0057.15N/AN/A0033468