JPM Options History — July 2013

In July 2013, JPM traded between $52.49 and $56.67. ATM implied volatility averaged 19.3%, placing in the 9.5% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 1.2% (HV 20d: 18.1%). Max pain ranged from $50.00 to $60.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.76.

Notable Days

  • 2013-07-01: Highest Volume — 415,016 contracts
  • 2013-07-03: Largest IV spike — 20.6% change
  • 2013-07-03: Highest IV Rank — 14.7%
  • 2013-07-03: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.16$52.49$56.67$52.49$55.73
Max Pain$54.50$50.00$60.00$52.50$60.00
ATM IV19.3%17.0%22.6%19.8%19.3%
Expected Move5.6%4.9%6.5%6.3%5.5%
HV 20d18.1%12.7%22.5%22.1%13.1%
HV 60d20.0%18.8%21.6%21.3%18.8%
IV Rank9.5%4.2%14.7%8.5%12.5%
IV Percentile19.6%2.4%48.0%20.6%21.0%
Term Structure-0.0%-1.1%0.7%-0.1%0.1%
VWIV19.7%14.7%23.9%19.7%18.5%
Skew 25d2.7%1.8%4.0%2.4%3.3%
Skew 10d5.4%2.4%8.1%2.4%6.8%
Call IV 25d18.7%16.8%23.5%21.6%17.7%
Put IV 25d21.4%19.1%25.3%24.0%21.0%
Bid-Ask Spread %6.972.9914.797.617.86
Gamma HHI0.230.170.540.200.18
Net GEX65.3M34.4M144.7M40.2M63.7M
Net DEX-2.03B-2.53B-1.28B-1.45B-2.04B
Net VEX-11.2M-12.6M-10.4M-12.6M-10.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.071.430.070.75
Total Volume84,383.09128,277415,016415,01647,326
Total OI1,549,946.8641,419,9941,639,3811,608,7101,502,280

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-07-01$52.49$52.5019.8%6.3%22.1%8.5%19.7%2.4%-0.1%40.2M-1.45B-12.6M0.077.61N/AN/A389,59225,424831,131777,579
2013-07-02$52.80$52.5018.8%6.5%22.1%6.3%22.6%2.2%-0.4%37.4M-1.29B-12.5M0.706.92N/AN/A39,46627,819768,426789,159
2013-07-03$52.77$0.0022.6%6.5%21.1%14.7%23.8%1.8%-0.0%34.4M-1.28B-12.6M0.587.15N/AN/A22,86913,199776,624796,507
2013-07-05$53.99$50.0021.2%6.1%22.5%11.5%23.9%3.9%-0.5%52.8M-1.74B-12.2M0.714.61N/AN/A36,83726,055789,539800,076
2013-07-08$54.70$50.0021.7%6.2%22.4%12.7%21.7%4.0%-0.7%61.9M-1.94B-11.6M0.565.87N/AN/A55,31831,194780,690785,832
2013-07-09$54.89$50.0021.6%6.2%22.4%12.5%22.7%3.9%-0.8%60.3M-1.99B-11.5M1.432.99N/AN/A37,25853,378779,255794,841
2013-07-10$54.83$55.0021.9%6.3%21.5%13.0%23.6%3.5%-1.1%64.0M-1.99B-11.4M0.745.68N/AN/A42,83831,583781,450780,861
2013-07-11$55.14$0.0021.1%6.1%21.4%11.4%22.7%2.5%-0.6%70.4M-2.13B-11.3M0.7314.79N/AN/A76,92355,962794,478789,354
2013-07-12$54.97$55.0019.1%5.5%20.5%7.0%20.0%2.5%-0.0%144.7M-2.08B-11.0M1.053.27N/AN/A86,46490,708813,515810,507
2013-07-15$54.89$52.5018.8%5.4%19.1%10.7%19.0%2.3%0.6%70.4M-2.01B-11.4M0.374.93N/AN/A50,79818,570795,514804,690
2013-07-16$55.01$52.5018.4%5.3%18.6%9.4%18.6%2.4%0.7%85.6M-2.08B-11.1M0.525.70N/AN/A40,15621,059812,448797,763
2013-07-17$55.27$52.5018.3%5.2%18.6%8.8%18.5%2.1%0.6%87.7M-2.19B-10.9M0.907.21N/AN/A32,11528,864813,457804,830
2013-07-18$56.37$52.5017.3%5.0%19.2%5.3%17.9%2.3%0.3%72.9M-2.53B-10.8M0.436.65N/AN/A77,93833,203803,805802,035
2013-07-19$56.16$52.5018.2%5.2%17.4%8.4%17.6%2.3%0.6%66.5M-2.50B-10.5M0.596.65N/AN/A37,77722,232822,973816,408
2013-07-22$56.56$57.5017.2%5.0%16.8%4.9%18.4%2.4%0.1%62.8M-2.31B-10.4M0.9513.57N/AN/A31,95930,298723,847696,147
2013-07-23$56.67$55.0017.0%4.9%14.1%4.2%17.5%2.5%0.0%65.8M-2.35B-10.6M0.747.35N/AN/A25,91919,120740,084712,319
2013-07-24$56.63$55.0017.6%5.0%12.7%6.2%17.7%2.6%0.1%67.4M-2.33B-10.7M1.006.55N/AN/A18,84518,906747,176716,303
2013-07-25$56.50$57.5017.4%5.0%12.8%5.7%17.9%2.6%0.3%67.8M-2.28B-10.8M0.876.86N/AN/A19,89017,280750,707726,354
2013-07-26$56.05$57.5018.6%5.3%13.0%10.2%17.9%2.6%0.3%47.6M-2.13B-11.2M1.356.02N/AN/A24,91133,583755,616731,229
2013-07-29$55.69$60.0019.2%5.5%13.0%12.2%19.1%2.9%0.0%58.3M-2.04B-10.7M0.658.15N/AN/A17,14711,130751,630734,679
2013-07-30$55.33$60.0019.4%5.6%13.0%12.8%14.7%3.0%-0.1%53.5M-1.90B-11.0M0.986.94N/AN/A17,44317,072757,055739,658
2013-07-31$55.73$60.0019.3%5.5%13.1%12.5%18.5%3.3%0.1%63.7M-2.04B-10.7M0.757.86N/AN/A26,97920,347761,706740,574