JPM Options History — October 2009

In October 2009, JPM traded between $41.37 and $47.16. ATM implied volatility averaged 39.4%, placing in the 7.7% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded below realized volatility by 0.4% (HV 20d: 39.9%). Max pain ranged from $44.00 to $45.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.88.

Notable Days

  • 2009-10-14: Highest Volume — 255,266 contracts
  • 2009-10-14: Largest IV drop — 40.7% change
  • 2009-10-12: Highest IV Rank — 15.8%
  • 2009-10-01: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.77$41.37$47.16$41.37$41.77
Max Pain$44.82$44.00$45.00$44.00$45.00
ATM IV39.4%29.1%50.4%49.7%45.6%
Expected Move10.8%8.6%14.2%14.2%13.1%
HV 20d39.9%35.8%42.1%38.6%42.1%
HV 60d36.4%35.0%38.7%38.6%38.7%
IV Rank7.7%0.0%15.8%15.2%12.4%
IV Percentile14.4%0.0%28.6%25.4%28.6%
Term Structure-0.5%-4.2%1.6%-4.2%-1.4%
VWIV37.9%30.4%48.2%48.2%45.0%
Skew 25d5.0%3.3%8.3%5.9%8.0%
Skew 10d11.2%6.7%21.9%11.8%17.5%
Call IV 25d35.4%28.6%46.8%46.8%42.6%
Put IV 25d40.5%32.2%52.7%52.7%50.6%
Bid-Ask Spread %3.211.5518.823.483.03
Gamma HHI0.140.100.450.100.10
Net GEX43.7M18.5M127.4M18.5M20.6M
Net DEX-2.01B-2.96B-1.00B-1.05B-1.00B
Net VEX-10.4M-12.2M-9.2M-10.2M-12.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.421.360.610.96
Total Volume130,857.63670,767255,266146,653188,031
Total OI2,081,394.8181,913,4382,214,2641,913,4382,197,480

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-10-01$41.37$44.0049.7%14.2%38.6%15.2%48.2%5.9%-4.2%18.5M-1.05B-10.2M0.613.48N/AN/A91,17455,479988,989924,449
2009-10-02$41.86$44.0047.9%13.7%37.2%13.9%47.9%4.3%-3.2%22.0M-1.18B-10.7M0.892.64N/AN/A75,73667,5051,016,202934,849
2009-10-05$43.80$44.0048.5%12.6%40.6%14.3%43.5%6.7%-1.6%33.2M-1.74B-10.9M0.672.21N/AN/A68,01345,8711,046,715949,964
2009-10-06$44.91$44.0047.9%12.2%41.4%13.9%42.8%6.3%-1.5%38.9M-2.09B-11.1M0.422.52N/AN/A87,14236,7701,067,987965,107
2009-10-07$45.70$45.0047.1%11.5%41.7%13.3%40.7%6.5%-1.1%45.6M-2.39B-10.8M0.911.81N/AN/A71,39665,3191,089,477969,081
2009-10-08$45.30$45.0044.3%11.7%41.9%11.1%40.9%6.0%-1.2%46.4M-2.33B-9.7M1.151.70N/AN/A68,03978,4081,101,558982,983
2009-10-09$45.85$45.0040.8%11.2%41.7%8.5%40.5%5.3%-0.8%54.1M-2.51B-9.9M1.311.55N/AN/A33,26843,5611,117,511982,287
2009-10-12$46.08$45.0050.4%11.2%40.6%15.8%39.7%4.9%-1.6%53.5M-2.54B-10.1M0.802.21N/AN/A74,82659,5381,110,609993,758
2009-10-13$45.66$45.0049.1%10.9%40.5%14.8%39.0%4.5%-1.4%52.4M-2.43B-9.5M0.833.27N/AN/A121,279100,2091,117,4561,013,403
2009-10-14$47.16$45.0029.1%10.0%40.4%0.0%35.2%8.3%-0.1%75.0M-2.96B-11.0M0.8018.82N/AN/A141,744113,5221,153,1161,037,672
2009-10-15$47.16$45.0033.2%9.5%40.3%3.1%33.7%4.4%0.5%70.9M-2.96B-9.8M0.612.31N/AN/A56,97135,0111,145,3501,064,545
2009-10-16$46.06$45.0030.8%8.8%41.4%1.3%31.2%3.6%1.6%127.4M-2.61B-9.7M0.731.91N/AN/A83,57760,6941,145,3871,068,877
2009-10-19$45.98$45.0030.2%8.6%41.2%0.8%30.5%3.6%1.5%40.2M-2.26B-9.2M1.262.72N/AN/A36,03245,382999,469938,647
2009-10-20$46.03$45.0030.1%8.6%38.3%0.7%30.4%3.6%1.4%38.9M-2.22B-9.6M0.802.31N/AN/A62,16049,9611,007,800960,333
2009-10-21$44.65$45.0031.0%8.9%38.3%1.4%31.0%3.6%0.8%34.3M-1.70B-10.3M0.913.02N/AN/A71,36464,8111,034,848982,046
2009-10-22$45.71$45.0030.3%8.7%38.8%0.9%30.6%3.3%1.6%38.3M-2.17B-9.8M0.942.30N/AN/A39,84337,6051,047,5321,008,005
2009-10-23$45.23$45.0031.7%9.1%38.5%2.0%31.5%3.5%1.4%36.2M-2.01B-10.3M1.362.75N/AN/A29,97940,7881,057,8951,017,083
2009-10-26$43.82$45.0035.7%10.2%39.1%4.9%35.6%4.0%0.2%26.6M-1.54B-11.1M0.932.58N/AN/A76,94371,4301,060,0921,026,870
2009-10-27$43.90$45.0036.3%10.4%39.1%5.4%36.3%4.4%-0.6%30.1M-1.62B-10.6M0.742.88N/AN/A73,13754,4431,088,7111,037,028
2009-10-28$42.68$45.0041.4%11.9%39.4%9.3%41.5%5.5%-2.0%24.2M-1.25B-11.1M1.032.07N/AN/A55,43557,2891,111,8151,051,872
2009-10-29$44.35$45.0036.4%10.4%35.8%5.5%36.8%5.0%-0.1%33.6M-1.73B-11.6M0.742.56N/AN/A51,27737,9061,120,8351,054,993
2009-10-30$41.77$45.0045.6%13.1%42.1%12.4%45.0%8.0%-1.4%20.6M-1.00B-12.2M0.963.03N/AN/A95,78192,2501,135,0881,062,392