JPM Options History — June 2014

In June 2014, JPM traded between $55.35 and $58.19. ATM implied volatility averaged 15.7%, placing in the 8.4% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 3.8% (HV 20d: 11.9%). Max pain ranged from $55.00 to $57.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.73.

Notable Days

  • 2014-06-30: Highest Volume — 240,295 contracts
  • 2014-06-16: Largest IV spike — 4.9% change
  • 2014-06-17: Highest IV Rank — 14.5%
  • 2014-06-03: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$57.12$55.35$58.19$55.35$57.62
Max Pain$55.48$55.00$57.50$55.00$57.50
ATM IV15.7%14.5%16.7%15.4%15.7%
Expected Move5.3%5.1%5.4%5.4%5.1%
HV 20d11.9%10.3%16.2%16.2%12.0%
HV 60d17.4%16.5%18.3%18.3%16.7%
IV Rank8.4%1.0%14.5%5.7%8.3%
IV Percentile7.8%1.2%13.9%3.2%8.3%
Term Structure0.2%-0.7%1.5%0.1%-0.5%
VWIV18.7%17.6%19.9%19.9%17.9%
Skew 25d2.8%2.1%3.7%2.8%2.2%
Skew 10d5.7%3.9%7.5%5.5%4.1%
Call IV 25d14.7%13.6%16.2%14.3%15.1%
Put IV 25d17.5%15.7%19.6%17.0%17.3%
Bid-Ask Spread %9.526.4920.497.4912.44
Gamma HHI0.140.110.300.120.14
Net GEX53.3M13.7M99.6M13.7M62.6M
Net DEX-717.9M-1.03B-179.5M-179.5M-798.4M
Net VEX-10.4M-10.9M-10.0M-10.0M-10.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.091.430.760.09
Total Volume55,835.23820,406240,29533,640240,295
Total OI1,249,619.3811,102,7471,344,9241,221,9531,139,809

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-06-02$55.35$55.0015.4%5.4%16.2%5.7%19.9%2.8%0.1%13.7M-179.5M-10.0M0.767.49N/AN/A19,16514,475623,659598,294
2014-06-03$55.60$55.0015.6%5.4%13.4%6.8%19.8%2.5%-0.1%24.0M-274.4M-10.3M1.107.54N/AN/A10,11211,098634,001601,806
2014-06-04$55.68$55.0015.6%5.4%11.6%6.8%19.9%2.8%-0.3%28.6M-323.8M-10.3M1.167.47N/AN/A9,44410,962638,784606,298
2014-06-05$56.63$55.0015.7%5.2%12.2%7.2%18.2%2.7%-0.1%45.4M-623.2M-10.5M0.596.54N/AN/A36,12621,388641,120611,689
2014-06-06$56.97$55.0015.0%5.3%12.2%4.0%18.4%2.3%-0.2%99.6M-758.5M-10.5M0.356.53N/AN/A57,37319,962650,627615,178
2014-06-09$57.42$55.0014.8%5.3%11.9%2.6%18.3%2.2%1.2%56.1M-872.7M-10.8M0.447.26N/AN/A48,43921,385657,603615,715
2014-06-10$57.90$55.0014.5%5.3%11.6%1.0%18.8%2.1%1.5%60.4M-1.03B-10.8M1.437.94N/AN/A14,01420,056667,054623,869
2014-06-11$57.27$55.0014.7%5.3%12.5%2.0%18.4%2.5%1.3%49.7M-780.0M-10.9M1.408.23N/AN/A19,83827,778666,143631,025
2014-06-12$57.04$55.0015.1%5.3%12.5%4.3%19.2%2.9%1.3%44.8M-746.7M-10.2M0.796.49N/AN/A17,89014,058673,457642,761
2014-06-13$57.04$55.0015.7%5.3%10.6%8.2%19.8%2.6%1.3%36.4M-702.6M-10.8M0.618.43N/AN/A29,37018,054677,233646,825
2014-06-16$56.87$55.0016.4%5.4%10.5%13.0%19.3%3.4%0.4%43.5M-626.0M-10.2M0.5720.49N/AN/A18,44510,602679,380641,373
2014-06-17$57.42$55.0016.7%5.3%10.5%14.5%18.3%2.8%-0.2%55.0M-799.2M-10.8M0.509.90N/AN/A33,32216,529683,124644,848
2014-06-18$57.78$55.0016.5%5.3%10.3%13.6%19.3%3.1%-0.7%68.0M-958.7M-10.8M0.4110.05N/AN/A36,54415,022689,044650,318
2014-06-19$57.30$55.0016.6%5.3%11.1%14.0%19.2%3.0%0.1%55.3M-764.1M-10.6M0.6311.17N/AN/A19,24012,125695,560648,420
2014-06-20$57.55$55.0016.0%5.2%10.9%10.0%18.7%3.0%0.6%93.3M-878.8M-10.3M0.8011.94N/AN/A38,35830,587696,795648,129
2014-06-23$58.19$55.0015.8%5.1%11.2%9.3%17.6%2.6%-0.1%58.5M-977.4M-10.0M0.4911.64N/AN/A49,89924,667598,875503,872
2014-06-24$57.42$55.0016.2%5.1%12.3%11.2%18.6%2.8%-0.5%50.9M-738.8M-10.2M0.989.18N/AN/A21,82021,468613,484513,577
2014-06-25$57.53$57.5016.3%5.1%12.2%12.3%17.9%3.2%-0.7%55.9M-770.8M-10.2M0.549.72N/AN/A35,56319,222619,491517,906
2014-06-26$57.39$57.5016.3%5.1%12.2%11.8%17.6%3.7%0.1%56.5M-722.5M-10.2M1.139.84N/AN/A25,46328,766631,506525,142
2014-06-27$57.53$57.5016.0%5.1%12.1%10.4%18.5%3.3%-0.1%61.6M-748.7M-10.2M0.639.67N/AN/A20,59413,022639,014539,199
2014-06-30$57.62$57.5015.7%5.1%12.0%8.3%17.9%2.2%-0.5%62.6M-798.4M-10.1M0.0912.44N/AN/A219,69920,596621,757518,052