JPM Options History — June 2011

In June 2011, JPM traded between $39.49 and $41.76. ATM implied volatility averaged 29.1%, placing in the 32.1% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 7.6% (HV 20d: 21.5%). Max pain ranged from $41.00 to $44.00. Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.86.

Notable Days

  • 2011-06-30: Highest Volume — 240,034 contracts
  • 2011-06-06: Largest IV spike — 36.8% change
  • 2011-06-28: Highest IV Rank — 48.9%
  • 2011-06-24: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.74$39.49$41.76$41.76$40.94
Max Pain$42.41$41.00$44.00$44.00$41.00
ATM IV29.1%21.5%35.2%31.6%21.5%
Expected Move8.0%6.8%9.3%6.8%7.4%
HV 20d21.5%20.4%22.2%20.5%21.0%
HV 60d19.3%18.3%20.2%20.2%20.2%
IV Rank32.1%11.5%48.9%38.8%11.5%
IV Percentile61.7%7.9%93.3%73.8%7.9%
Term Structure-1.1%-2.5%0.8%0.8%-1.3%
VWIV28.4%24.7%31.1%24.7%26.3%
Skew 25d5.7%2.3%7.6%4.5%2.3%
Skew 10d12.0%5.0%17.1%9.4%5.0%
Call IV 25d26.1%22.5%29.6%22.5%25.6%
Put IV 25d31.8%27.0%35.7%27.0%27.9%
Bid-Ask Spread %7.513.8510.588.226.22
Gamma HHI0.080.070.100.070.07
Net GEX-17.9M-33.1M8.2M-23.5M8.2M
Net DEX744.7M385.4M1.08B645.3M385.4M
Net VEX-13.6M-14.2M-13.1M-13.1M-14.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.191.551.140.19
Total Volume122,460.63669,877240,034166,257240,034
Total OI2,131,698.0451,883,5542,358,8082,055,9862,130,826

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-06-01$41.76$44.0031.6%6.8%20.5%38.8%24.7%4.5%0.8%-23.5M645.3M-13.1M1.148.22N/AN/A77,79788,460955,6901,100,296
2011-06-02$41.61$44.0026.5%7.2%20.5%25.0%26.5%5.0%0.2%-22.9M678.7M-13.4M1.118.76N/AN/A73,11281,127989,5401,115,988
2011-06-03$41.57$43.0023.9%7.2%20.5%18.0%26.1%5.7%-0.6%-23.0M710.1M-13.6M0.827.46N/AN/A60,10849,1421,004,7491,151,714
2011-06-06$40.53$43.0032.7%8.0%21.8%42.0%28.0%5.8%-1.0%-31.7M1.01B-13.2M0.995.61N/AN/A72,47371,4621,003,1281,146,463
2011-06-07$40.72$43.0030.6%7.7%22.1%36.3%26.6%5.5%-0.7%-30.4M966.3M-13.2M0.767.00N/AN/A41,99331,9091,026,7211,161,893
2011-06-08$40.39$43.0028.4%8.3%21.8%30.1%28.7%6.1%-1.5%-33.1M1.08B-13.2M0.847.05N/AN/A41,39234,6071,031,7311,163,011
2011-06-09$40.98$43.0026.5%7.6%22.1%24.9%26.9%5.7%-0.8%-29.6M888.1M-13.1M1.234.96N/AN/A57,22570,2591,033,3471,166,366
2011-06-10$41.05$43.0027.7%8.0%22.2%28.4%28.7%6.1%-1.4%-25.3M839.0M-13.5M0.607.65N/AN/A137,23882,3281,059,3981,196,382
2011-06-13$41.67$43.0026.3%7.5%22.1%24.4%27.3%6.2%-0.8%-16.4M551.1M-14.0M0.917.91N/AN/A37,96034,6171,095,1561,194,794
2011-06-14$41.60$43.0025.6%7.3%22.0%22.4%26.2%5.8%-0.9%-16.8M591.9M-13.8M1.108.15N/AN/A45,89850,6321,094,4361,196,964
2011-06-15$40.68$43.0029.1%8.3%21.4%32.1%29.1%6.1%-1.2%-28.5M932.0M-13.8M0.716.97N/AN/A96,49368,1761,104,9891,207,133
2011-06-16$40.36$42.0031.2%9.0%21.2%37.9%31.1%7.6%-1.5%-24.9M923.7M-13.8M1.558.22N/AN/A54,37684,4221,136,4921,199,801
2011-06-17$40.80$42.0028.6%8.2%21.8%30.8%29.4%7.1%-0.5%-16.1M783.7M-14.0M1.147.00N/AN/A59,89168,1061,147,2101,211,598
2011-06-20$40.48$42.0029.8%8.5%21.0%34.0%30.8%6.9%-1.2%-13.9M648.1M-13.8M0.875.61N/AN/A37,33632,541903,975979,579
2011-06-21$40.91$42.0028.7%8.2%21.2%30.9%28.7%6.6%-1.7%-9.9M509.3M-13.8M0.727.97N/AN/A64,93647,071918,909988,337
2011-06-22$40.69$42.0027.3%7.8%21.2%27.1%28.2%6.4%-0.6%-9.3M533.4M-13.8M0.778.62N/AN/A50,43638,955949,738996,084
2011-06-23$40.07$42.0029.9%8.6%21.7%34.2%29.8%5.8%-1.2%-17.2M725.2M-13.9M1.0610.58N/AN/A56,94460,415966,6351,008,157
2011-06-24$39.49$42.0031.6%9.3%22.0%39.1%31.1%5.7%-2.2%-11.9M863.3M-13.7M1.078.65N/AN/A42,69045,614988,1051,026,320
2011-06-27$39.88$41.0034.7%8.9%22.1%47.3%30.4%5.7%-1.9%-10.0M744.0M-13.8M0.349.69N/AN/A56,31119,394986,5631,018,692
2011-06-28$39.54$41.0035.2%8.8%21.5%48.9%30.3%4.2%-2.5%-10.7M840.3M-13.2M0.419.02N/AN/A90,25737,3451,004,3351,025,244
2011-06-29$40.45$41.0032.9%8.5%20.4%42.4%29.6%4.1%-2.3%3.2M538.0M-14.1M0.683.85N/AN/A61,18241,4701,057,6611,053,207
2011-06-30$40.94$41.0021.5%7.4%21.0%11.5%26.3%2.3%-1.3%8.2M385.4M-14.2M0.196.22N/AN/A202,33637,6981,064,1851,066,641