AAXJ Options History — January 2026

In January 2026, AAXJ traded between $95.94 and $102.81. ATM implied volatility averaged 30.9%, placing in the 34.9% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 14.8% (HV 20d: 16.1%). Max pain ranged from $88.00 to $100.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.05.

Notable Days

2026-01-09: Highest Volume — 9 contracts
2026-01-14: Largest IV drop — 70.7% change
2026-01-13: Highest IV Rank — 91.7%
2026-01-02: Largest Expected Move — 9.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$99.00	$95.94	$102.81	$95.94	$100.38
Max Pain	$91.56	$88.00	$100.00	$88.00	$90.00
ATM IV	30.9%	19.4%	66.2%	32.7%	23.5%
Expected Move	6.2%	4.7%	9.4%	9.4%	6.7%
HV 20d	16.1%	13.9%	17.9%	16.8%	17.9%
HV 60d	15.3%	14.4%	17.8%	17.6%	15.4%
IV Rank	34.9%	16.4%	91.7%	37.8%	23.0%
IV Percentile	84.5%	68.7%	99.6%	96.4%	77.8%
Term Structure	-3.3%	-15.1%	2.6%	-15.1%	-4.0%
VWIV	23.2%	11.1%	33.6%	11.1%	25.3%
Skew 25d	2.8%	-3.0%	13.8%	2.7%	3.7%
Skew 10d	9.3%	-1.4%	20.2%	10.9%	6.4%
Call IV 25d	26.9%	11.1%	41.8%	41.8%	29.8%
Put IV 25d	29.7%	23.5%	44.5%	44.5%	33.5%
Bid-Ask Spread %	133.90	124.16	148.74	148.74	124.16
Gamma HHI	0.41	0.33	0.62	0.40	0.35
Net GEX	23.7K	18.1K	26.6K	26.2K	23.2K
Net DEX	-654.0K	-805.5K	-479.2K	-479.2K	-748.6K
Net VEX	-815	-1.1K	-449	-1.1K	-742
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.05	0.00	0.50	0.00	0.00
Total Volume	1.25	0	9	0	0
Total OI	84.5	78	91	78	91

Daily Data (20 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
2026-01-02	$95.94	$88.00	32.7%	9.4%	16.8%	37.8%	0.0%	2.7%	-15.1%	26.2K	-479.2K	-1.1K	0.00	148.74	N/A	N/A	0	0	74	4
2026-01-05	$97.19	$0.00	35.7%	4.7%	17.2%	42.5%	0.0%	5.9%	-0.4%	26.0K	-517.8K	-960	0.00	138.19	N/A	N/A	0	0	74	4
2026-01-06	$97.91	$0.00	37.1%	5.5%	17.0%	44.8%	11.1%	13.8%	-1.4%	22.3K	-576.0K	-855	0.00	135.48	N/A	N/A	2	0	74	4
2026-01-07	$97.18	$100.00	39.4%	5.4%	17.3%	48.6%	0.0%	2.4%	-1.4%	22.9K	-543.8K	-951	0.00	139.33	N/A	N/A	0	0	75	4
2026-01-08	$97.21	$100.00	41.8%	5.2%	17.2%	52.4%	0.0%	1.9%	0.4%	25.5K	-555.3K	-887	0.00	134.90	N/A	N/A	0	0	75	4
2026-01-09	$97.57	$100.00	43.4%	5.5%	16.9%	55.0%	21.3%	3.2%	-1.3%	22.9K	-541.9K	-957	0.00	137.07	N/A	N/A	9	0	75	4
2026-01-12	$98.94	$90.00	56.2%	5.8%	16.9%	75.6%	0.0%	5.2%	-3.3%	23.7K	-675.0K	-879	0.00	130.05	N/A	N/A	2	0	84	4
2026-01-13	$98.06	$90.00	66.2%	5.9%	16.5%	91.7%	0.0%	1.8%	-4.6%	25.6K	-643.1K	-909	0.00	137.42	N/A	N/A	0	0	84	4
2026-01-14	$98.33	$90.00	19.4%	5.6%	16.4%	16.4%	17.0%	1.2%	2.6%	22.9K	-635.3K	-946	0.00	133.40	N/A	N/A	2	0	84	4
2026-01-15	$99.21	$90.00	20.2%	5.8%	14.1%	17.6%	0.0%	5.0%	-1.0%	23.5K	-697.0K	-753	0.00	134.34	N/A	N/A	1	0	84	4
2026-01-16	$98.69	$90.00	19.9%	5.7%	13.9%	17.2%	0.0%	2.7%	-1.6%	24.4K	-674.9K	-812	0.00	135.61	N/A	N/A	0	0	84	4
2026-01-20	$97.52	$90.00	21.1%	6.0%	14.8%	19.1%	33.6%	1.0%	-3.5%	26.6K	-610.0K	-886	0.00	135.46	N/A	N/A	1	0	82	0
2026-01-21	$99.09	$90.00	21.5%	6.2%	15.3%	19.7%	0.0%	1.0%	-2.7%	24.8K	-664.9K	-776	0.00	136.46	N/A	N/A	0	0	83	0
2026-01-22	$99.56	$90.00	21.4%	6.1%	15.3%	19.6%	0.0%	0.6%	-4.2%	22.8K	-692.4K	-698	0.00	133.87	N/A	N/A	2	0	83	0
2026-01-23	$100.18	$90.00	22.4%	6.4%	15.3%	21.3%	0.0%	-3.0%	-5.0%	24.3K	-722.6K	-697	0.00	130.67	N/A	N/A	0	0	85	0
2026-01-26	$100.23	$90.00	23.2%	6.6%	15.3%	22.4%	31.0%	-2.0%	-3.0%	22.6K	-714.3K	-702	0.50	136.70	N/A	N/A	2	1	85	0
2026-01-27	$101.87	$90.00	26.9%	7.7%	15.9%	28.4%	0.0%	-1.9%	-10.1%	25.7K	-805.5K	-449	0.00	126.53	N/A	N/A	1	0	87	1
2026-01-28	$102.81	$90.00	21.0%	6.0%	15.8%	19.0%	25.3%	6.6%	-3.3%	18.1K	-795.3K	-692	0.00	125.28	N/A	N/A	2	0	90	1
2026-01-29	$102.10	$90.00	25.0%	7.2%	16.4%	25.4%	0.0%	3.3%	-3.7%	19.8K	-787.0K	-684	0.00	124.36	N/A	N/A	0	0	90	1
2026-01-30	$100.38	$90.00	23.5%	6.7%	17.9%	23.0%	0.0%	3.7%	-4.0%	23.2K	-748.6K	-742	0.00	124.16	N/A	N/A	0	0	90	1