AAXJ Options History — September 2012

In September 2012, AAXJ traded between $52.40 and $56.87. ATM implied volatility averaged 18.9%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 4.4% (HV 20d: 14.5%). Max pain ranged from $50.00 to $54.00. Net GEX was positive for 14 of 18 trading days. Term structure was in contango for 18 of 18 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-09-26: Highest Volume — 676 contracts
  • 2012-09-06: Largest IV drop — 9.8% change
  • 2012-09-05: Highest IV Rank — 16.0%
  • 2012-09-05: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.24$52.40$56.87$52.79$56.26
Max Pain$50.39$50.00$54.00$51.00$50.00
ATM IV18.9%16.7%21.3%21.0%17.6%
Expected Move5.5%4.8%6.1%6.0%5.1%
HV 20d14.5%8.6%17.7%8.6%17.7%
HV 60d18.9%16.3%20.7%20.2%16.3%
IV Rank11.2%6.2%16.0%15.4%7.8%
IV Percentile15.5%5.6%32.5%31.3%8.3%
Term Structure2.2%1.4%3.4%1.5%1.7%
VWIV21.1%18.9%23.5%21.0%18.9%
Skew 25d3.8%2.3%5.5%5.5%3.4%
Skew 10d8.5%1.8%12.4%3.4%9.3%
Call IV 25d17.1%14.2%18.8%17.2%15.7%
Put IV 25d20.9%18.5%22.7%22.7%19.1%
Bid-Ask Spread %67.9328.96107.18103.3159.73
Gamma HHI0.310.190.620.240.62
Net GEX18.1K-107.4K64.5K1.1K-107.4K
Net DEX-315.1K-798.3K933.0K-127.0K933.0K
Net VEX-1.8K-7.9K-889-1.5K-7.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume60.444067600
Total OI945.6673481,1868971,041

Daily Data (18 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-09-04$52.79$51.0021.0%6.0%8.6%15.4%0.0%5.5%1.5%1.1K-127.0K-1.5K0.00103.31N/AN/A00176721
2012-09-05$52.40$51.0021.3%6.1%8.6%16.0%0.0%5.1%1.4%-9.3K-72.5K-1.4K0.00107.18N/AN/A00176721
2012-09-06$53.27$51.0019.2%5.5%10.7%12.4%21.0%4.3%1.6%40.6K-263.3K-9850.00103.48N/AN/A06176721
2012-09-07$54.31$54.0017.7%5.6%12.6%9.9%23.5%4.4%2.8%64.5K-387.8K-9480.0089.47N/AN/A0208176727
2012-09-10$53.81$50.0018.8%5.8%12.9%11.7%0.0%4.6%2.5%19.3K-133.2K-1.8K0.0074.45N/AN/A040176935
2012-09-11$54.42$50.0019.8%5.9%13.3%13.5%0.0%3.8%2.4%33.8K-226.2K-1.9K0.0070.18N/AN/A00176955
2012-09-12$54.87$50.0018.8%5.8%13.5%11.8%0.0%3.6%2.5%42.9K-325.2K-1.7K0.0028.96N/AN/A00176955
2012-09-13$56.03$50.0019.7%5.6%15.3%13.2%0.0%4.0%1.9%47.0K-551.8K-1.4K0.0074.81N/AN/A160176955
2012-09-14$56.87$50.0019.4%5.6%16.0%12.8%0.0%3.5%2.0%37.0K-658.9K-1.2K0.0077.04N/AN/A00171955
2012-09-17$56.46$50.0019.8%5.7%16.2%13.5%18.9%3.4%2.4%46.4K-636.7K-1.1K0.0074.67N/AN/A10171955
2012-09-18$56.35$50.0019.3%5.5%16.3%12.5%0.0%3.5%2.5%39.0K-660.9K-1.0K0.0078.38N/AN/A00172955
2012-09-19$56.60$50.0018.2%5.2%16.3%8.7%0.0%2.3%2.8%26.3K-704.6K-8890.0073.48N/AN/A40172955
2012-09-20$56.18$50.0018.4%5.3%16.6%9.2%0.0%2.6%3.0%28.1K-652.6K-9610.0038.50N/AN/A1240169955
2012-09-21$56.33$50.0017.2%4.9%16.4%7.1%0.0%2.8%3.4%15.1K-798.3K-1.7K0.0039.69N/AN/A00231955
2012-09-24$56.35$50.0016.7%4.8%16.4%6.2%0.0%3.6%2.2%5.2K-170.9K-1.6K0.0036.60N/AN/A100108240
2012-09-25$55.59$50.0018.2%5.2%16.9%8.8%0.0%4.3%2.0%-814-126.3K-1.7K0.0043.36N/AN/A30118240
2012-09-26$55.34$50.0019.3%5.5%16.9%10.7%0.0%4.1%1.8%-3.4K-109.5K-1.8K0.0049.44N/AN/A0676121240
2012-09-28$56.26$50.0017.6%5.1%17.7%7.8%0.0%3.4%1.7%-107.4K933.0K-7.9K0.0059.73N/AN/A00123918