AAXJ Options History — July 2022

In July 2022, AAXJ traded between $66.52 and $69.25. ATM implied volatility averaged 23.9%, placing in the 44.6% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 2.5% (HV 20d: 21.4%). Max pain ranged from $67.00 to $71.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.82.

Notable Days

2022-07-27: Highest Volume — 119 contracts
2022-07-11: Largest IV spike — 38.9% change
2022-07-12: Highest IV Rank — 80.1%
2022-07-12: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$67.85	$66.52	$69.25	$68.68	$67.85
Max Pain	$69.44	$67.00	$71.00	$67.87	$68.00
ATM IV	23.9%	19.7%	32.4%	23.0%	20.0%
Expected Move	6.7%	5.6%	7.6%	6.6%	5.7%
HV 20d	21.4%	16.0%	26.4%	26.4%	17.9%
HV 60d	24.8%	24.5%	25.3%	24.6%	24.8%
IV Rank	44.6%	26.0%	80.1%	43.3%	27.2%
IV Percentile	74.4%	49.6%	99.6%	75.4%	52.0%
Term Structure	0.2%	-2.0%	2.2%	1.2%	0.5%
VWIV	21.9%	19.7%	23.7%	22.5%	19.7%
Skew 25d	5.0%	3.4%	6.4%	4.8%	3.4%
Skew 10d	9.3%	5.8%	12.4%	7.0%	5.8%
Call IV 25d	21.1%	18.2%	24.2%	20.5%	18.8%
Put IV 25d	26.1%	22.1%	29.5%	25.3%	22.1%
Bid-Ask Spread %	44.72	32.56	75.30	75.30	50.55
Gamma HHI	0.79	0.56	0.96	0.89	0.57
Net GEX	-171.6K	-239.1K	-124.1K	-124.1K	-239.1K
Net DEX	1.5M	1.2M	1.8M	1.4M	1.6M
Net VEX	-7.6K	-8.1K	-7.1K	-7.9K	-7.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.17	1.57	0.17	1.13
Total Volume	63.45	21	119	21	119
Total OI	820.95	759	914	766	914

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
2022-07-01	$68.68	$67.87	23.0%	6.6%	26.4%	43.3%	22.5%	4.8%	1.2%	-124.1K	1.4M	-7.9K	0.17	75.30	N/A	N/A	18	3	60	706
2022-07-05	$68.30	$71.00	27.0%	7.4%	25.8%	59.4%	22.8%	6.4%	-2.0%	-127.9K	1.5M	-7.7K	0.17	39.25	N/A	N/A	18	3	61	706
2022-07-06	$67.95	$71.00	25.7%	7.1%	25.5%	54.4%	21.6%	6.1%	-1.5%	-134.3K	1.5M	-7.9K	0.39	41.11	N/A	N/A	18	7	61	710
2022-07-07	$69.25	$71.00	23.5%	6.8%	26.4%	45.5%	21.9%	5.1%	-0.9%	-126.3K	1.2M	-7.2K	0.39	35.86	N/A	N/A	18	7	62	710
2022-07-08	$69.18	$71.00	22.6%	6.6%	26.1%	42.0%	20.8%	5.2%	-0.3%	-126.1K	1.3M	-7.2K	0.39	38.37	N/A	N/A	18	7	62	710
2022-07-11	$67.21	$71.00	31.4%	7.5%	26.3%	77.4%	23.4%	5.3%	0.7%	-145.9K	1.6M	-7.5K	0.37	36.66	N/A	N/A	19	7	62	710
2022-07-12	$66.99	$71.00	32.4%	7.6%	26.2%	80.1%	23.7%	5.4%	0.4%	-146.9K	1.6M	-7.7K	0.37	36.51	N/A	N/A	19	7	63	710
2022-07-13	$66.98	$71.00	25.2%	7.2%	23.1%	49.5%	22.8%	5.4%	1.2%	-151.9K	1.6M	-7.6K	0.37	42.59	N/A	N/A	19	7	63	710
2022-07-14	$66.52	$71.00	25.2%	7.2%	22.5%	49.4%	22.1%	6.1%	1.1%	-154.5K	1.8M	-7.6K	0.37	47.06	N/A	N/A	19	7	63	710
2022-07-15	$66.67	$71.00	23.3%	6.7%	21.8%	41.3%	20.3%	5.7%	0.2%	-163.9K	1.7M	-7.5K	0.37	48.54	N/A	N/A	19	7	63	710
2022-07-18	$67.05	$71.00	23.7%	6.8%	18.9%	43.2%	21.9%	5.0%	-0.1%	-164.4K	1.6M	-7.1K	0.17	40.53	N/A	N/A	40	7	50	709
2022-07-19	$68.16	$67.00	23.5%	6.7%	19.6%	42.2%	23.2%	5.4%	-0.3%	-150.8K	1.3M	-7.5K	1.57	44.79	N/A	N/A	40	63	77	710
2022-07-20	$67.86	$68.00	23.1%	6.6%	18.4%	40.7%	23.1%	5.4%	-0.3%	-178.3K	1.5M	-7.8K	1.57	61.71	N/A	N/A	40	63	77	766
2022-07-21	$68.41	$68.00	22.7%	6.5%	17.4%	38.6%	22.3%	4.6%	-0.1%	-198.2K	1.5M	-7.9K	1.57	40.63	N/A	N/A	40	63	77	821
2022-07-22	$67.56	$68.00	21.1%	6.0%	17.8%	32.0%	21.0%	4.0%	0.6%	-221.7K	1.7M	-8.1K	1.57	42.27	N/A	N/A	40	63	77	821
2022-07-25	$67.81	$68.00	21.8%	6.2%	16.0%	35.0%	21.4%	4.0%	-0.3%	-218.1K	1.6M	-7.8K	1.57	36.13	N/A	N/A	40	63	77	821
2022-07-26	$67.32	$68.00	22.4%	6.4%	16.1%	37.5%	21.6%	4.3%	0.2%	-230.5K	1.8M	-7.7K	1.57	32.56	N/A	N/A	40	63	77	821
2022-07-27	$68.63	$68.00	20.0%	5.7%	17.7%	27.5%	20.7%	4.4%	2.2%	-211.0K	1.4M	-7.4K	1.13	49.30	N/A	N/A	56	63	77	821
2022-07-28	$68.56	$68.00	19.7%	5.6%	17.6%	26.0%	20.3%	4.6%	1.3%	-217.2K	1.4M	-7.2K	1.13	54.75	N/A	N/A	56	63	93	821
2022-07-29	$67.85	$68.00	20.0%	5.7%	17.9%	27.2%	19.7%	3.4%	0.5%	-239.1K	1.6M	-7.5K	1.13	50.55	N/A	N/A	56	63	93	821