AAXJ Options History — February 2021

In February 2021, AAXJ traded between $95.16 and $102.03. ATM implied volatility averaged 21.0%, placing in the 10.5% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 2.3% (HV 20d: 23.3%). Max pain ranged from $88.00 to $95.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 1.97.

Notable Days

  • 2021-02-02: Highest Volume — 150 contracts
  • 2021-02-10: Largest IV spike — 19.7% change
  • 2021-02-25: Highest IV Rank — 18.5%
  • 2021-02-25: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$99.08$95.16$102.03$96.20$95.16
Max Pain$91.58$88.00$95.00$94.00$95.00
ATM IV21.0%17.2%26.4%23.7%25.2%
Expected Move6.1%5.5%7.6%6.8%7.2%
HV 20d23.3%21.5%25.6%25.4%22.8%
HV 60d19.1%18.5%20.2%19.6%19.5%
IV Rank10.5%4.8%18.5%14.6%16.7%
IV Percentile46.8%12.7%74.2%63.1%71.8%
Term Structure1.5%-1.7%3.5%2.1%-0.1%
VWIV21.9%14.4%26.2%24.1%14.4%
Skew 25d4.4%2.6%8.7%5.0%5.7%
Skew 10d11.4%6.3%19.1%16.2%13.6%
Call IV 25d20.0%18.5%23.2%21.7%23.2%
Put IV 25d24.4%21.8%29.5%26.7%28.9%
Bid-Ask Spread %81.7164.2698.4166.2088.35
Gamma HHI0.200.130.300.130.19
Net GEX125.4K52.1K177.3K52.1K96.6K
Net DEX-3.7M-4.6M-2.4M-2.7M-2.4M
Net VEX-14.7K-16.3K-13.2K-16.3K-14.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.970.0017.000.000.11
Total Volume37.4743150310
Total OI1,3451,2161,5251,2931,287

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$96.20$94.0023.7%6.8%25.4%14.6%0.0%5.0%2.1%52.1K-2.7M-16.3K0.0066.20N/AN/A30698595
2021-02-02$97.65$94.0021.7%6.2%25.6%11.6%24.1%3.3%0.6%80.4K-3.2M-15.4K0.0469.21N/AN/A1446700595
2021-02-03$98.19$94.0020.2%5.8%24.6%9.3%0.0%3.0%1.0%94.3K-3.5M-15.4K0.3368.89N/AN/A62726601
2021-02-04$97.70$88.0019.0%5.8%24.4%7.6%24.7%5.0%2.6%84.5K-3.4M-15.3K17.0076.62N/AN/A117725602
2021-02-05$98.60$88.0017.4%5.5%24.4%5.1%26.2%4.3%3.5%100.6K-3.6M-14.4K0.2280.37N/AN/A184725619
2021-02-08$98.85$88.0017.6%5.6%22.9%5.5%21.8%4.2%3.2%108.4K-3.7M-14.0K5.0079.15N/AN/A420723622
2021-02-09$100.16$88.0017.2%5.6%22.7%4.8%20.4%3.9%3.0%138.2K-4.0M-13.8K0.7386.50N/AN/A118719622
2021-02-10$100.31$88.0020.5%5.9%22.7%9.8%19.8%3.6%1.9%145.8K-4.1M-13.6K0.1387.69N/AN/A162724621
2021-02-11$101.60$88.0020.2%5.8%23.0%9.3%20.5%3.1%2.5%171.4K-4.4M-13.2K0.3297.55N/AN/A6922726623
2021-02-12$101.57$88.0020.1%5.7%22.9%9.1%0.0%2.6%3.0%177.3K-4.3M-14.3K0.0098.41N/AN/A30765644
2021-02-16$101.83$88.0020.5%5.9%22.3%9.8%23.8%3.4%2.6%174.5K-4.5M-13.4K3.5995.67N/AN/A1761766639
2021-02-17$102.03$89.0020.7%5.9%21.5%10.0%20.8%3.0%2.7%125.7K-4.4M-13.7K5.0095.35N/AN/A420767659
2021-02-18$100.42$95.0020.9%6.0%21.5%10.3%21.0%5.1%-0.4%111.5K-3.9M-14.1K0.0196.29N/AN/A771767679
2021-02-19$101.19$95.0021.1%6.0%21.6%10.6%21.5%4.6%0.4%153.4K-4.6M-14.9K1.1573.08N/AN/A1315845680
2021-02-22$98.44$95.0021.6%6.2%23.7%11.4%24.0%5.5%1.2%152.3K-3.5M-15.2K1.8575.80N/AN/A3463714502
2021-02-23$98.92$95.0022.3%6.4%23.6%12.4%20.7%4.4%0.2%151.6K-3.7M-15.7K0.1764.26N/AN/A61746544
2021-02-24$97.62$95.0022.3%6.4%23.8%12.5%23.1%4.8%0.5%138.8K-3.2M-15.9K1.3380.20N/AN/A34748545
2021-02-25$96.09$95.0026.4%7.6%22.6%18.5%24.2%8.7%-1.7%124.4K-2.9M-15.4K0.4272.95N/AN/A198751541
2021-02-26$95.16$95.0025.2%7.2%22.8%16.7%14.4%5.7%-0.1%96.6K-2.4M-14.5K0.1188.35N/AN/A91749538