JBL Options History — March 2014

In March 2014, JBL traded between $17.44 and $18.81. ATM implied volatility averaged 40.0%, placing in the 58.6% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 16.1% (HV 20d: 23.8%). Max pain ranged from $18.00 to $18.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.87.

Notable Days

  • 2014-03-19: Highest Volume — 8,339 contracts
  • 2014-03-13: Largest IV drop — 35.2% change
  • 2014-03-07: Highest IV Rank — 100.0%
  • 2014-03-17: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.04$17.44$18.81$18.31$18.00
Max Pain$18.00$18.00$18.00$18.00$18.00
ATM IV40.0%24.4%61.8%48.6%24.4%
Expected Move9.7%9.3%9.9%9.8%9.4%
HV 20d23.8%21.5%26.2%24.6%22.3%
HV 60d43.6%28.8%57.1%56.8%28.8%
IV Rank58.6%21.1%100.0%88.3%21.1%
IV Percentile72.3%19.0%100.0%98.8%19.0%
Term Structure-2.7%-13.3%4.9%-9.9%3.4%
VWIV33.5%30.3%36.4%31.5%35.3%
Skew 25d3.6%0.6%6.7%6.7%1.2%
Skew 10d9.2%-1.8%18.9%13.0%4.1%
Call IV 25d35.4%24.7%50.3%46.0%24.7%
Put IV 25d39.0%25.9%54.6%52.8%25.9%
Bid-Ask Spread %21.7012.8729.2019.5827.94
Gamma HHI0.210.170.240.200.23
Net GEX322.7K87.7K473.4K386.0K351.0K
Net DEX-3.9M-11.4M6.8M-6.6M-5.5M
Net VEX-154.1K-172.6K-134.8K-170.3K-152.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.083.910.770.15
Total Volume2,209.095988,3391,4371,656
Total OI54,563.42937,66765,93156,89342,493

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-03-03$18.31$18.0048.6%9.8%24.6%88.3%31.5%6.7%-9.9%386.0K-6.6M-170.3K0.7719.5881262533,60023,293
2014-03-04$18.81$18.0046.7%9.8%24.0%83.4%32.7%5.5%-9.3%473.4K-11.4M-172.2K1.2915.7276298333,71223,541
2014-03-05$18.54$18.0048.2%9.9%24.8%87.4%0.0%5.2%-11.5%406.2K-9.2M-171.5K3.9117.694321,69134,01324,292
2014-03-06$18.38$18.0051.6%9.8%24.8%96.1%0.0%4.4%-13.3%348.1K-7.3M-172.0K0.0816.121,21410134,25225,034
2014-03-07$18.39$18.0053.4%9.8%23.6%100.0%0.0%4.5%-3.1%389.2K-7.5M-172.6K0.4814.79663235,06625,024
2014-03-10$18.32$18.0057.1%9.9%23.3%100.0%32.5%4.2%-2.8%376.9K-6.5M-165.9K0.6812.8722715535,06425,017
2014-03-11$18.10$18.0058.9%9.8%23.2%100.0%34.7%3.4%-3.6%325.8K-4.0M-163.2K1.1321.0827230735,06125,072
2014-03-12$18.09$18.0061.8%9.7%21.5%100.0%31.4%5.5%-2.4%322.0K-3.5M-163.2K0.5924.1831018335,16825,203
2014-03-13$17.78$18.0040.0%9.9%22.2%54.1%31.6%3.7%-3.3%250.5K-460.9K-154.8K0.4524.841,96188235,12525,262
2014-03-14$17.73$18.0039.9%9.9%22.1%53.9%0.0%4.1%-2.5%235.5K276.5K-150.5K0.8221.651,3451,10734,70825,496
2014-03-17$18.00$18.0041.1%9.9%22.9%56.4%34.1%5.1%-3.1%331.3K-2.6M-149.6K0.8220.0680666035,11725,211
2014-03-18$18.40$18.0040.7%9.7%24.4%55.5%36.4%4.4%-3.5%447.4K-7.0M-152.7K1.2617.4674794235,42125,455
2014-03-19$18.26$18.0041.8%9.8%24.4%57.7%36.2%3.2%-4.4%409.3K-6.1M-149.9K0.6022.995,2213,11835,69425,808
2014-03-20$17.74$18.0028.7%9.5%26.2%30.3%33.4%2.0%4.1%87.7K3.7M-134.9K1.7724.442,3664,18137,32826,467
2014-03-21$17.72$18.0026.8%9.5%26.0%26.1%35.8%0.6%4.9%235.3K6.8M-136.3K0.4824.222,4171,16337,99227,939
2014-03-24$17.78$18.0025.9%9.3%25.6%24.2%34.7%2.5%0.2%290.8K-3.4M-138.8K0.6025.541,09565922,80514,862
2014-03-25$17.76$18.0025.6%9.5%24.9%23.7%0.0%2.8%1.0%298.6K-3.4M-138.3K0.1525.7366410023,48215,361
2014-03-26$17.44$18.0027.1%9.4%23.8%26.7%31.2%1.1%0.2%248.7K-2.0M-134.8K0.6821.0845531123,82515,395
2014-03-27$17.63$18.0025.9%9.3%24.4%24.4%30.3%2.8%1.4%289.3K-2.4M-138.8K0.4828.513,9131,87924,17415,507
2014-03-28$17.76$18.0025.1%9.4%21.9%22.5%35.3%2.0%0.8%273.5K-4.1M-154.2K0.9629.2029128025,17417,319
2014-03-31$18.00$18.0024.4%9.4%22.3%21.1%0.0%1.2%3.4%351.0K-5.5M-152.2K0.1527.941,44321325,17417,319