AAXJ Options History — February 2023

In February 2023, AAXJ traded between $65.41 and $72.15. ATM implied volatility averaged 21.8%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 4.8% (HV 20d: 17.0%). Max pain ranged from $60.00 to $65.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.00.

Notable Days

2023-02-01: Highest Volume — 13 contracts
2023-02-06: Largest IV spike — 71.8% change
2023-02-06: Highest IV Rank — 60.1%
2023-02-22: Largest Expected Move — 10.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$68.61	$65.41	$72.15	$72.15	$65.52
Max Pain	$60.26	$60.00	$65.00	$65.00	$60.00
ATM IV	21.8%	14.8%	37.3%	26.1%	14.8%
Expected Move	6.1%	4.2%	10.3%	7.5%	4.2%
HV 20d	17.0%	15.5%	17.9%	17.7%	17.1%
HV 60d	20.2%	18.0%	23.4%	23.4%	18.0%
IV Rank	20.9%	3.0%	60.1%	31.7%	3.0%
IV Percentile	32.6%	0.4%	98.0%	67.5%	0.4%
Term Structure	-0.3%	-12.3%	6.6%	-1.6%	6.6%
VWIV	19.3%	12.1%	25.9%	25.9%	18.9%
Skew 25d	7.0%	-5.1%	17.7%	1.1%	2.0%
Skew 10d	7.4%	-5.5%	21.4%	15.2%	-3.6%
Call IV 25d	21.6%	12.1%	34.3%	33.3%	18.2%
Put IV 25d	28.6%	13.2%	45.5%	34.4%	20.2%
Bid-Ask Spread %	110.77	77.92	133.56	111.05	128.44
Gamma HHI	0.59	0.44	0.86	0.46	0.70
Net GEX	680.5K	246.8K	2.1M	517.1K	246.8K
Net DEX	-5.9M	-9.8M	-1.6M	-9.8M	-1.6M
Net VEX	-9.5K	-13.6K	-2.8K	-12.5K	-2.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	1.474	0	13	13	0
Total OI	1,714.789	1,305	1,906	1,891	1,305

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2023-02-01	$72.15	$65.00	26.1%	7.5%	17.7%	31.7%	25.9%	1.1%	-1.6%	517.1K	-9.8M	-12.5K	111.05	N/A	N/A	13	1,847	44
2023-02-02	$71.41	$60.00	22.7%	6.1%	15.5%	23.2%	0.0%	2.6%	-1.7%	589.0K	-9.6M	-12.8K	77.92	N/A	N/A	0	1,858	44
2023-02-03	$70.20	$60.00	21.7%	5.8%	17.0%	20.6%	20.2%	2.3%	-0.2%	662.1K	-8.5M	-13.3K	83.27	N/A	N/A	5	1,858	44
2023-02-06	$69.22	$60.00	37.3%	9.0%	16.9%	60.1%	0.0%	14.5%	-9.0%	614.1K	-7.0M	-13.6K	98.54	N/A	N/A	1	1,858	44
2023-02-07	$69.65	$60.00	22.1%	5.9%	16.8%	21.7%	0.0%	15.0%	-0.7%	741.9K	-7.5M	-12.9K	103.77	N/A	N/A	1	1,859	44
2023-02-08	$69.45	$60.00	21.6%	6.2%	16.8%	20.2%	19.7%	11.1%	2.8%	724.0K	-7.5M	-12.7K	103.92	N/A	N/A	2	1,860	44
2023-02-09	$69.94	$60.00	19.2%	5.5%	16.9%	14.3%	0.0%	0.7%	1.7%	659.2K	-8.0M	-12.1K	127.35	N/A	N/A	0	1,862	44
2023-02-10	$69.22	$60.00	24.6%	7.0%	17.3%	27.8%	0.0%	14.2%	3.2%	580.1K	-7.2M	-12.1K	111.24	N/A	N/A	0	1,862	44
2023-02-13	$69.75	$60.00	19.7%	5.6%	17.2%	15.5%	0.0%	17.6%	0.7%	639.0K	-7.4M	-11.1K	124.39	N/A	N/A	0	1,862	44
2023-02-14	$69.56	$60.00	19.7%	5.6%	17.1%	15.5%	0.0%	17.7%	-0.9%	765.4K	-7.3M	-10.8K	114.98	N/A	N/A	0	1,862	44
2023-02-15	$68.57	$60.00	20.1%	5.7%	17.7%	16.4%	0.0%	8.4%	3.9%	911.6K	-6.3M	-9.8K	109.96	N/A	N/A	0	1,862	44
2023-02-16	$68.75	$60.00	19.3%	5.5%	17.4%	14.5%	12.1%	3.5%	1.8%	1.2M	-7.3M	-9.3K	82.93	N/A	N/A	1	1,862	44
2023-02-17	$67.85	$60.00	19.9%	5.7%	16.9%	15.9%	19.3%	1.5%	-0.4%	2.1M	-5.0M	-8.0K	83.76	N/A	N/A	2	1,861	44
2023-02-21	$67.28	$60.00	22.6%	6.5%	16.4%	22.9%	18.9%	3.6%	-3.7%	460.6K	-3.3M	-6.9K	126.62	N/A	N/A	2	1,277	31
2023-02-22	$66.66	$60.00	35.9%	10.3%	16.5%	56.6%	0.0%	11.3%	-12.3%	393.3K	-2.6M	-5.7K	133.56	N/A	N/A	0	1,275	31
2023-02-23	$67.05	$60.00	14.8%	4.2%	16.8%	3.1%	0.0%	-5.1%	-0.1%	412.2K	-2.9M	-6.6K	125.06	N/A	N/A	0	1,275	31
2023-02-24	$65.41	$60.00	16.1%	4.6%	17.4%	6.4%	0.0%	8.8%	6.4%	279.6K	-1.8M	-4.0K	131.64	N/A	N/A	1	1,275	31
2023-02-27	$65.90	$60.00	16.9%	4.8%	17.9%	8.3%	0.0%	1.7%	-1.7%	407.9K	-2.0M	-3.7K	126.25	N/A	N/A	0	1,274	31
2023-02-28	$65.52	$60.00	14.8%	4.2%	17.1%	3.0%	0.0%	2.0%	6.6%	246.8K	-1.6M	-2.8K	128.44	N/A	N/A	0	1,274	31