AAXJ Options History — December 2025

In December 2025, AAXJ traded between $89.39 and $93.90. ATM implied volatility averaged 25.4%, placing in the 26.2% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 12.7% (HV 20d: 12.7%). Max pain ranged from $85.00 to $94.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 1.33.

Notable Days

  • 2025-12-22: Highest Volume — 5 contracts
  • 2025-12-19: Largest IV spike — 44.4% change
  • 2025-12-09: Highest IV Rank — 38.7%
  • 2025-12-01: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$92.31$89.39$93.90$92.55$93.16
Max Pain$88.75$85.00$94.00$85.00$88.00
ATM IV25.4%16.9%33.2%31.8%30.9%
Expected Move6.6%4.8%9.1%9.1%8.8%
HV 20d12.7%9.9%14.6%14.6%13.3%
HV 60d16.3%15.7%16.9%16.1%16.6%
IV Rank26.2%12.6%38.7%36.5%34.8%
IV Percentile85.6%66.3%96.4%95.2%94.8%
Term Structure-7.3%-17.4%2.1%-17.4%-14.3%
VWIV18.8%18.7%18.9%18.7%18.9%
Skew 25d-0.8%-9.6%7.2%2.2%1.5%
Skew 10d-1.1%-29.6%17.2%2.1%3.9%
Call IV 25d30.8%22.4%40.4%39.8%40.4%
Put IV 25d30.0%16.7%42.0%42.0%41.9%
Bid-Ask Spread %143.44115.09153.26116.14151.95
Gamma HHI0.420.310.490.460.36
Net GEX33.5K27.2K41.0K34.3K27.7K
Net DEX-404.0K-502.5K-280.8K-457.2K-406.1K
Net VEX-1.2K-1.4K-1.1K-1.4K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.004.000.004.00
Total Volume0.50500
Total OI97.4557310810878

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$92.55$85.0031.8%9.1%14.6%36.5%0.0%2.2%-17.4%34.3K-457.2K-1.4K0.00116.14N/AN/A009513
2025-12-02$92.63$85.0023.8%6.8%14.1%23.6%0.0%2.7%2.1%39.1K-451.8K-1.4K0.00116.56N/AN/A009513
2025-12-03$92.50$85.0031.3%9.0%12.8%35.6%0.0%3.5%-6.3%37.3K-442.1K-1.4K0.00115.09N/AN/A009513
2025-12-04$92.27$0.0032.5%5.1%12.4%37.5%0.0%-7.0%-5.5%37.2K-433.9K-1.4K0.00148.29N/AN/A009513
2025-12-05$93.22$0.0032.4%5.6%12.7%37.5%0.0%-1.1%-4.2%38.2K-474.7K-1.4K0.00146.73N/AN/A009513
2025-12-08$93.00$0.0027.8%5.3%12.4%30.0%0.0%-9.5%-8.2%34.3K-474.5K-1.4K0.00148.13N/AN/A009513
2025-12-09$92.80$0.0033.2%5.8%9.9%38.7%0.0%4.2%-3.8%37.7K-453.5K-1.3K0.00146.86N/AN/A009513
2025-12-10$93.90$0.0021.5%6.2%11.0%19.9%0.0%0.5%-4.1%41.0K-502.5K-1.2K0.00140.31N/AN/A009513
2025-12-11$93.12$0.0020.6%5.9%11.3%18.6%0.0%0.1%-3.8%40.9K-460.6K-1.2K0.00147.47N/AN/A009513
2025-12-12$91.90$0.0018.6%5.3%11.5%15.2%0.0%-7.5%-7.2%37.8K-412.2K-1.2K0.00147.91N/AN/A009513
2025-12-15$91.74$0.0020.0%5.7%11.5%17.4%0.0%-9.6%-10.2%36.8K-410.9K-1.2K0.00148.30N/AN/A009513
2025-12-16$90.00$0.0020.2%5.8%12.7%17.9%0.0%-5.7%-2.5%31.7K-280.8K-1.1K0.00143.57N/AN/A008913
2025-12-17$89.39$0.0022.4%6.4%12.8%21.5%18.7%0.3%-4.6%31.6K-322.7K-1.2K0.00139.98N/AN/A308913
2025-12-18$90.61$94.0016.9%4.8%13.8%12.6%0.0%1.2%-4.9%33.9K-314.4K-1.1K0.00146.62N/AN/A309113
2025-12-19$91.47$94.0024.4%7.0%13.4%24.6%0.0%-0.1%-6.7%28.5K-336.3K-1.2K0.00147.88N/AN/A009413
2025-12-22$91.87$94.0025.2%7.2%13.5%25.7%18.9%0.5%-4.5%28.1K-354.1K-1.2K4.00145.08N/AN/A14730
2025-12-23$92.24$88.0025.4%7.3%13.1%26.0%0.0%7.2%-10.9%27.2K-337.5K-1.2K0.00150.18N/AN/A00744
2025-12-24$92.59$88.0025.6%7.3%13.1%26.3%0.0%-1.0%-11.1%27.3K-357.9K-1.2K0.00152.30N/AN/A00744
2025-12-26$93.23$88.0026.9%7.7%13.1%28.4%0.0%-1.8%-11.7%28.9K-408.0K-1.1K0.00151.08N/AN/A00744
2025-12-29$93.05$88.0024.1%6.9%13.1%23.9%0.0%-0.3%-8.9%28.6K-376.4K-1.2K0.00152.06N/AN/A00744
2025-12-30$93.49$88.0024.2%6.9%13.2%24.1%0.0%1.8%-12.5%28.3K-419.3K-1.1K0.00153.26N/AN/A00744
2025-12-31$93.16$88.0030.9%8.8%13.3%34.8%0.0%1.5%-14.3%27.7K-406.1K-1.1K0.00151.95N/AN/A00744