AAXJ Options History — November 2025

In November 2025, AAXJ traded between $90.64 and $95.63. ATM implied volatility averaged 26.6%, placing in the 28.1% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 9.7% (HV 20d: 16.9%). Max pain ranged from $79.00 to $88.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-11-12: Highest Volume — 33 contracts
  • 2025-11-12: Largest IV drop — 42.5% change
  • 2025-11-11: Highest IV Rank — 46.8%
  • 2025-11-05: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$93.21$90.64$95.63$95.63$92.56
Max Pain$81.16$79.00$88.00$88.00$80.00
ATM IV26.6%18.3%38.3%28.2%25.4%
Expected Move6.9%5.2%8.8%8.1%7.3%
HV 20d16.9%14.6%22.7%21.8%14.6%
HV 60d16.0%15.5%16.3%15.5%16.2%
IV Rank28.1%14.8%46.8%30.8%26.1%
IV Percentile88.7%70.6%97.2%94.0%86.9%
Term Structure-4.8%-20.7%1.9%-10.8%-20.7%
VWIV26.4%18.5%47.6%27.5%19.4%
Skew 25d3.6%-6.9%15.3%15.3%8.4%
Skew 10d11.2%-1.7%81.7%2.7%81.7%
Call IV 25d29.0%15.0%39.0%20.8%39.0%
Put IV 25d32.6%21.5%47.4%36.1%47.4%
Bid-Ask Spread %117.56109.86141.52141.52114.22
Gamma HHI0.380.260.490.350.46
Net GEX28.0K19.8K36.6K22.9K36.6K
Net DEX-414.0K-536.5K-343.5K-422.0K-432.2K
Net VEX-1.3K-1.6K-841-889-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.21103301
Total OI100.5798211883107

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$95.63$88.0028.2%8.1%21.8%30.8%0.0%15.3%-10.8%22.9K-422.0K-8890.00141.52N/AN/A006419
2025-11-04$93.94$88.0029.7%8.5%22.6%33.0%0.0%0.6%-9.0%21.2K-375.4K-9520.00141.23N/AN/A006419
2025-11-05$94.68$88.0030.6%8.8%22.7%34.6%0.0%7.4%-10.7%21.6K-384.2K-9610.00140.54N/AN/A006419
2025-11-06$93.89$79.0026.3%5.5%22.6%27.7%0.0%6.8%-1.2%21.8K-378.6K-9570.00112.19N/AN/A106419
2025-11-07$93.15$79.0026.8%6.3%18.0%28.4%27.5%0.5%-2.5%19.8K-343.5K-9590.00111.75N/AN/A036319
2025-11-10$95.02$80.0036.5%6.2%16.8%44.0%0.0%1.1%-1.8%22.0K-384.3K-8920.00113.06N/AN/A106320
2025-11-11$95.06$80.0038.3%5.7%16.1%46.8%18.9%8.1%-2.3%24.3K-393.6K-8410.00112.76N/AN/A106320
2025-11-12$95.05$80.0022.0%6.3%14.9%20.7%0.0%-6.8%-1.9%21.3K-393.3K-8770.00111.69N/AN/A3306420
2025-11-13$93.98$80.0020.5%5.9%15.5%18.4%0.0%-6.9%-1.2%33.8K-536.5K-1.6K0.00112.63N/AN/A009720
2025-11-14$93.86$80.0018.3%5.2%15.5%14.8%0.0%12.9%1.9%35.5K-493.1K-1.6K0.00109.86N/AN/A009720
2025-11-17$92.78$80.0022.9%6.6%15.2%22.1%0.0%0.3%-6.9%29.8K-460.8K-1.6K0.00113.72N/AN/A009720
2025-11-18$92.33$80.0025.5%7.3%15.0%26.4%0.0%0.7%-5.6%30.0K-426.1K-1.6K0.00113.71N/AN/A009720
2025-11-19$91.89$80.0025.4%7.3%15.0%26.2%0.0%0.2%-5.0%31.8K-407.8K-1.5K0.00114.49N/AN/A009720
2025-11-20$90.69$80.0027.4%7.8%15.2%29.3%47.6%5.8%-9.6%27.9K-394.5K-1.5K0.00112.68N/AN/A019720
2025-11-21$90.64$80.0024.1%6.9%14.9%24.1%0.0%-0.1%-0.4%29.4K-374.9K-1.5K0.00113.55N/AN/A009721
2025-11-24$91.59$80.0025.2%7.2%14.7%25.9%18.5%14.1%-0.9%35.0K-398.2K-1.4K0.00113.72N/AN/A109412
2025-11-25$91.81$80.0025.9%7.4%14.8%27.0%0.0%-0.2%-1.0%32.6K-416.3K-1.5K0.00114.26N/AN/A009512
2025-11-26$92.46$80.0026.1%7.5%15.0%27.3%0.0%-0.1%-2.5%34.0K-450.9K-1.5K0.00116.01N/AN/A009512
2025-11-28$92.56$80.0025.4%7.3%14.6%26.1%19.4%8.4%-20.7%36.6K-432.2K-1.4K0.00114.22N/AN/A019512