AAXJ Options History — February 2024

In February 2024, AAXJ traded between $63.39 and $66.94. ATM implied volatility averaged 15.5%, placing in the 9.5% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded below realized volatility by 1.4% (HV 20d: 16.9%). Max pain ranged from $64.00 to $64.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.08.

Notable Days

2024-02-21: Highest Volume — 41 contracts
2024-02-22: Largest IV drop — 9.9% change
2024-02-01: Highest IV Rank — 12.0%
2024-02-21: Largest Expected Move — 4.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$65.41	$63.39	$66.94	$63.64	$65.93
Max Pain	$64.00	$64.00	$64.00	$64.00	$64.00
ATM IV	15.5%	14.3%	16.7%	16.7%	15.9%
Expected Move	4.4%	4.1%	4.7%	4.5%	4.6%
HV 20d	16.9%	15.5%	19.0%	16.9%	15.8%
HV 60d	16.9%	16.4%	17.2%	16.5%	17.2%
IV Rank	9.5%	7.2%	12.0%	12.0%	10.4%
IV Percentile	23.4%	11.5%	39.7%	39.7%	29.4%
Term Structure	-0.2%	-6.4%	2.1%	1.7%	-0.5%
VWIV	15.1%	13.5%	16.9%	14.6%	13.5%
Skew 25d	2.0%	0.5%	3.3%	2.2%	1.6%
Skew 10d	3.9%	0.3%	8.3%	3.8%	8.3%
Call IV 25d	14.2%	13.1%	15.6%	14.3%	15.4%
Put IV 25d	16.2%	14.9%	18.8%	16.6%	17.1%
Bid-Ask Spread %	100.70	87.24	111.33	96.37	111.33
Gamma HHI	0.65	0.48	0.83	0.48	0.80
Net GEX	832.5K	363.6K	2.1M	641.7K	505.8K
Net DEX	-3.5M	-5.2M	-2.0M	-2.3M	-3.3M
Net VEX	-5.9K	-8.6K	-3.6K	-7.9K	-4.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.08	0.00	0.50	0.00	0.00
Total Volume	2.9	0	41	0	1
Total OI	1,155.5	729	1,421	1,419	770

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
2024-02-01	$63.64	$64.00	16.7%	4.5%	16.9%	12.0%	0.0%	2.2%	1.7%	641.7K	-2.3M	-7.9K	0.00	96.37	N/A	N/A	0	0	1,393	26
2024-02-02	$63.39	$64.00	15.4%	4.6%	16.9%	9.3%	0.0%	2.0%	1.6%	583.3K	-2.0M	-7.3K	0.00	103.95	N/A	N/A	1	0	1,393	26
2024-02-05	$63.56	$64.00	16.6%	4.5%	17.0%	11.7%	0.0%	2.3%	2.1%	629.4K	-2.1M	-7.1K	0.00	100.89	N/A	N/A	0	0	1,392	26
2024-02-06	$65.05	$64.00	16.2%	4.5%	19.0%	10.9%	0.0%	3.0%	0.1%	964.2K	-3.8M	-8.6K	0.00	93.76	N/A	N/A	0	0	1,392	26
2024-02-07	$65.20	$64.00	15.4%	4.4%	18.3%	9.4%	0.0%	1.5%	1.2%	1.0M	-4.1M	-8.5K	0.00	89.55	N/A	N/A	0	0	1,392	26
2024-02-08	$64.81	$64.00	15.3%	4.4%	18.4%	9.2%	14.6%	1.4%	0.9%	998.4K	-3.4M	-7.8K	0.25	98.33	N/A	N/A	4	1	1,392	26
2024-02-09	$65.10	$64.00	15.1%	4.3%	18.4%	8.7%	15.3%	2.7%	1.6%	1.1M	-3.7M	-7.8K	0.00	90.46	N/A	N/A	0	1	1,393	25
2024-02-12	$65.70	$64.00	15.0%	4.3%	18.5%	8.6%	15.3%	1.1%	0.6%	1.4M	-5.0M	-7.0K	0.00	94.00	N/A	N/A	2	0	1,393	26
2024-02-13	$64.23	$64.00	15.8%	4.5%	17.7%	10.2%	0.0%	3.3%	0.3%	589.3K	-2.2M	-5.6K	0.00	101.08	N/A	N/A	1	0	1,395	26
2024-02-14	$65.31	$64.00	15.5%	4.5%	17.1%	9.6%	0.0%	0.5%	0.9%	1.5M	-3.7M	-6.2K	0.00	105.22	N/A	N/A	0	0	1,395	26
2024-02-15	$65.57	$64.00	15.4%	4.4%	16.8%	9.3%	0.0%	2.2%	-6.4%	1.8M	-4.0M	-5.8K	0.00	105.20	N/A	N/A	1	0	1,395	26
2024-02-16	$65.91	$64.00	15.3%	4.4%	16.5%	9.2%	0.0%	1.8%	-5.7%	2.1M	-5.2M	-4.9K	0.00	108.77	N/A	N/A	0	0	1,395	26
2024-02-20	$65.91	$64.00	16.2%	4.6%	15.9%	10.8%	0.0%	1.4%	-0.9%	410.2K	-3.1M	-4.5K	0.00	104.40	N/A	N/A	0	0	718	11
2024-02-21	$66.06	$64.00	16.4%	4.7%	15.8%	11.4%	0.0%	2.4%	-0.8%	393.6K	-3.1M	-4.4K	0.00	109.57	N/A	N/A	41	0	718	11
2024-02-22	$66.94	$64.00	14.8%	4.2%	15.6%	8.1%	0.0%	1.7%	-0.6%	363.6K	-3.9M	-4.3K	0.00	96.22	N/A	N/A	0	0	759	11
2024-02-23	$66.91	$64.00	14.7%	4.2%	15.5%	8.0%	15.3%	1.3%	-0.1%	369.4K	-3.9M	-4.1K	0.50	87.24	N/A	N/A	2	1	759	11
2024-02-26	$66.60	$64.00	14.3%	4.1%	15.7%	7.2%	16.9%	2.4%	0.2%	420.2K	-3.9M	-3.8K	0.00	104.06	N/A	N/A	0	1	761	10
2024-02-27	$66.66	$64.00	14.9%	4.3%	15.7%	8.4%	0.0%	2.5%	-0.3%	401.1K	-4.0M	-3.6K	0.00	106.52	N/A	N/A	0	0	761	9
2024-02-28	$65.78	$64.00	14.8%	4.3%	15.9%	8.2%	13.5%	2.0%	0.5%	520.4K	-3.3M	-4.4K	0.00	107.04	N/A	N/A	1	0	761	9
2024-02-29	$65.93	$64.00	15.9%	4.6%	15.8%	10.4%	0.0%	1.6%	-0.5%	505.8K	-3.3M	-4.3K	0.00	111.33	N/A	N/A	1	0	761	9