AAXJ Options History — April 2025

In April 2025, AAXJ traded between $64.42 and $74.53. ATM implied volatility averaged 21.9%, placing in the 37.0% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded below realized volatility by 17.3% (HV 20d: 39.2%). Max pain ranged from $63.00 to $72.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.07.

Notable Days

2025-04-07: Highest Volume — 6 contracts
2025-04-04: Largest IV spike — 116.5% change
2025-04-08: Highest IV Rank — 96.1%
2025-04-08: Largest Expected Move — 11.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$71.13	$64.42	$74.53	$74.28	$73.76
Max Pain	$65.70	$63.00	$72.00	$72.00	$63.00
ATM IV	21.9%	12.7%	43.6%	15.7%	12.7%
Expected Move	6.0%	3.6%	11.4%	4.0%	3.6%
HV 20d	39.2%	18.0%	46.5%	21.0%	45.7%
HV 60d	27.4%	18.1%	30.6%	18.2%	30.2%
IV Rank	37.0%	12.1%	96.1%	20.3%	12.1%
IV Percentile	74.8%	35.7%	99.6%	63.5%	35.7%
Term Structure	3.2%	-8.6%	14.8%	-8.6%	1.4%
VWIV	22.5%	17.1%	29.1%	18.3%	17.1%
Skew 25d	2.4%	-6.2%	15.9%	-3.4%	0.5%
Skew 10d	2.8%	-0.7%	10.4%	2.7%	1.7%
Call IV 25d	17.9%	10.5%	27.1%	17.0%	14.5%
Put IV 25d	20.3%	13.6%	40.1%	13.6%	15.0%
Bid-Ask Spread %	113.10	94.83	127.65	109.66	117.22
Gamma HHI	0.40	0.32	0.46	0.44	0.34
Net GEX	10.4K	5.5K	13.9K	11.7K	13.5K
Net DEX	-182.6K	-249.6K	-63.7K	-236.5K	-244.7K
Net VEX	-992	-1.1K	-840	-1.0K	-964
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.07	0.00	0.50	0.00	0.00
Total Volume	1	0	6	2	0
Total OI	74.714	71	80	71	75

Daily Data (21 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
2025-04-01	$74.28	$0.00	15.7%	4.0%	21.0%	20.3%	18.3%	-3.4%	-8.6%	11.7K	-236.5K	-1.0K	0.00	109.66	N/A	N/A	2	0	61	10
2025-04-02	$74.53	$72.00	19.2%	5.1%	18.0%	29.7%	0.0%	7.0%	0.2%	11.2K	-249.6K	-1.0K	0.00	94.83	N/A	N/A	0	0	61	10
2025-04-03	$72.84	$72.00	15.3%	3.7%	19.5%	19.2%	0.0%	1.1%	10.2%	10.9K	-208.2K	-1.1K	0.00	123.15	N/A	N/A	0	0	61	10
2025-04-04	$69.14	$72.00	33.1%	8.2%	26.3%	67.6%	0.0%	-6.2%	-3.3%	9.0K	-127.9K	-1.0K	0.00	127.65	N/A	N/A	1	0	61	10
2025-04-07	$65.84	$72.00	40.2%	10.6%	29.8%	86.7%	25.4%	11.8%	-2.9%	5.7K	-76.6K	-893	0.50	111.59	N/A	N/A	4	2	61	10
2025-04-08	$64.42	$72.00	43.6%	11.4%	29.4%	96.1%	0.0%	3.1%	-4.6%	5.5K	-63.7K	-840	0.00	101.30	N/A	N/A	1	0	64	10
2025-04-09	$69.66	$72.00	22.9%	6.6%	42.3%	39.7%	29.1%	3.2%	5.1%	9.3K	-150.9K	-1.0K	0.00	125.20	N/A	N/A	0	3	65	10
2025-04-10	$67.74	$63.00	29.7%	8.5%	43.2%	58.1%	0.0%	2.3%	1.5%	7.3K	-115.2K	-994	0.00	118.26	N/A	N/A	0	0	65	13
2025-04-11	$70.41	$63.00	30.1%	8.6%	45.3%	59.5%	0.0%	15.9%	-1.4%	8.5K	-159.6K	-1.0K	0.00	109.21	N/A	N/A	2	0	65	13
2025-04-14	$71.37	$63.00	26.6%	7.6%	45.1%	49.8%	0.0%	1.8%	-2.0%	9.9K	-191.7K	-1.0K	0.00	106.60	N/A	N/A	0	0	67	13
2025-04-15	$71.09	$63.00	23.0%	6.6%	45.1%	40.0%	0.0%	2.5%	1.8%	10.8K	-191.9K	-1.0K	0.00	99.86	N/A	N/A	0	0	67	13
2025-04-16	$69.94	$63.00	16.1%	4.6%	45.2%	21.2%	0.0%	0.1%	8.5%	10.5K	-159.2K	-995	0.00	120.62	N/A	N/A	0	0	67	13
2025-04-17	$70.81	$63.00	16.2%	4.6%	45.5%	21.5%	0.0%	4.3%	6.9%	9.8K	-184.4K	-1.0K	0.00	122.39	N/A	N/A	0	1	67	13
2025-04-21	$70.50	$63.00	18.9%	5.4%	45.5%	29.0%	0.0%	7.0%	14.8%	9.4K	-155.7K	-986	0.00	112.48	N/A	N/A	0	0	59	13
2025-04-22	$71.77	$63.00	18.6%	5.3%	46.0%	28.1%	0.0%	-2.4%	8.1%	10.5K	-184.5K	-997	0.00	112.35	N/A	N/A	0	0	59	13
2025-04-23	$72.57	$63.00	18.0%	5.2%	46.3%	26.4%	17.1%	1.8%	3.6%	10.5K	-206.9K	-997	0.00	110.24	N/A	N/A	4	0	59	13
2025-04-24	$73.38	$63.00	17.5%	5.0%	46.5%	25.1%	0.0%	0.5%	9.5%	12.8K	-232.3K	-991	0.00	109.77	N/A	N/A	0	0	61	13
2025-04-25	$73.06	$63.00	15.4%	4.4%	46.4%	19.4%	0.0%	-2.3%	1.8%	13.3K	-225.5K	-976	0.00	110.48	N/A	N/A	1	0	61	13
2025-04-28	$73.21	$63.00	13.3%	3.8%	45.7%	13.7%	0.0%	2.7%	5.6%	13.9K	-232.2K	-976	0.00	117.81	N/A	N/A	0	0	62	13
2025-04-29	$73.47	$63.00	13.5%	3.9%	45.7%	14.3%	0.0%	-1.1%	10.2%	13.5K	-237.8K	-965	0.00	114.36	N/A	N/A	0	0	62	13
2025-04-30	$73.76	$63.00	12.7%	3.6%	45.7%	12.1%	0.0%	0.5%	1.4%	13.5K	-244.7K	-964	0.00	117.22	N/A	N/A	0	0	62	13