JPM Options History — June 2009

In June 2009, JPM traded between $32.73 and $36.11. ATM implied volatility averaged 51.1%, placing in the 9.7% IV rank vs the trailing year. The 30-day expected move averaged 15.0%. IV traded below realized volatility by 7.0% (HV 20d: 58.0%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.76.

Notable Days

  • 2009-06-02: Highest Volume — 217,658 contracts
  • 2009-06-11: Largest IV spike — 16.4% change
  • 2009-06-02: Highest IV Rank — 18.4%
  • 2009-06-02: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.39$32.73$36.11$36.11$34.11
Max Pain$33.82$30.00$35.00$30.00$34.00
ATM IV51.1%42.9%58.5%56.2%46.1%
Expected Move15.0%12.3%16.8%16.1%13.2%
HV 20d58.0%40.6%85.5%85.5%40.6%
HV 60d94.2%78.8%112.6%112.4%78.8%
IV Rank9.7%2.1%18.4%17.6%4.8%
IV Percentile15.8%1.6%27.8%26.6%6.0%
Term Structure0.2%-3.1%4.3%2.6%-0.6%
VWIV52.3%44.2%58.2%56.2%46.5%
Skew 25d6.9%2.9%8.6%8.4%6.7%
Skew 10d14.4%5.4%18.4%15.3%14.1%
Call IV 25d49.5%40.4%56.5%51.5%43.0%
Put IV 25d56.4%47.5%62.9%59.9%49.7%
Bid-Ask Spread %2.672.013.853.853.16
Gamma HHI0.130.070.810.100.08
Net GEX24.3M4.7M187.5M19.2M15.3M
Net DEX-1.02B-1.61B-542.0M-1.61B-729.3M
Net VEX-9.7M-10.4M-9.1M-10.0M-9.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.421.140.971.14
Total Volume115,836.90961,331217,658151,44466,955
Total OI2,270,381.0451,724,5402,633,9062,308,3651,862,718

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-06-01$36.11$30.0056.2%16.1%85.5%17.6%56.2%8.4%2.6%19.2M-1.61B-10.0M0.973.85N/AN/A76,81074,6341,103,9401,204,425
2009-06-02$34.50$31.0058.5%16.8%80.0%18.4%58.2%4.5%2.1%14.1M-1.10B-10.3M0.722.47N/AN/A126,81290,8461,138,6051,229,323
2009-06-03$33.98$31.0054.9%15.7%79.6%15.5%55.0%4.4%4.2%14.4M-1.05B-10.2M0.722.50N/AN/A66,86448,1061,176,4791,248,113
2009-06-04$35.35$31.0052.2%15.0%77.1%13.3%52.3%2.9%4.3%18.7M-1.35B-10.4M0.492.56N/AN/A66,28632,1791,186,4131,260,395
2009-06-05$34.55$35.0046.0%15.5%75.0%8.4%53.9%7.6%0.4%19.6M-1.24B-10.2M0.513.74N/AN/A65,47133,3231,206,3181,263,675
2009-06-08$35.39$35.0047.7%15.6%65.8%6.0%53.4%6.8%0.1%24.0M-1.41B-10.1M0.562.63N/AN/A64,93436,0791,210,1951,259,248
2009-06-09$35.26$35.0045.0%15.0%58.9%3.8%52.1%6.3%1.4%24.5M-1.38B-10.0M0.692.01N/AN/A51,49735,6221,217,7561,264,232
2009-06-10$34.84$35.0045.7%15.1%58.9%4.4%52.4%6.2%0.8%21.6M-1.22B-10.0M0.512.13N/AN/A72,54136,7481,224,4071,264,606
2009-06-11$34.94$35.0053.1%15.2%57.2%10.5%53.6%6.9%-0.4%22.6M-1.27B-10.0M0.632.71N/AN/A72,24945,3131,229,8481,267,939
2009-06-12$35.13$35.0051.5%14.8%55.1%9.1%51.2%6.6%0.2%25.7M-1.33B-9.8M0.953.14N/AN/A34,57132,9901,233,2061,275,742
2009-06-15$34.00$35.0055.2%15.8%56.0%12.2%54.6%7.7%-1.5%13.6M-931.6M-9.5M0.932.21N/AN/A68,94463,8471,234,1711,287,609
2009-06-16$33.50$35.0056.1%16.1%50.3%13.0%55.0%7.8%-2.7%12.1M-844.4M-9.1M0.962.08N/AN/A105,436100,7011,245,7581,286,791
2009-06-17$32.73$35.0057.4%16.5%49.1%14.1%56.4%8.6%-3.1%4.7M-631.2M-9.4M0.772.64N/AN/A122,55994,6621,274,4231,326,133
2009-06-18$34.17$34.0054.1%15.5%50.4%11.3%53.9%8.3%-1.8%24.4M-1.09B-9.4M0.682.13N/AN/A71,17848,7051,298,0681,335,838
2009-06-19$35.00$34.0052.4%15.0%51.1%9.9%53.0%8.3%-0.7%187.5M-1.33B-9.8M0.742.57N/AN/A92,88068,6281,288,8621,325,656
2009-06-22$32.87$34.0055.4%15.9%55.6%12.4%54.6%7.9%-1.2%8.8M-542.0M-9.2M1.002.72N/AN/A53,85653,715890,611833,929
2009-06-23$33.57$34.0051.4%14.7%51.3%9.1%51.9%7.5%-0.3%10.2M-603.6M-9.2M1.042.30N/AN/A34,27635,674901,271851,779
2009-06-24$33.46$34.0050.8%14.6%48.0%8.6%50.1%7.3%-0.1%9.9M-578.9M-9.4M0.893.05N/AN/A47,11842,063909,587861,069
2009-06-25$34.14$34.0047.0%13.5%43.8%5.5%47.4%7.4%-0.1%12.2M-683.4M-9.5M0.422.46N/AN/A58,54124,522928,248877,369
2009-06-26$34.45$34.0044.0%12.6%43.9%3.0%44.2%7.1%1.2%15.3M-775.6M-9.5M0.843.01N/AN/A37,37731,569945,071876,039
2009-06-29$34.60$34.0042.9%12.3%43.5%2.1%44.2%6.7%-0.1%16.3M-794.6M-9.1M0.602.71N/AN/A38,26923,062955,279887,239
2009-06-30$34.11$34.0046.1%13.2%40.6%4.8%46.5%6.7%-0.6%15.3M-729.3M-9.1M1.143.16N/AN/A31,34035,615970,012892,706