JPM Options History — October 2007

In October 2007, JPM traded between $45.02 and $47.58. ATM implied volatility averaged 27.3%, placing in the 36.8% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 4.4% (HV 20d: 22.9%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 1.08.

Notable Days

  • 2007-10-16: Highest Volume — 57,211 contracts
  • 2007-10-25: Largest IV spike — 22.1% change
  • 2007-10-25: Highest IV Rank — 55.1%
  • 2007-10-25: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.57$45.02$47.58$46.81$47.00
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV27.3%23.0%34.3%24.5%25.7%
Expected Move7.8%6.5%9.8%7.0%7.4%
HV 20d22.9%16.5%28.2%28.2%22.0%
HV 60d30.0%28.9%31.5%31.4%29.0%
IV Rank36.8%25.5%55.1%29.5%32.6%
IV Percentile73.3%62.8%87.8%70.1%66.5%
Term Structure-0.6%-2.5%0.2%-1.0%-0.3%
VWIV28.0%21.7%34.2%27.1%26.1%
Skew 25d5.6%3.5%7.0%6.3%5.9%
Skew 10d12.6%8.7%18.9%14.1%12.7%
Call IV 25d25.3%20.4%31.1%24.2%23.9%
Put IV 25d30.8%25.7%37.0%30.5%29.9%
Bid-Ask Spread %11.817.6718.2610.3512.08
Gamma HHI0.130.120.150.150.13
Net GEX2.9M-6.1M11.0M-1.6M3.5M
Net DEX-312.2M-618.5M40.2M-237.5M-433.1M
Net VEX-10.7M-11.0M-10.3M-10.6M-10.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.080.113.191.090.45
Total Volume28,750.91313,50657,21143,39336,971
Total OI1,342,192.0431,305,8221,401,4651,305,8221,354,594

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-10-01$46.81$45.0024.5%7.0%28.2%29.5%27.1%6.3%-1.0%-1.6M-237.5M-10.6M1.0910.35N/AN/A20,80122,592586,820719,002
2007-10-02$47.16$45.0024.3%7.0%27.8%29.0%25.6%3.9%-0.4%3.1M-302.4M-10.8M0.389.94N/AN/A38,29314,566595,855721,512
2007-10-03$47.00$45.0024.2%6.9%25.9%28.5%25.4%3.5%-0.2%4.7M-400.8M-10.9M0.468.97N/AN/A12,1265,597604,429722,057
2007-10-04$47.25$45.0024.5%7.0%25.9%29.4%26.5%3.8%-0.2%7.4M-465.4M-10.8M0.559.92N/AN/A11,4696,299605,713719,978
2007-10-05$47.58$45.0023.0%6.5%25.0%25.5%21.7%5.3%-0.1%9.8M-549.3M-10.8M1.0012.95N/AN/A8,4618,465609,191722,854
2007-10-08$47.44$45.0026.1%6.9%25.0%33.7%25.5%6.0%-0.2%8.8M-525.6M-10.6M1.0612.65N/AN/A12,72813,512611,287719,517
2007-10-09$47.57$45.0026.8%6.9%24.7%35.5%25.5%5.8%0.2%11.0M-618.5M-10.4M1.0616.82N/AN/A9,90610,530616,700722,648
2007-10-10$46.91$45.0026.2%7.0%25.4%33.9%27.3%6.1%-0.3%6.4M-411.3M-10.5M0.5912.69N/AN/A21,58912,765617,324720,174
2007-10-11$46.66$45.0025.7%7.4%24.1%32.4%26.9%6.0%-0.7%5.1M-363.0M-10.6M0.9318.26N/AN/A9,2378,629618,996720,476
2007-10-12$46.82$45.0024.6%7.1%24.1%29.8%25.8%6.4%0.1%6.8M-433.4M-10.3M0.1112.59N/AN/A27,3753,007621,402722,477
2007-10-15$46.27$45.0027.3%7.8%24.5%36.8%29.7%6.3%-1.3%6.3M-300.3M-10.6M3.1912.75N/AN/A5,45017,369642,520723,496
2007-10-16$45.11$45.0030.4%8.7%16.5%44.9%31.2%5.5%-1.6%-4.3M40.2M-10.5M1.309.80N/AN/A24,84932,362638,302727,539
2007-10-17$46.37$45.0026.9%7.7%19.7%35.8%27.4%4.7%-0.8%5.2M-322.9M-10.7M1.2412.06N/AN/A23,52229,078645,335740,867
2007-10-18$45.90$45.0028.9%8.3%19.5%41.0%28.0%4.8%0.0%1.6M-179.3M-10.7M1.1614.69N/AN/A10,70212,380647,404748,287
2007-10-19$45.02$45.0033.1%9.5%20.5%51.9%33.5%5.9%-1.7%4.2M6.1M-10.8M1.2314.97N/AN/A15,43118,960648,181753,284
2007-10-22$45.37$45.0030.9%8.8%20.0%46.0%30.3%5.0%-1.5%-6.1M-54.5M-10.6M0.989.65N/AN/A10,1349,908591,546717,155
2007-10-23$45.94$45.0028.6%8.2%20.5%40.1%30.8%6.7%0.2%-3.3M-165.5M-10.6M2.3115.70N/AN/A7,41517,119596,513710,805
2007-10-24$46.27$45.0028.1%8.1%20.7%38.9%29.8%6.3%0.2%-1.8M-225.3M-10.9M1.2310.82N/AN/A12,98615,943598,975722,305
2007-10-25$46.05$45.0034.3%9.8%20.7%55.1%34.2%7.0%-2.5%-2.2M-180.6M-11.0M1.678.69N/AN/A9,94616,601603,562726,895
2007-10-26$47.32$45.0028.2%8.1%22.6%39.0%28.4%6.0%-0.1%3.2M-448.0M-11.0M0.598.00N/AN/A18,25110,760607,465733,906
2007-10-29$46.67$45.0028.0%8.0%22.0%38.4%28.3%5.5%-1.2%546.6K-329.3M-10.5M0.967.67N/AN/A6,9746,707607,530734,002
2007-10-30$46.56$45.0028.4%8.1%21.8%39.7%29.7%5.3%-1.0%-533.4K-280.4M-10.6M1.229.62N/AN/A6,0947,412612,511739,026
2007-10-31$47.00$45.0025.7%7.4%22.0%32.6%26.1%5.9%-0.3%3.5M-433.1M-10.4M0.4512.08N/AN/A25,41311,558614,371740,223