JPM Options History — July 2010

In July 2010, JPM traded between $35.83 and $40.69. ATM implied volatility averaged 35.4%, placing in the 37.8% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded below realized volatility by 0.0% (HV 20d: 35.4%). Max pain ranged from $38.00 to $39.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.88.

Notable Days

  • 2010-07-15: Highest Volume — 247,490 contracts
  • 2010-07-15: Largest IV drop — 39.8% change
  • 2010-07-14: Highest IV Rank — 83.4%
  • 2010-07-01: Largest Expected Move — 12.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.09$35.83$40.69$36.08$40.28
Max Pain$38.52$38.00$39.00$38.00$39.00
ATM IV35.4%25.1%54.0%43.1%25.1%
Expected Move9.3%7.2%12.4%12.4%7.2%
HV 20d35.4%30.6%39.0%36.4%30.6%
HV 60d38.1%37.2%39.1%37.6%37.2%
IV Rank37.8%15.5%83.4%50.7%15.5%
IV Percentile45.9%3.2%99.6%86.1%3.2%
Term Structure1.7%-0.9%4.6%-0.5%4.6%
VWIV32.9%25.4%42.9%42.9%25.4%
Skew 25d7.2%5.1%9.7%7.1%5.1%
Skew 10d14.4%10.1%17.4%15.0%10.1%
Call IV 25d29.4%22.6%39.9%39.9%22.6%
Put IV 25d36.6%27.7%47.0%47.0%27.7%
Bid-Ask Spread %2.902.293.692.593.17
Gamma HHI0.080.060.200.080.07
Net GEX17.4M-13.9M74.9M-9.5M23.7M
Net DEX49.6M-577.2M870.4M806.1M-189.4M
Net VEX-14.4M-15.4M-13.2M-13.5M-14.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.441.780.991.68
Total Volume100,522.57134,091247,490131,37534,091
Total OI2,266,6312,122,1292,468,5752,209,5052,285,132

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-07-01$36.08$38.0043.1%12.4%36.4%50.7%42.9%7.1%-0.5%-9.5M806.1M-13.5M0.992.59N/AN/A65,92665,4491,146,7161,062,789
2010-07-02$35.83$38.0039.3%11.3%34.1%42.4%41.0%6.7%1.2%-12.2M870.4M-13.2M1.782.29N/AN/A33,78260,1411,162,7671,070,544
2010-07-06$36.33$38.0042.9%11.5%33.5%50.1%37.7%9.7%-0.3%-13.9M805.5M-13.2M0.832.39N/AN/A53,31044,2591,172,0631,098,654
2010-07-07$38.15$38.0039.1%10.4%36.5%41.8%37.7%8.3%0.5%7.8M293.0M-14.1M0.562.97N/AN/A71,62240,3051,181,7081,067,874
2010-07-08$38.16$38.0039.0%10.3%35.9%41.8%37.3%8.1%0.4%10.9M278.0M-14.0M0.882.94N/AN/A46,02640,5961,196,5781,068,053
2010-07-09$38.85$38.0039.3%10.0%34.8%42.4%35.9%7.6%0.4%21.5M27.5M-14.5M0.583.24N/AN/A50,68929,1841,209,6491,074,981
2010-07-12$39.19$38.0049.0%10.4%34.8%63.6%36.4%8.0%0.1%25.7M-96.0M-14.6M0.792.55N/AN/A59,56747,1631,220,6241,079,777
2010-07-13$40.48$38.0049.5%10.2%35.5%64.5%35.8%7.7%0.1%41.8M-559.6M-15.0M0.442.76N/AN/A119,85652,7361,232,7181,089,297
2010-07-14$40.35$38.0054.0%10.4%34.7%83.4%34.4%7.8%-0.9%44.1M-503.7M-15.3M0.443.39N/AN/A151,81767,1231,262,0261,099,807
2010-07-15$40.46$38.0032.5%9.3%34.7%30.9%32.8%7.6%1.1%74.9M-577.2M-15.4M0.662.58N/AN/A149,40498,0861,322,0851,125,137
2010-07-16$39.00$39.0033.8%9.7%37.4%40.9%34.2%7.6%2.0%18.9M102.5M-14.9M0.873.05N/AN/A73,77964,3721,324,7051,143,870
2010-07-19$39.04$39.0031.6%9.0%36.7%34.3%31.6%8.3%2.3%4.6M185.5M-14.4M0.542.88N/AN/A49,23426,3711,107,9521,014,177
2010-07-20$39.63$39.0028.9%8.3%37.0%26.6%29.2%7.2%2.0%8.8M49.3M-14.5M0.582.64N/AN/A41,73924,2881,125,8641,024,585
2010-07-21$38.42$39.0032.4%9.3%38.4%36.8%31.1%6.9%2.1%2.8M322.8M-14.1M0.972.92N/AN/A42,98441,8361,138,0631,029,096
2010-07-22$39.35$39.0029.6%8.5%39.0%28.8%29.8%6.4%2.6%10.5M98.4M-14.5M0.602.98N/AN/A48,48529,0021,158,5411,040,830
2010-07-23$39.83$39.0027.3%7.8%38.2%22.0%28.7%6.3%3.8%16.7M-63.2M-14.7M0.872.64N/AN/A26,87023,3971,180,4931,049,667
2010-07-26$40.33$39.0026.8%7.7%36.3%20.5%27.3%6.3%3.6%20.7M-182.6M-14.7M1.283.37N/AN/A22,57228,8491,183,2751,059,233
2010-07-27$40.69$39.0026.1%7.5%35.2%18.3%26.9%6.1%3.8%24.3M-300.2M-14.8M1.153.69N/AN/A42,35048,8241,189,9131,065,747
2010-07-28$40.32$39.0027.1%7.8%31.9%21.1%28.0%5.8%3.7%22.1M-179.2M-14.6M1.102.96N/AN/A23,84126,2851,197,4461,067,796
2010-07-29$40.21$39.0026.0%7.5%31.4%18.2%26.3%5.6%4.0%21.7M-145.8M-14.4M0.942.88N/AN/A23,03121,7331,202,4321,066,587
2010-07-30$40.28$39.0025.1%7.2%30.6%15.5%25.4%5.1%4.6%23.7M-189.4M-14.5M1.683.17N/AN/A12,72121,3701,212,5371,072,595