AAXJ Options History — August 2025

In August 2025, AAXJ traded between $82.84 and $87.20. ATM implied volatility averaged 12.7%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 0.7% (HV 20d: 12.0%). Max pain ranged from $73.00 to $84.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-08-29: Highest Volume — 14 contracts
2025-08-06: Largest IV spike — 16.3% change
2025-08-14: Highest IV Rank — 17.1%
2025-08-14: Largest Expected Move — 4.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$85.57	$82.84	$87.20	$82.84	$85.91
Max Pain	$73.52	$73.00	$84.00	$84.00	$73.00
ATM IV	12.7%	9.8%	15.2%	11.9%	10.3%
Expected Move	3.6%	2.8%	4.4%	3.4%	3.0%
HV 20d	12.0%	9.8%	14.1%	10.8%	13.1%
HV 60d	12.4%	11.5%	13.0%	12.6%	12.6%
IV Rank	10.1%	2.0%	17.1%	7.9%	3.4%
IV Percentile	32.2%	0.8%	57.1%	24.6%	4.8%
Term Structure	1.5%	-3.2%	6.9%	-0.4%	3.5%
VWIV	18.3%	12.1%	41.8%	14.4%	41.8%
Skew 25d	-0.3%	-4.2%	4.3%	0.9%	-2.7%
Skew 10d	-4.5%	-16.9%	3.0%	1.2%	-7.5%
Call IV 25d	12.9%	9.6%	15.8%	12.3%	14.3%
Put IV 25d	12.5%	9.6%	15.6%	13.2%	11.6%
Bid-Ask Spread %	109.46	101.98	138.42	138.42	113.22
Gamma HHI	0.20	0.16	0.24	0.18	0.23
Net GEX	24.9K	19.6K	34.3K	21.2K	21.4K
Net DEX	-616.4K	-703.8K	-523.3K	-523.3K	-610.9K
Net VEX	-1.0K	-1.1K	-961	-980	-961
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	1.619	0	14	0	14
Total OI	126.571	123	130	126	127

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	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-08-01	$82.84	$84.00	11.9%	3.4%	10.8%	7.9%	0.0%	0.9%	-0.4%	21.2K	-523.3K	-980	138.42	N/A	N/A	0	0	109	17
2025-08-04	$83.80	$73.00	11.8%	2.8%	10.1%	7.5%	0.0%	1.7%	6.9%	24.9K	-560.7K	-1.0K	116.29	N/A	N/A	0	0	109	17
2025-08-05	$84.10	$73.00	12.3%	2.9%	9.8%	9.0%	0.0%	1.9%	6.0%	26.0K	-573.0K	-1.0K	112.92	N/A	N/A	1	0	109	17
2025-08-06	$84.34	$73.00	14.3%	4.2%	9.9%	14.6%	0.0%	4.3%	0.8%	25.9K	-573.2K	-1.1K	101.98	N/A	N/A	0	0	110	17
2025-08-07	$85.01	$73.00	12.4%	3.6%	10.1%	9.3%	0.0%	-0.0%	6.3%	28.9K	-608.5K	-1.1K	108.91	N/A	N/A	0	0	110	17
2025-08-08	$84.87	$73.00	13.2%	4.0%	10.1%	11.5%	14.4%	-2.8%	2.3%	28.0K	-596.3K	-1.0K	104.57	N/A	N/A	5	0	110	17
2025-08-11	$84.71	$73.00	15.0%	4.2%	10.2%	16.3%	0.0%	-0.3%	2.0%	29.6K	-592.2K	-1.0K	104.46	N/A	N/A	0	0	112	17
2025-08-12	$85.91	$73.00	14.5%	4.2%	10.7%	15.2%	0.0%	3.5%	1.9%	30.1K	-643.1K	-1.0K	104.93	N/A	N/A	1	0	112	17
2025-08-13	$87.04	$73.00	14.8%	4.2%	11.4%	15.9%	12.1%	2.5%	0.5%	27.2K	-703.8K	-1.1K	105.51	N/A	N/A	1	0	112	17
2025-08-14	$85.86	$73.00	15.2%	4.4%	12.6%	17.1%	0.0%	0.8%	-0.0%	32.3K	-647.8K	-1.0K	103.78	N/A	N/A	0	0	113	17
2025-08-15	$86.00	$73.00	14.7%	4.2%	12.6%	15.7%	14.7%	1.6%	-1.0%	34.3K	-662.0K	-1.0K	103.99	N/A	N/A	2	0	113	17
2025-08-18	$86.51	$73.00	14.5%	4.2%	12.5%	15.0%	14.2%	-0.1%	-0.4%	19.6K	-627.8K	-1.0K	104.33	N/A	N/A	2	0	106	17
2025-08-19	$85.80	$73.00	12.7%	3.7%	12.9%	10.1%	0.0%	-0.8%	0.1%	21.7K	-614.1K	-1.0K	111.48	N/A	N/A	0	0	108	17
2025-08-20	$85.63	$73.00	13.0%	3.7%	12.5%	10.8%	0.0%	-1.9%	4.5%	21.1K	-605.8K	-1.0K	112.36	N/A	N/A	0	0	108	17
2025-08-21	$85.56	$73.00	12.9%	3.7%	12.5%	10.5%	0.0%	-3.4%	-0.9%	20.7K	-605.4K	-1.0K	112.31	N/A	N/A	0	0	108	17
2025-08-22	$87.20	$73.00	11.6%	3.3%	14.1%	6.9%	0.0%	-2.2%	-3.2%	22.4K	-660.9K	-1.0K	112.74	N/A	N/A	0	0	108	17
2025-08-25	$86.95	$73.00	10.4%	3.0%	14.0%	3.7%	0.0%	-4.2%	-1.9%	22.5K	-649.6K	-989	106.75	N/A	N/A	0	0	108	17
2025-08-26	$86.66	$73.00	10.5%	3.0%	14.0%	3.9%	0.0%	-3.1%	-1.3%	22.2K	-642.9K	-987	105.57	N/A	N/A	0	0	108	17
2025-08-27	$85.94	$73.00	9.8%	2.8%	14.0%	2.0%	0.0%	-4.1%	-0.7%	21.7K	-615.9K	-974	107.95	N/A	N/A	0	2	108	17
2025-08-28	$86.27	$73.00	10.8%	3.1%	13.8%	4.8%	12.7%	1.3%	6.0%	22.2K	-627.4K	-986	106.25	N/A	N/A	6	0	108	19
2025-08-29	$85.91	$73.00	10.3%	3.0%	13.1%	3.4%	41.8%	-2.7%	3.5%	21.4K	-610.9K	-961	113.22	N/A	N/A	14	0	108	19