JPM Options History — October 2013

In October 2013, JPM traded between $50.75 and $54.30. ATM implied volatility averaged 21.8%, placing in the 25.3% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded below realized volatility by 1.0% (HV 20d: 22.9%). Max pain ranged from $52.00 to $54.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.60.

Notable Days

  • 2013-10-01: Highest Volume — 443,174 contracts
  • 2013-10-10: Largest IV drop — 17.7% change
  • 2013-10-09: Highest IV Rank — 52.9%
  • 2013-10-09: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.61$50.75$54.30$51.96$51.54
Max Pain$52.95$52.00$54.50$52.50$53.50
ATM IV21.8%18.1%30.3%22.4%18.9%
Expected Move6.3%5.2%8.7%6.4%5.4%
HV 20d22.9%20.7%26.6%21.3%23.0%
HV 60d19.0%17.0%20.3%17.0%20.3%
IV Rank25.3%12.0%52.9%23.8%15.9%
IV Percentile48.2%13.5%96.4%62.3%24.2%
Term Structure-0.7%-2.9%0.9%-1.3%0.2%
VWIV22.1%17.9%31.3%22.2%18.5%
Skew 25d3.0%2.2%4.3%2.4%2.5%
Skew 10d5.8%-4.1%9.2%5.0%4.6%
Call IV 25d20.9%17.2%28.9%21.8%17.9%
Put IV 25d23.8%19.5%32.6%24.2%20.3%
Bid-Ask Spread %10.234.7329.434.8510.99
Gamma HHI0.230.140.420.180.16
Net GEX70.2M14.9M189.4M45.5M14.9M
Net DEX-1.13B-1.99B-396.9M-915.2M-481.5M
Net VEX-12.1M-12.8M-11.3M-11.8M-11.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.061.300.060.56
Total Volume117,359.78349,889443,174443,17478,404
Total OI1,763,668.2611,640,4181,903,4601,706,2461,729,458

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-10-01$51.96$52.5022.4%6.4%21.3%23.8%22.2%2.4%-1.3%45.5M-915.2M-11.8M0.064.85N/AN/A416,29926,875890,509815,737
2013-10-02$52.09$52.5024.9%7.1%20.7%33.0%24.5%2.5%-1.9%56.4M-820.9M-11.9M0.3312.62N/AN/A158,09851,654846,443824,091
2013-10-03$51.94$52.0025.9%7.4%20.7%36.8%26.1%2.9%-2.2%51.6M-806.8M-12.2M0.5529.43N/AN/A65,23735,631871,379828,354
2013-10-04$52.67$52.5025.0%7.2%21.1%33.6%25.4%2.6%-2.1%76.2M-1.28B-12.7M0.5511.58N/AN/A57,86731,594930,192843,777
2013-10-07$51.83$52.5027.5%7.9%21.7%42.5%31.3%3.5%-2.8%52.5M-859.4M-12.7M0.688.09N/AN/A32,62022,149916,781829,593
2013-10-08$50.87$52.5029.8%8.5%21.7%50.9%29.9%3.4%-2.3%36.7M-459.3M-12.6M0.558.19N/AN/A63,59034,809931,216839,834
2013-10-09$50.75$52.5030.3%8.7%21.6%52.9%30.7%3.7%-2.9%35.4M-396.9M-12.8M0.3714.35N/AN/A79,08729,104959,563851,492
2013-10-10$52.52$0.0024.9%7.2%24.3%33.2%25.3%4.3%-1.0%85.5M-1.23B-12.8M0.6016.11N/AN/A104,59463,256998,149858,958
2013-10-11$52.51$52.0021.3%6.2%24.1%20.0%21.6%3.2%-0.8%189.4M-1.21B-12.8M0.557.86N/AN/A116,81564,3001,017,648885,812
2013-10-14$52.71$52.5021.8%6.2%23.9%31.4%21.6%3.4%-0.6%65.0M-1.19B-12.4M1.304.73N/AN/A73,06695,023943,634859,001
2013-10-15$52.31$52.5022.5%6.4%24.0%35.2%22.5%4.0%-0.9%68.9M-1.02B-12.8M0.716.29N/AN/A36,06925,768972,342877,632
2013-10-16$54.00$52.5019.3%5.5%26.6%18.1%20.0%3.5%-0.3%115.6M-1.87B-12.3M0.524.98N/AN/A97,47050,199966,267884,623
2013-10-17$54.21$52.5018.6%5.3%26.1%14.6%19.6%3.3%0.9%130.3M-1.98B-12.2M0.384.83N/AN/A59,01522,202976,322889,431
2013-10-18$54.30$52.5018.7%5.3%26.1%15.1%19.2%2.8%0.3%94.4M-1.99B-12.2M0.337.29N/AN/A108,02135,390976,973890,636
2013-10-21$54.27$54.5019.0%5.5%24.1%16.7%19.6%2.8%-0.4%79.8M-1.70B-11.8M0.5012.27N/AN/A49,06224,704833,516806,902
2013-10-22$53.62$54.0019.3%5.5%23.0%18.3%18.9%3.0%0.7%85.1M-1.58B-11.8M0.6810.74N/AN/A40,23027,225871,563815,690
2013-10-23$52.75$54.5019.6%5.6%22.1%19.6%18.8%2.6%-0.3%59.7M-1.07B-11.8M0.7510.71N/AN/A30,61923,025881,821827,485
2013-10-24$52.48$54.0019.0%5.5%22.2%16.5%19.0%2.6%-0.5%49.6M-932.5M-11.7M1.167.71N/AN/A31,25136,280883,185831,460
2013-10-25$52.77$53.5018.5%5.3%22.2%13.8%19.5%2.2%-0.4%59.9M-1.08B-11.7M0.528.48N/AN/A32,77917,110891,060844,224
2013-10-28$52.68$53.0018.5%5.3%21.8%14.2%18.1%2.2%0.1%57.8M-1.04B-11.3M0.7812.86N/AN/A37,47129,317878,786824,795
2013-10-29$52.73$53.0018.3%5.2%21.7%12.8%17.9%2.4%0.5%56.2M-1.04B-11.4M0.755.08N/AN/A60,08845,145892,148838,123
2013-10-30$52.60$53.5018.1%5.2%21.8%12.0%18.2%2.4%0.5%49.0M-993.5M-11.4M0.6715.21N/AN/A48,37032,393889,085848,680
2013-10-31$51.54$53.5018.9%5.4%23.0%15.9%18.5%2.5%0.2%14.9M-481.5M-11.3M0.5610.99N/AN/A50,17028,234878,475850,983