JPM Options History — July 2014

In July 2014, JPM traded between $55.56 and $59.19. ATM implied volatility averaged 15.4%, placing in the 9.0% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 0.2% (HV 20d: 15.2%). Max pain ranged from $57.50 to $57.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.71.

Notable Days

  • 2014-07-15: Highest Volume — 203,920 contracts
  • 2014-07-31: Largest IV spike — 21.1% change
  • 2014-07-10: Highest IV Rank — 26.2%
  • 2014-07-31: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$57.69$55.56$59.19$57.57$57.67
Max Pain$57.50$57.50$57.50$57.50$57.50
ATM IV15.4%13.5%18.6%16.1%17.6%
Expected Move5.1%4.8%5.6%5.1%5.6%
HV 20d15.2%11.3%18.8%12.0%18.8%
HV 60d15.0%13.3%16.5%16.5%14.5%
IV Rank9.0%0.0%26.2%10.7%24.5%
IV Percentile12.4%0.0%48.0%11.1%32.5%
Term Structure-0.0%-1.2%0.8%0.1%0.0%
VWIV18.3%16.5%21.1%18.1%21.1%
Skew 25d2.4%1.6%2.8%2.2%2.7%
Skew 10d5.0%4.0%7.2%5.9%5.5%
Call IV 25d14.6%12.7%17.8%15.5%16.7%
Put IV 25d17.0%14.7%20.4%17.7%19.4%
Bid-Ask Spread %10.108.1113.179.3710.58
Gamma HHI0.140.110.190.130.12
Net GEX54.8M11.8M91.7M54.7M45.4M
Net DEX-730.1M-1.25B-53.1M-609.1M-611.8M
Net VEX-10.6M-11.4M-9.7M-10.2M-11.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.431.360.580.98
Total Volume61,252.81832,274203,92063,74679,924
Total OI1,206,441.3181,134,1421,309,7061,134,1421,241,492

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-07-01$57.57$57.5016.1%5.1%12.0%10.7%18.1%2.2%0.1%54.7M-609.1M-10.2M0.589.37N/AN/A40,34723,399597,994536,148
2014-07-02$56.97$57.5016.1%5.0%12.7%10.8%19.3%2.6%0.2%25.6M-412.1M-10.3M0.518.85N/AN/A37,29518,842616,140539,378
2014-07-03$57.05$57.5016.5%5.0%11.3%13.3%18.2%1.6%0.8%41.0M-478.1M-10.4M0.679.79N/AN/A23,10615,421632,884547,367
2014-07-07$56.67$57.5017.0%5.1%11.3%16.3%18.5%2.6%-1.2%31.0M-348.4M-10.2M0.538.63N/AN/A23,51512,535607,257539,112
2014-07-08$55.76$57.5018.1%5.4%12.2%23.3%19.4%2.0%0.3%14.5M-123.4M-9.7M0.6211.20N/AN/A35,36921,759615,684541,136
2014-07-09$56.02$57.5018.2%5.3%11.9%24.1%19.0%2.7%0.0%21.6M-191.0M-10.2M0.679.64N/AN/A19,34613,020629,430545,113
2014-07-10$55.56$57.5018.6%5.3%11.7%26.2%19.1%2.6%-0.5%11.8M-53.1M-10.1M0.529.63N/AN/A25,47613,228635,797548,310
2014-07-11$55.80$57.5017.4%5.3%11.8%18.9%19.1%2.8%-0.1%20.6M-68.6M-10.1M0.7812.08N/AN/A27,97021,850643,838553,579
2014-07-14$56.29$57.5015.7%5.0%12.3%8.2%17.9%2.6%0.5%37.4M-296.1M-9.9M0.7212.27N/AN/A49,13635,446633,279546,243
2014-07-15$58.27$57.5014.0%4.8%17.5%0.0%16.5%2.7%-0.6%91.7M-1.06B-10.2M0.4310.21N/AN/A142,27661,644649,940557,191
2014-07-16$58.71$57.5014.1%4.8%17.4%0.7%17.3%2.2%-0.2%84.7M-1.17B-10.5M0.678.11N/AN/A68,81346,196672,610573,996
2014-07-17$57.86$57.5015.2%5.1%18.1%7.5%16.6%2.6%-0.3%64.9M-826.2M-10.5M0.6213.17N/AN/A60,13637,534694,854583,231
2014-07-18$58.23$57.5014.0%5.0%18.0%0.0%17.1%2.6%0.0%72.0M-1.05B-10.9M0.9710.53N/AN/A29,37428,543717,384592,322
2014-07-21$58.24$57.5014.0%5.0%17.9%0.0%18.7%2.2%0.1%68.0M-894.8M-10.8M1.099.36N/AN/A21,99523,916648,505534,372
2014-07-22$58.67$57.5013.6%5.0%17.7%0.0%16.6%2.5%0.0%71.0M-1.08B-10.8M0.5611.77N/AN/A25,26814,204651,810541,775
2014-07-23$59.00$57.5013.6%4.8%17.0%0.0%16.6%2.0%0.3%77.5M-1.19B-10.9M1.368.83N/AN/A24,47833,373663,515550,886
2014-07-24$59.17$57.5013.5%4.8%17.0%0.0%17.5%2.0%0.3%80.4M-1.25B-11.1M0.559.36N/AN/A22,10912,193670,335564,892
2014-07-25$59.01$57.5013.6%4.9%17.0%0.2%17.8%2.2%0.0%71.9M-1.19B-11.1M0.978.19N/AN/A20,89620,293677,044568,468
2014-07-28$59.19$57.5014.2%4.9%17.0%4.0%20.6%2.4%-0.4%75.5M-1.13B-11.0M0.728.66N/AN/A22,53416,220657,281559,948
2014-07-29$58.64$57.5014.2%5.2%17.4%3.9%18.5%2.1%0.7%70.7M-975.4M-10.8M0.579.17N/AN/A20,55811,716661,879566,387
2014-07-30$58.91$57.5014.6%5.0%17.5%6.2%19.3%2.8%-0.7%73.0M-1.06B-11.2M0.4312.79N/AN/A32,27114,038663,919568,984
2014-07-31$57.67$57.5017.6%5.6%18.8%24.5%21.1%2.7%0.0%45.4M-611.8M-11.4M0.9810.58N/AN/A40,35639,568669,407572,085