JPM Options History — August 2010

In August 2010, JPM traded between $35.63 and $41.64. ATM implied volatility averaged 29.1%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 2.3% (HV 20d: 26.9%). Max pain ranged from $39.00 to $41.00. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.89.

Notable Days

  • 2010-08-11: Highest Volume — 124,712 contracts
  • 2010-08-11: Largest IV spike — 17.8% change
  • 2010-08-13: Highest IV Rank — 39.5%
  • 2010-08-11: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.13$35.63$41.64$41.64$36.36
Max Pain$39.95$39.00$41.00$39.00$40.00
ATM IV29.1%24.2%33.3%24.2%32.0%
Expected Move8.5%6.9%9.6%6.9%9.2%
HV 20d26.9%22.7%32.5%31.8%23.8%
HV 60d34.3%30.8%37.0%36.7%30.8%
IV Rank27.3%12.9%39.5%12.9%35.5%
IV Percentile23.8%2.4%44.0%2.4%42.1%
Term Structure3.7%2.5%5.2%3.2%3.9%
VWIV29.9%25.5%34.1%25.9%31.5%
Skew 25d6.0%3.8%7.8%4.2%5.4%
Skew 10d12.7%7.7%16.8%9.8%11.9%
Call IV 25d27.3%22.7%30.5%23.0%29.4%
Put IV 25d33.3%26.6%38.3%27.3%34.8%
Bid-Ask Spread %2.921.944.492.754.49
Gamma HHI0.080.070.140.080.08
Net GEX782.9K-25.5M38.4M38.1M-13.1M
Net DEX474.8M-649.5M1.06B-649.5M930.1M
Net VEX-12.8M-14.7M-11.3M-14.6M-11.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.451.310.720.85
Total Volume59,709.77335,183124,712109,36349,969
Total OI2,359,646.5452,214,2372,457,5962,297,2012,327,634

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-08-02$41.64$39.0024.2%6.9%31.8%12.9%25.9%4.2%3.2%38.1M-649.5M-14.6M0.722.75N/AN/A63,76545,5981,215,7751,081,426
2010-08-03$41.08$39.0025.1%7.2%32.5%15.3%25.8%3.9%3.3%34.8M-483.2M-14.4M0.713.36N/AN/A31,16322,0221,233,1041,091,199
2010-08-04$41.29$39.0024.6%7.0%28.3%13.9%25.5%3.8%4.1%38.4M-566.7M-14.7M0.922.33N/AN/A34,39231,7091,248,9061,093,241
2010-08-05$41.27$39.0024.5%7.0%28.3%13.6%26.3%4.4%3.4%37.3M-539.2M-14.7M1.222.24N/AN/A15,86919,3141,257,6611,109,453
2010-08-06$40.44$41.0025.2%8.4%29.1%15.9%29.1%6.7%3.1%28.4M-210.0M-14.4M1.072.41N/AN/A29,24131,2971,258,4381,111,673
2010-08-09$39.82$41.0026.1%8.3%29.6%18.4%29.5%6.5%2.5%18.8M24.1M-13.7M0.522.48N/AN/A37,74919,6801,264,1091,118,486
2010-08-10$39.17$41.0027.3%8.6%27.7%21.9%29.6%6.5%3.3%10.2M228.8M-13.4M0.862.32N/AN/A27,87123,8491,279,6511,121,147
2010-08-11$37.77$40.0032.2%9.6%30.3%36.1%34.1%7.8%2.5%-6.4M663.5M-13.1M1.001.94N/AN/A62,37162,3411,283,0191,126,611
2010-08-12$37.81$40.0031.9%9.2%30.3%35.4%32.2%6.9%3.0%-7.3M670.6M-13.1M0.782.13N/AN/A36,83428,7521,284,1001,139,024
2010-08-13$37.50$40.0033.3%9.5%27.7%39.5%32.3%6.6%3.0%-6.6M710.3M-13.0M0.663.29N/AN/A24,24315,9981,296,6651,133,584
2010-08-16$37.69$40.0031.4%9.0%27.8%34.0%31.5%6.6%3.5%-8.5M708.3M-12.8M0.942.73N/AN/A18,46417,3771,297,1761,136,733
2010-08-17$37.48$40.0031.8%9.1%27.1%34.9%31.7%6.8%3.2%-11.3M768.3M-12.4M0.973.69N/AN/A22,59721,8611,301,4461,134,589
2010-08-18$37.89$40.0029.4%8.4%25.3%28.1%29.9%6.5%4.3%-7.1M661.0M-12.7M1.033.14N/AN/A25,26326,1081,302,5651,137,486
2010-08-19$37.07$40.0031.7%9.1%24.6%34.8%32.2%6.9%3.7%-17.8M902.1M-12.3M1.182.88N/AN/A27,92632,9761,303,1411,147,882
2010-08-20$37.14$40.0030.0%8.6%24.1%29.8%29.4%6.5%5.2%-25.5M885.4M-12.2M0.723.15N/AN/A25,14418,1261,304,7531,152,843
2010-08-23$36.88$40.0028.6%8.2%23.3%25.7%28.6%6.6%5.0%-13.9M851.2M-11.8M0.453.07N/AN/A49,77922,4591,150,5191,063,718
2010-08-24$36.21$40.0031.6%9.0%23.3%34.4%30.4%7.1%3.9%-14.5M965.3M-11.6M1.143.09N/AN/A37,52442,9011,176,9471,068,617
2010-08-25$36.23$40.0031.6%9.1%23.3%34.4%31.5%6.7%3.8%-13.3M932.7M-11.7M0.712.76N/AN/A36,42325,9211,185,8591,075,876
2010-08-26$35.63$40.0031.3%9.0%23.7%33.6%31.7%6.6%4.1%-15.2M1.06B-11.3M1.063.83N/AN/A25,34626,7791,197,5701,085,198
2010-08-27$36.60$40.0027.1%7.8%26.3%21.3%29.1%4.8%4.7%-13.2M888.7M-11.7M0.663.15N/AN/A36,37123,9351,203,6951,095,817
2010-08-30$35.85$40.0030.3%8.7%22.7%30.8%30.7%5.1%4.4%-15.0M1.04B-11.3M1.313.09N/AN/A15,70820,6001,216,6571,098,231
2010-08-31$36.36$40.0032.0%9.2%23.8%35.5%31.5%5.4%3.9%-13.1M930.1M-11.6M0.854.49N/AN/A27,06822,9011,222,2841,105,350