AAXJ Options History — May 2024

In May 2024, AAXJ traded between $68.40 and $73.44. ATM implied volatility averaged 12.8%, placing in the 5.5% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded below realized volatility by 1.3% (HV 20d: 14.1%). Max pain ranged from $68.00 to $71.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.22.

Notable Days

2024-05-14: Highest Volume — 15 contracts
2024-05-23: Largest IV spike — 81.8% change
2024-05-23: Highest IV Rank — 27.9%
2024-05-23: Largest Expected Move — 6.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$71.42	$68.40	$73.44	$68.40	$69.97
Max Pain	$70.77	$68.00	$71.00	$70.00	$71.00
ATM IV	12.8%	9.4%	23.7%	17.0%	12.4%
Expected Move	3.7%	2.7%	6.8%	4.9%	3.5%
HV 20d	14.1%	10.9%	18.0%	15.6%	10.9%
HV 60d	13.6%	12.9%	14.5%	14.3%	12.9%
IV Rank	5.5%	0.0%	27.9%	12.4%	5.7%
IV Percentile	11.5%	0.0%	93.7%	54.4%	7.5%
Term Structure	1.0%	-8.9%	6.7%	-8.9%	-1.6%
VWIV	13.3%	11.5%	17.0%	14.8%	17.0%
Skew 25d	-0.7%	-7.7%	13.5%	-7.7%	-3.5%
Skew 10d	-0.7%	-16.7%	56.6%	-16.7%	-2.8%
Call IV 25d	14.0%	7.6%	41.1%	20.4%	16.2%
Put IV 25d	13.3%	9.3%	40.7%	12.7%	12.8%
Bid-Ask Spread %	124.92	114.21	139.91	139.91	126.93
Gamma HHI	0.40	0.30	0.57	0.57	0.47
Net GEX	18.0K	11.9K	28.9K	14.1K	17.1K
Net DEX	-281.9K	-381.8K	-193.8K	-193.8K	-205.6K
Net VEX	-714	-802	-579	-771	-771
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.22	0.00	1.67	0.00	0.00
Total Volume	2.682	0	15	0	0
Total OI	65.545	51	78	51	78

Daily Data (22 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
2024-05-01	$68.40	$70.00	17.0%	4.9%	15.6%	12.4%	0.0%	-7.7%	-8.9%	14.1K	-193.8K	-771	0.00	139.91	N/A	N/A	0	0	51	0
2024-05-02	$70.16	$70.00	13.0%	3.7%	17.8%	4.5%	14.8%	-0.2%	3.4%	14.4K	-243.9K	-712	0.00	131.10	N/A	N/A	8	0	51	0
2024-05-03	$70.69	$68.00	10.3%	3.0%	17.9%	0.0%	14.5%	-2.1%	1.2%	15.1K	-266.4K	-696	0.00	135.36	N/A	N/A	2	0	54	0
2024-05-06	$70.73	$71.00	11.2%	3.2%	17.9%	1.6%	0.0%	-1.2%	4.1%	15.6K	-261.6K	-712	0.00	124.76	N/A	N/A	0	0	55	0
2024-05-07	$70.34	$71.00	11.7%	3.2%	18.0%	2.7%	0.0%	-0.6%	4.1%	16.9K	-255.2K	-703	0.00	125.53	N/A	N/A	0	0	55	0
2024-05-08	$70.34	$71.00	11.1%	3.2%	17.2%	1.5%	0.0%	-0.1%	4.4%	17.1K	-255.0K	-698	0.00	125.01	N/A	N/A	0	0	55	0
2024-05-09	$70.66	$71.00	11.5%	2.8%	17.0%	2.4%	0.0%	-2.3%	1.9%	16.1K	-266.5K	-706	0.00	123.49	N/A	N/A	0	0	55	0
2024-05-10	$70.95	$71.00	12.1%	3.7%	13.8%	3.5%	0.0%	-1.9%	-1.5%	15.7K	-272.3K	-669	0.00	120.61	N/A	N/A	0	0	55	0
2024-05-13	$71.60	$71.00	13.5%	4.1%	13.4%	6.3%	0.0%	3.3%	-0.2%	14.5K	-291.0K	-624	0.00	114.21	N/A	N/A	0	0	55	0
2024-05-14	$71.97	$71.00	13.9%	4.1%	12.4%	7.1%	11.6%	-0.4%	1.3%	11.9K	-305.4K	-579	0.07	114.52	N/A	N/A	14	1	55	1
2024-05-15	$72.82	$71.00	10.3%	2.9%	12.5%	0.0%	11.5%	-0.4%	3.6%	22.8K	-347.9K	-691	0.00	123.11	N/A	N/A	12	0	67	1
2024-05-16	$73.13	$71.00	12.7%	3.6%	12.5%	4.8%	12.1%	-0.1%	6.7%	20.3K	-359.8K	-652	0.00	125.47	N/A	N/A	2	0	67	1
2024-05-17	$73.44	$71.00	12.0%	3.4%	11.5%	3.4%	13.3%	5.0%	2.0%	20.0K	-381.8K	-628	0.00	115.83	N/A	N/A	11	0	69	1
2024-05-20	$73.07	$71.00	9.4%	2.7%	11.6%	0.0%	11.8%	-1.2%	4.6%	28.9K	-336.0K	-706	1.67	125.25	N/A	N/A	3	5	69	1
2024-05-21	$72.50	$71.00	13.7%	3.9%	12.3%	8.2%	0.0%	13.5%	-1.2%	19.9K	-304.5K	-797	0.00	122.03	N/A	N/A	0	0	72	6
2024-05-22	$72.37	$71.00	13.0%	3.7%	12.4%	7.0%	0.0%	-1.1%	0.3%	19.7K	-305.1K	-739	0.00	122.07	N/A	N/A	0	0	72	6
2024-05-23	$71.95	$71.00	23.7%	6.8%	12.9%	27.9%	0.0%	-0.4%	-8.8%	16.9K	-311.8K	-725	0.00	130.88	N/A	N/A	0	0	72	6
2024-05-24	$72.16	$71.00	13.5%	3.9%	12.6%	7.9%	0.0%	-0.3%	2.6%	21.9K	-287.0K	-802	0.00	123.11	N/A	N/A	0	0	72	6
2024-05-28	$72.09	$71.00	11.8%	3.4%	12.5%	4.6%	17.0%	-4.6%	0.6%	20.9K	-279.6K	-776	0.00	125.09	N/A	N/A	1	0	72	6
2024-05-29	$71.06	$71.00	11.9%	3.4%	13.2%	4.8%	0.0%	-3.2%	-1.5%	18.9K	-241.8K	-769	0.00	126.52	N/A	N/A	0	0	72	6
2024-05-30	$70.81	$71.00	11.3%	3.2%	13.4%	3.6%	0.0%	-6.8%	4.6%	17.8K	-229.7K	-781	0.00	127.47	N/A	N/A	0	0	72	6
2024-05-31	$69.97	$71.00	12.4%	3.5%	10.9%	5.7%	0.0%	-3.5%	-1.6%	17.1K	-205.6K	-771	0.00	126.93	N/A	N/A	0	0	72	6