JPM Options History — March 2010

In March 2010, JPM traded between $41.53 and $45.02. ATM implied volatility averaged 27.6%, placing in the 4.1% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 6.2% (HV 20d: 21.4%). Max pain ranged from $40.00 to $43.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.85.

Notable Days

  • 2010-03-23: Highest Volume — 212,127 contracts
  • 2010-03-11: Largest IV spike — 26.0% change
  • 2010-03-15: Highest IV Rank — 7.8%
  • 2010-03-15: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.42$41.53$45.02$41.83$44.75
Max Pain$41.70$40.00$43.00$40.00$43.00
ATM IV27.6%23.7%30.6%28.0%28.3%
Expected Move8.1%7.4%8.8%8.0%8.1%
HV 20d21.4%12.7%31.4%31.4%12.7%
HV 60d29.3%28.1%30.2%30.0%28.1%
IV Rank4.1%0.0%7.8%3.3%5.8%
IV Percentile4.8%0.0%13.9%1.6%6.7%
Term Structure-0.1%-2.0%2.9%2.5%-1.6%
VWIV29.2%26.5%31.6%29.5%29.3%
Skew 25d3.2%-28.9%5.7%5.2%4.8%
Skew 10d8.5%-5.2%11.9%10.0%9.7%
Call IV 25d28.1%24.5%59.9%26.3%26.4%
Put IV 25d31.2%28.2%33.6%31.5%31.2%
Bid-Ask Spread %4.302.1728.853.144.27
Gamma HHI0.110.090.160.090.11
Net GEX73.9M49.8M93.9M65.1M71.5M
Net DEX-1.63B-2.07B-1.05B-1.22B-1.77B
Net VEX-15.5M-16.4M-14.9M-15.3M-16.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.321.361.061.36
Total Volume93,52547,595212,12769,42255,676
Total OI2,190,447.5651,847,4712,406,1502,185,9442,117,315

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-03-01$41.83$40.0028.0%8.0%31.4%3.3%29.5%5.2%2.5%65.1M-1.22B-15.3M1.063.14N/AN/A33,66335,7591,329,271856,673
2010-03-02$41.62$40.0028.1%8.0%31.1%3.3%29.2%4.9%1.9%62.2M-1.10B-15.0M0.783.92N/AN/A51,05539,5731,325,583859,967
2010-03-03$41.53$40.0028.3%8.1%30.1%3.5%29.6%4.9%1.8%60.8M-1.05B-14.9M0.324.33N/AN/A70,72322,8991,324,534866,143
2010-03-04$41.92$40.0026.5%7.6%30.1%2.1%27.7%4.5%2.9%70.5M-1.22B-15.3M0.935.01N/AN/A39,15836,5321,359,910873,060
2010-03-05$42.81$41.0023.7%8.0%24.0%0.0%29.0%5.7%0.7%77.5M-1.58B-15.6M0.652.17N/AN/A57,17137,3441,363,462888,242
2010-03-08$42.59$41.0024.3%8.1%24.1%0.5%29.3%5.5%0.0%78.7M-1.49B-15.3M1.042.62N/AN/A28,95229,9981,372,734888,641
2010-03-09$42.42$41.0025.4%8.5%23.1%1.3%30.2%5.4%-0.5%76.8M-1.37B-15.1M1.063.12N/AN/A23,09024,5051,368,947898,595
2010-03-10$42.93$41.0024.1%8.5%22.8%0.4%30.0%5.7%-0.7%84.1M-1.67B-15.2M0.673.30N/AN/A70,53346,9601,371,837903,850
2010-03-11$43.18$42.0030.3%8.7%22.6%7.5%31.6%4.7%-0.6%82.4M-1.77B-15.5M0.872.71N/AN/A48,19941,8101,375,597914,042
2010-03-12$43.15$42.0030.1%8.6%22.7%7.2%30.4%5.1%-0.5%83.8M-1.79B-15.6M1.032.46N/AN/A41,82043,0841,388,201926,847
2010-03-15$43.07$42.0030.6%8.8%22.7%7.8%31.4%4.8%-0.7%83.0M-1.71B-15.3M0.983.04N/AN/A36,14835,2921,384,693938,686
2010-03-16$43.24$42.0029.3%8.4%21.0%6.3%29.6%4.5%-0.6%86.4M-1.76B-15.1M0.552.85N/AN/A91,59550,4541,395,474949,878
2010-03-17$43.79$42.0028.4%8.1%21.1%5.3%28.8%-28.9%-0.2%87.5M-2.07B-15.3M0.4828.85N/AN/A105,10750,0791,410,663974,846
2010-03-18$43.64$42.0027.6%7.9%21.2%4.4%28.5%3.9%-0.4%93.9M-1.91B-15.4M0.753.08N/AN/A38,39528,9321,419,700985,722
2010-03-19$43.45$42.0028.0%8.0%20.9%4.8%28.1%3.6%0.0%74.0M-1.90B-15.1M0.692.90N/AN/A47,10032,6261,420,766985,384
2010-03-22$43.74$42.0026.4%7.6%20.0%3.0%27.6%3.9%-0.4%49.8M-1.29B-15.0M1.062.80N/AN/A38,58741,0741,108,342739,129
2010-03-23$44.58$42.0025.7%7.4%17.9%2.3%26.5%3.6%-1.0%57.4M-1.62B-15.2M0.522.70N/AN/A139,90672,2211,127,810744,546
2010-03-24$44.94$42.0027.1%7.8%16.6%3.8%28.0%3.9%-0.9%72.7M-1.89B-15.9M0.942.60N/AN/A58,69555,1101,214,741776,684
2010-03-25$44.94$43.0027.4%7.9%16.3%4.2%27.8%4.0%-0.8%72.0M-1.88B-16.2M1.013.46N/AN/A56,24856,6421,230,376801,054
2010-03-26$45.02$43.0028.8%8.3%12.8%5.8%29.5%4.5%-1.2%67.8M-1.80B-16.4M0.923.08N/AN/A40,49637,1161,235,313817,297
2010-03-29$44.86$43.0029.4%8.4%12.8%6.4%30.4%4.4%-2.0%70.5M-1.79B-15.9M0.733.12N/AN/A42,23230,7691,238,497821,758
2010-03-30$44.58$43.0028.4%8.2%12.9%5.3%29.3%4.5%-1.3%71.1M-1.71B-16.0M1.143.41N/AN/A40,99546,7521,253,048832,436
2010-03-31$44.75$43.0028.3%8.1%12.7%5.8%29.3%4.8%-1.6%71.5M-1.77B-16.3M1.364.27N/AN/A23,54432,1321,267,242850,073