JBL Options History — January 2020

In January 2020, JBL traded between $38.84 and $43.23. ATM implied volatility averaged 24.2%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 2.2% (HV 20d: 26.4%). Max pain ranged from $34.00 to $42.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.01.

Notable Days

  • 2020-01-30: Highest Volume — 10,304 contracts
  • 2020-01-30: Largest IV spike — 16.0% change
  • 2020-01-31: Highest IV Rank — 39.7%
  • 2020-01-31: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.88$38.84$43.23$41.80$38.84
Max Pain$40.71$34.00$42.00$34.00$41.00
ATM IV24.2%22.4%29.5%22.4%29.5%
Expected Move6.8%6.0%8.4%6.0%8.4%
HV 20d26.4%14.2%35.7%35.7%22.7%
HV 60d25.5%25.0%26.7%26.3%26.3%
IV Rank15.4%7.6%39.7%7.6%39.7%
IV Percentile27.5%7.5%55.6%7.5%55.6%
Term Structure-0.1%-1.7%0.9%-0.1%0.4%
VWIV24.0%22.2%29.2%22.3%29.2%
Skew 25d2.6%1.5%4.4%2.0%3.5%
Skew 10d6.7%2.5%11.4%9.6%8.0%
Call IV 25d22.8%21.3%27.7%21.4%27.7%
Put IV 25d25.4%23.4%31.1%23.4%31.1%
Bid-Ask Spread %28.5415.0257.6122.3541.44
Gamma HHI0.100.080.330.110.11
Net GEX672.8K162.4K1.8M1.1M162.4K
Net DEX-41.6M-54.7M2.7M-49.1M2.7M
Net VEX-116.3K-127.8K-108.8K-109.7K-127.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.057.750.071.27
Total Volume1,172.09521410,304708743
Total OI24,047.23819,58427,21727,21727,101

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-01-02$41.80$34.0022.4%6.0%35.7%7.6%22.3%2.0%-0.1%1.1M-49.1M-109.7K0.0722.356604819,2038,014
2020-01-03$41.55$34.0023.3%6.4%34.8%11.4%22.7%1.9%0.3%1.8M-47.3M-108.8K2.4838.2536089219,1778,034
2020-01-06$40.86$42.0023.5%6.7%35.5%12.3%23.9%1.5%0.1%491.6K-41.6M-114.8K0.8615.0244938518,1678,190
2020-01-07$41.28$42.0023.5%6.8%35.7%12.3%24.3%1.8%0.4%585.0K-43.4M-114.0K0.0527.832041018,2118,461
2020-01-08$41.41$42.0023.1%6.6%35.1%10.7%22.9%1.8%-0.1%655.5K-44.3M-117.8K0.3718.402609718,3498,466
2020-01-09$41.59$42.0022.7%6.3%35.0%8.8%23.3%2.3%-0.1%762.7K-46.7M-112.9K0.3017.202979018,5058,251
2020-01-10$41.73$42.0022.8%6.4%34.6%9.3%22.2%1.9%-0.2%731.4K-47.8M-112.3K0.6216.2445128018,6398,256
2020-01-13$42.77$42.0022.9%6.4%35.2%9.6%23.1%2.5%-0.5%732.0K-52.2M-109.5K0.7317.141,11781416,4008,061
2020-01-14$43.14$42.0024.0%6.6%34.9%14.6%22.8%3.0%-1.2%696.3K-54.7M-114.9K0.4517.0979435517,0168,845
2020-01-15$42.66$42.0024.6%6.7%34.9%17.4%22.6%2.0%-1.2%567.2K-51.4M-116.0K0.8425.0432927717,1859,120
2020-01-16$43.09$42.0024.0%6.6%25.3%14.9%23.6%3.2%-1.7%676.8K-54.4M-113.7K0.2156.923497417,2639,004
2020-01-17$43.15$42.0023.6%6.5%16.7%12.9%25.2%3.1%-1.6%784.8K-54.3M-112.9K0.3021.541,02530817,2789,048
2020-01-21$42.97$40.0023.7%6.7%16.1%13.2%23.8%2.5%0.2%586.2K-40.9M-113.8K0.5048.2540120113,6926,084
2020-01-22$42.88$41.0023.6%6.8%14.2%13.0%23.9%3.3%0.7%615.0K-40.3M-117.0K1.2947.6414018113,9196,319
2020-01-23$43.23$41.0023.8%6.8%14.2%13.6%25.2%4.4%0.9%811.1K-42.0M-116.1K0.2916.3166119313,9726,488
2020-01-24$42.86$41.0023.8%6.8%14.7%13.7%24.2%3.8%0.3%837.8K-40.7M-119.8K1.0820.6720622314,4696,668
2020-01-27$41.56$41.0026.0%7.4%18.7%23.8%25.5%2.6%0.5%552.9K-34.8M-123.7K0.8238.6135829413,9695,615
2020-01-28$41.52$41.0024.6%7.1%18.5%17.6%24.1%3.4%0.8%471.6K-34.0M-121.8K0.3115.351935913,9615,830
2020-01-29$40.95$40.0024.0%6.8%19.1%14.7%24.0%2.7%0.3%351.0K-31.4M-121.3K0.5757.6133919314,0505,839
2020-01-30$39.60$41.0027.9%7.7%22.4%32.3%25.1%2.0%0.2%171.9K-25.2M-124.3K7.7520.351,1779,12713,9215,952
2020-01-31$38.84$41.0029.5%8.4%22.7%39.7%29.2%3.5%0.4%162.4K2.7M-127.8K1.2741.4432741614,69012,411