JPM Options History — May 2014

In May 2014, JPM traded between $53.31 and $55.72. ATM implied volatility averaged 15.9%, placing in the 4.6% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 1.8% (HV 20d: 17.7%). Max pain ranged from $52.50 to $60.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.81.

Notable Days

  • 2014-05-05: Highest Volume — 86,161 contracts
  • 2014-05-19: Largest IV drop — 10.9% change
  • 2014-05-05: Highest IV Rank — 13.0%
  • 2014-05-06: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.49$53.31$55.72$55.72$55.57
Max Pain$55.25$52.50$60.00$52.50$57.50
ATM IV15.9%14.4%17.8%16.6%14.9%
Expected Move5.8%5.3%6.4%6.3%5.4%
HV 20d17.7%15.6%22.3%20.3%16.1%
HV 60d19.2%18.5%19.5%19.0%18.5%
IV Rank4.6%0.0%13.0%5.8%3.1%
IV Percentile4.1%0.0%18.3%3.6%2.4%
Term Structure0.4%-0.3%1.3%0.3%0.7%
VWIV20.9%18.3%23.1%22.1%18.7%
Skew 25d2.3%2.0%2.8%2.2%2.2%
Skew 10d4.9%4.0%6.6%5.3%4.7%
Call IV 25d15.1%13.9%17.1%15.5%13.9%
Put IV 25d17.4%16.1%19.6%17.7%16.1%
Bid-Ask Spread %7.735.5419.637.897.38
Gamma HHI0.120.100.190.100.19
Net GEX4.3M-22.1M57.0M11.3M57.0M
Net DEX60.3M-348.3M447.3M-187.0M-293.3M
Net VEX-10.0M-10.8M-9.4M-10.8M-10.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.181.730.360.87
Total Volume44,254.38123,52986,16137,95935,116
Total OI1,213,3011,153,0021,253,8581,203,9081,244,823

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-05-01$55.72$52.5016.6%6.3%20.3%5.8%22.1%2.2%0.3%11.3M-187.0M-10.8M0.367.89N/AN/A27,87310,086639,822564,086
2014-05-02$55.58$52.5016.1%6.2%20.2%3.2%23.0%2.4%0.3%-1.6M-138.8M-10.7M0.9510.21N/AN/A26,57725,262637,388565,830
2014-05-05$54.22$52.5017.8%6.2%21.2%13.0%22.5%2.8%0.0%-17.7M262.9M-10.2M0.606.81N/AN/A53,95332,208626,387567,609
2014-05-06$53.34$52.5017.8%6.4%21.4%13.0%23.0%2.3%-0.0%-22.1M447.3M-10.1M0.607.35N/AN/A41,63924,864638,455576,627
2014-05-07$54.05$52.5017.6%6.2%22.3%11.6%23.1%2.2%0.1%-11.2M225.5M-10.2M1.117.57N/AN/A18,02219,945646,409580,199
2014-05-08$54.36$52.5016.9%6.2%22.2%7.8%22.8%2.2%0.1%-6.3M158.5M-10.3M1.338.34N/AN/A17,16822,789649,363586,196
2014-05-09$54.01$52.5016.8%6.2%19.7%7.0%22.3%2.2%0.3%-17.7M280.6M-10.0M0.817.19N/AN/A19,47815,714650,576587,780
2014-05-12$54.65$52.5016.2%6.1%15.7%3.7%20.6%2.2%-0.3%-3.2M39.5M-10.1M0.536.21N/AN/A23,34712,313635,742576,482
2014-05-13$54.62$52.5015.8%6.0%15.6%1.5%21.4%2.0%-0.0%-511.5K67.3M-10.1M0.336.43N/AN/A21,8857,220645,485577,304
2014-05-14$54.36$52.5015.5%6.0%15.6%0.0%22.5%2.1%-0.2%2.5M107.6M-10.1M1.736.61N/AN/A10,02117,320659,279579,154
2014-05-15$53.51$52.5016.7%6.2%16.2%7.0%20.3%2.2%0.8%-13.6M364.2M-9.5M0.745.54N/AN/A30,75022,780653,747580,626
2014-05-16$53.31$52.5016.3%6.1%16.2%4.9%20.8%2.2%0.7%-12.5M411.9M-9.4M0.726.22N/AN/A23,87217,075663,267590,591
2014-05-19$53.83$0.0014.5%5.4%16.7%0.0%20.5%2.5%1.0%-7.6M193.1M-9.7M0.9219.63N/AN/A28,14125,923604,373548,629
2014-05-20$53.72$57.5015.8%5.5%15.7%7.2%19.3%2.5%-0.3%-5.3M204.1M-9.7M0.186.69N/AN/A44,9598,115613,283557,567
2014-05-21$54.12$60.0014.5%5.3%15.9%0.0%18.5%2.1%1.3%4.2M87.8M-9.9M0.568.42N/AN/A30,95917,451623,239559,736
2014-05-22$54.55$60.0014.4%5.3%16.2%0.0%19.8%2.1%0.9%13.3M-61.2M-9.8M0.736.03N/AN/A13,6329,897633,099568,746
2014-05-23$54.53$60.0014.4%5.3%15.9%0.0%21.6%2.3%0.5%30.0M-59.2M-9.8M0.947.10N/AN/A20,12918,847636,338569,393
2014-05-27$55.14$60.0014.9%5.3%16.5%3.0%18.5%2.3%0.6%23.5M-212.9M-9.9M1.226.38N/AN/A24,65330,151625,946566,396
2014-05-28$55.45$60.0014.8%5.4%16.1%2.1%19.2%2.3%0.6%29.4M-283.4M-9.9M0.886.56N/AN/A24,12721,209630,734582,983
2014-05-29$55.72$60.0015.0%5.3%16.2%3.3%18.3%2.3%1.0%37.6M-348.3M-10.2M0.967.71N/AN/A17,26516,607640,355595,277
2014-05-30$55.57$57.5014.9%5.4%16.1%3.1%18.7%2.2%0.7%57.0M-293.3M-10.3M0.877.38N/AN/A18,74816,368643,325601,498