AAXJ Options History — September 2011

In September 2011, AAXJ traded between $46.64 and $54.93. ATM implied volatility averaged 36.9%. The 30-day expected move averaged 10.0%. IV traded below realized volatility by 13.6% (HV 20d: 50.5%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 1 of 9 trading days. Term structure was in contango for 4 of 9 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-09-22: Highest Volume — 1 contracts
  • 2011-09-09: Largest IV drop — 64.5% change
  • 2011-09-30: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.25$46.64$54.93$54.93$46.64
Max Pain$50.56$45.00$55.00$55.00$45.00
ATM IV36.9%18.3%51.6%51.6%49.7%
Expected Move10.0%5.3%14.2%9.1%14.2%
HV 20d50.5%43.3%56.8%43.3%56.8%
HV 60d35.9%31.3%40.1%31.3%40.1%
Term Structure-1.1%-16.9%3.8%-16.9%-0.8%
VWIV23.5%23.5%23.5%23.5%23.5%
Skew 25d12.4%1.5%26.2%2.8%26.2%
Skew 10d11.7%-1.4%21.5%-1.4%9.0%
Call IV 25d34.6%24.9%60.8%60.8%37.6%
Put IV 25d47.0%30.8%63.8%63.6%63.8%
Bid-Ask Spread %121.0157.31200.00200.00137.13
Gamma HHI0.520.290.980.980.29
Net GEX-28.8K-171.3K3.2K-86.2K-1.3K
Net DEX339.2K-22.0K1.7M915.2K85.7K
Net VEX-488-1.4K-158-1.4K-342
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.1110100
Total OI127.5562340137461

Daily Data (9 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-09-08$54.93$55.0051.6%9.1%43.3%0.0%0.0%2.8%-16.9%-86.2K915.2K-1.4K0.00200.00N/AN/A0029345
2011-09-09$53.41$55.0018.3%5.3%43.6%0.0%0.0%0.0%-1.0%3.2K-22.0K-1580.00200.00N/AN/A00221
2011-09-16$53.70$55.0026.6%7.6%43.9%0.0%0.0%7.9%1.2%-171.3K1.7M-7020.0065.64N/AN/A0031370
2011-09-21$50.14$55.0034.4%9.9%48.8%0.0%0.0%1.5%3.6%-13869.0K-3920.00153.33N/AN/A002726
2011-09-22$46.87$55.0041.2%11.8%52.9%0.0%23.5%0.0%-1.0%-38679.6K-3180.0057.31N/AN/A102726
2011-09-27$49.56$45.0034.9%10.0%54.7%0.0%0.0%17.4%2.3%-71572.8K-4030.0092.68N/AN/A002635
2011-09-28$48.18$45.0039.3%11.3%54.8%0.0%0.0%15.3%-0.7%-1.3K87.0K-3490.0091.59N/AN/A002635
2011-09-29$48.82$45.0036.1%10.4%55.5%0.0%0.0%15.6%3.8%-1.2K82.7K-3590.0091.44N/AN/A002635
2011-09-30$46.64$45.0049.7%14.2%56.8%0.0%0.0%26.2%-0.8%-1.3K85.7K-3420.00137.13N/AN/A002635