AAXJ Options History — January 2023

In January 2023, AAXJ traded between $65.69 and $73.02. ATM implied volatility averaged 29.4%, placing in the 41.9% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 9.5% (HV 20d: 20.0%). Max pain ranged from $62.00 to $68.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.86.

Notable Days

  • 2023-01-04: Highest Volume — 528 contracts
  • 2023-01-05: Largest IV spike — 117.6% change
  • 2023-01-09: Highest IV Rank — 100.0%
  • 2023-01-05: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$70.35$65.69$73.02$65.69$70.81
Max Pain$65.00$62.00$68.00$62.00$65.00
ATM IV29.4%20.0%53.0%20.3%31.9%
Expected Move7.5%5.7%9.6%5.8%9.2%
HV 20d20.0%16.0%21.9%18.4%17.2%
HV 60d24.9%22.8%26.7%26.6%23.2%
IV Rank41.9%19.1%100.0%20.1%46.5%
IV Percentile68.8%27.0%100.0%32.5%91.3%
Term Structure-5.1%-19.8%6.7%3.9%-12.3%
VWIV21.1%12.2%27.6%21.0%22.3%
Skew 25d5.3%-15.3%19.2%13.4%10.0%
Skew 10d8.1%-9.4%39.8%2.7%-9.4%
Call IV 25d26.4%11.2%47.4%20.4%37.0%
Put IV 25d31.7%14.3%47.5%33.9%47.0%
Bid-Ask Spread %122.2498.71139.76110.7398.71
Gamma HHI0.540.450.830.790.48
Net GEX484.4K261.3K646.0K261.3K511.8K
Net DEX-8.0M-10.4M-3.1M-3.1M-8.4M
Net VEX-15.3K-18.9K-12.3K-12.3K-14.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.0011.000.010.00
Total Volume35.90528017
Total OI1,774.11,2501,8741,2501,874

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$65.69$62.0020.3%5.8%18.4%20.1%0.0%13.4%3.9%261.3K-3.1M-12.3K0.00110.73N/AN/A001,23317
2023-01-04$67.75$62.0020.0%5.7%21.4%19.1%21.0%10.6%6.7%324.8K-3.6M-13.3K0.01133.51N/AN/A52441,23317
2023-01-05$67.63$68.0043.5%9.6%21.4%89.1%0.0%-4.6%-6.1%367.5K-5.9M-18.9K0.00114.87N/AN/A001,75717
2023-01-06$68.77$68.0030.6%6.4%21.9%50.7%24.6%15.1%0.7%492.8K-6.5M-18.4K0.00123.42N/AN/A201,75717
2023-01-09$69.40$68.0049.7%8.1%21.8%100.0%0.0%15.9%-2.9%452.4K-7.5M-17.7K0.00135.20N/AN/A001,75917
2023-01-10$69.65$68.0053.0%8.4%21.8%100.0%23.3%-15.3%-8.8%497.6K-7.3M-17.7K0.78120.93N/AN/A18141,75917
2023-01-11$69.91$64.0022.9%6.6%21.6%23.6%18.9%16.1%-5.0%508.0K-7.7M-17.3K1.00125.02N/AN/A661,77631
2023-01-12$70.09$64.0023.2%6.6%21.6%24.3%18.6%4.3%-3.6%549.6K-7.9M-17.3K0.00132.24N/AN/A3101,77631
2023-01-13$70.72$64.0021.4%6.1%21.7%19.8%0.0%2.8%2.2%451.8K-8.1M-17.6K0.00117.87N/AN/A101,80631
2023-01-17$70.34$64.0024.2%6.9%19.8%26.9%0.0%19.2%-7.4%646.0K-8.0M-16.1K0.00129.67N/AN/A001,80731
2023-01-18$69.97$64.0030.8%8.8%20.1%43.7%0.0%1.6%-13.2%526.8K-8.1M-16.1K0.00138.39N/AN/A201,80731
2023-01-19$70.60$64.0025.7%7.4%19.9%30.6%27.6%5.8%1.7%547.1K-8.0M-16.0K1.00112.43N/AN/A32321,80931
2023-01-20$71.59$65.0032.0%9.2%20.0%46.8%18.6%3.2%-13.2%537.4K-9.4M-15.0K0.00130.37N/AN/A301,82143
2023-01-23$72.28$65.0025.1%7.2%20.0%29.3%0.0%3.3%-2.8%495.0K-10.2M-13.1K0.00112.54N/AN/A401,81933
2023-01-24$72.19$65.0026.4%7.6%19.3%32.5%20.3%6.0%-6.7%532.1K-10.2M-13.0K0.00109.90N/AN/A101,82433
2023-01-25$72.22$65.0025.2%7.2%19.2%29.4%12.2%5.0%-10.2%531.1K-9.8M-13.3K11.00131.48N/AN/A1111,82333
2023-01-26$73.02$65.0033.1%9.5%18.4%49.5%0.0%9.8%-19.8%526.7K-10.3M-12.3K0.00139.76N/AN/A201,82444
2023-01-27$72.91$65.0026.6%7.6%16.0%33.0%25.1%-7.4%-3.8%431.9K-10.4M-12.4K0.00119.39N/AN/A401,82744
2023-01-30$71.50$65.0022.5%6.5%17.6%22.7%22.3%-9.1%-1.4%495.8K-9.2M-13.6K0.00108.38N/AN/A301,82944
2023-01-31$70.81$65.0031.9%9.2%17.2%46.5%0.0%10.0%-12.3%511.8K-8.4M-14.1K0.0098.71N/AN/A1701,83044