JPM Options History — November 2013

In November 2013, JPM traded between $51.65 and $57.65. ATM implied volatility averaged 17.9%, placing in the 11.0% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 3.7% (HV 20d: 21.6%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.66.

Notable Days

  • 2013-11-15: Highest Volume — 161,077 contracts
  • 2013-11-08: Largest IV drop — 8.7% change
  • 2013-11-07: Highest IV Rank — 15.8%
  • 2013-11-29: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.89$51.65$57.65$52.51$57.22
Max Pain$52.89$50.00$55.00$53.00$50.00
ATM IV17.9%17.1%18.8%18.0%18.3%
Expected Move6.4%4.9%7.2%5.1%7.2%
HV 20d21.6%18.2%24.1%23.4%19.4%
HV 60d21.3%20.6%22.3%20.6%21.1%
IV Rank11.0%6.6%15.8%11.3%12.8%
IV Percentile13.8%4.0%25.8%12.3%21.0%
Term Structure0.8%-0.4%2.8%0.2%1.4%
VWIV22.6%17.3%28.7%17.5%24.5%
Skew 25d2.1%1.5%2.4%2.2%2.4%
Skew 10d4.4%3.5%5.5%4.4%3.8%
Call IV 25d17.1%16.5%17.8%17.1%16.9%
Put IV 25d19.2%18.3%20.2%19.3%19.3%
Bid-Ask Spread %6.932.4815.5814.338.26
Gamma HHI0.250.140.640.240.20
Net GEX86.0M13.9M272.3M93.1M80.9M
Net DEX-1.87B-2.86B-551.7M-1.02B-2.51B
Net VEX-11.8M-12.4M-11.2M-11.4M-12.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.361.510.540.51
Total Volume80,692.126,324161,07777,97726,324
Total OI1,775,053.31,682,9821,844,9291,756,9741,844,929

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-11-01$52.51$53.0018.0%5.1%23.4%11.3%17.5%2.2%0.2%93.1M-1.02B-11.4M0.5414.33N/AN/A50,59127,386893,311863,663
2013-11-04$52.04$51.0018.6%5.3%22.9%14.4%18.0%2.4%0.0%34.4M-754.0M-11.4M1.0910.59N/AN/A30,25533,093849,499833,483
2013-11-05$51.95$51.5018.6%5.3%21.8%14.5%17.9%2.4%0.1%20.2M-691.3M-11.3M0.639.05N/AN/A24,21015,259855,233855,579
2013-11-06$52.10$51.5018.1%5.2%21.8%11.9%17.9%1.9%0.1%21.4M-760.6M-11.2M0.7410.18N/AN/A35,35226,042865,613862,131
2013-11-07$51.65$51.5018.8%5.4%18.2%15.8%18.6%2.2%-0.4%13.9M-551.7M-11.3M0.4513.93N/AN/A47,58221,294879,600874,140
2013-11-08$53.96$51.5017.2%4.9%24.1%7.2%17.3%1.9%-0.1%84.7M-1.78B-11.3M0.4315.58N/AN/A86,22337,150906,172879,867
2013-11-11$54.10$0.0017.8%6.3%24.1%10.1%22.6%2.1%-0.2%87.4M-1.72B-11.3M0.883.17N/AN/A43,03337,658888,640874,575
2013-11-12$53.97$55.0017.7%6.4%23.9%9.6%22.2%2.2%-0.2%87.3M-1.64B-11.5M0.727.05N/AN/A24,65917,665900,804877,112
2013-11-13$54.14$55.0017.8%6.5%21.1%10.3%23.8%2.2%-0.2%71.7M-1.68B-11.4M0.783.59N/AN/A42,71033,407905,336884,841
2013-11-14$54.40$55.0017.9%6.6%21.1%11.1%24.0%2.1%0.2%104.6M-1.77B-11.8M0.467.02N/AN/A51,60823,983910,281895,452
2013-11-15$54.87$55.0018.4%6.7%21.4%13.3%23.9%1.8%-0.2%272.3M-2.04B-11.9M0.504.06N/AN/A107,33853,739923,723906,171
2013-11-18$55.74$55.0017.8%6.9%22.0%10.4%23.6%2.0%2.4%88.0M-2.14B-11.9M0.406.03N/AN/A77,47330,813853,972850,891
2013-11-19$56.15$55.0018.2%7.0%21.5%12.4%24.0%2.1%2.6%91.4M-2.38B-11.7M0.483.40N/AN/A107,50352,069871,575861,235
2013-11-20$56.10$55.0018.5%7.0%20.4%14.1%24.4%2.1%2.3%95.0M-2.30B-12.2M0.364.37N/AN/A61,43022,072896,742887,788
2013-11-21$57.22$55.0017.3%6.9%21.0%7.6%24.8%1.5%0.3%104.1M-2.82B-12.4M0.422.48N/AN/A60,41725,582930,319893,572
2013-11-22$57.46$55.0017.1%7.0%21.0%6.6%26.7%1.7%0.2%102.9M-2.86B-12.4M0.994.44N/AN/A39,20238,636922,102905,515
2013-11-25$57.65$50.0017.5%7.0%20.9%9.0%24.1%1.8%2.5%91.1M-2.78B-11.8M0.553.50N/AN/A43,22723,808887,324890,616
2013-11-26$57.17$50.0017.8%7.1%21.3%10.2%28.7%2.0%2.8%89.3M-2.53B-12.4M0.753.55N/AN/A47,07135,208901,480902,095
2013-11-27$57.48$50.0017.4%7.1%21.2%8.0%26.7%1.9%1.3%86.7M-2.62B-12.4M1.514.08N/AN/A21,03731,733902,840912,845
2013-11-29$57.22$50.0018.3%7.2%19.4%12.8%24.5%2.4%1.4%80.9M-2.51B-12.4M0.518.26N/AN/A17,3978,927910,738934,191