JPM Options History — October 2014

In October 2014, JPM traded between $55.08 and $60.51. ATM implied volatility averaged 20.1%, placing in the 48.7% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 2.2% (HV 20d: 22.3%). Max pain ranged from $55.00 to $57.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 1.05.

Notable Days

  • 2014-10-01: Highest Volume — 168,899 contracts
  • 2014-10-15: Largest IV spike — 21.7% change
  • 2014-10-13: Highest IV Rank — 100.0%
  • 2014-10-15: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.52$55.08$60.51$59.77$60.51
Max Pain$57.27$55.00$57.50$57.50$57.50
ATM IV20.1%15.2%28.4%19.5%15.2%
Expected Move5.9%5.3%7.2%5.6%5.3%
HV 20d22.3%14.0%26.6%14.0%25.1%
HV 60d17.0%14.9%18.6%14.9%18.3%
IV Rank48.7%17.6%100.0%39.7%17.7%
IV Percentile66.6%15.1%100.0%74.2%15.5%
Term Structure-0.4%-3.4%0.5%-0.1%0.1%
VWIV21.6%18.1%25.0%19.7%18.9%
Skew 25d4.2%2.9%6.7%2.9%3.7%
Skew 10d8.7%5.1%14.1%5.1%8.2%
Call IV 25d18.6%13.7%26.5%19.1%13.9%
Put IV 25d22.9%17.1%33.2%22.0%17.5%
Bid-Ask Spread %12.615.8119.849.4210.79
Gamma HHI0.180.120.220.160.16
Net GEX57.8M4.6M94.6M57.8M94.6M
Net DEX-714.3M-1.46B461.4M-1.05B-1.46B
Net VEX-12.0M-12.9M-11.3M-12.6M-11.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.263.460.260.72
Total Volume63,267.91315,027168,899168,89968,122
Total OI1,402,723.9571,321,7701,486,3591,396,6091,431,672

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-10-01$59.77$57.5019.5%5.6%14.0%39.7%19.7%2.9%-0.1%57.8M-1.05B-12.6M0.269.42N/AN/A134,52834,371780,456616,153
2014-10-02$58.84$57.5020.5%5.6%15.1%45.2%21.1%2.9%-1.0%47.9M-705.5M-12.5M0.869.21N/AN/A38,26332,903786,640629,691
2014-10-03$60.30$57.5018.7%5.5%17.5%35.1%19.2%4.3%-0.5%87.0M-1.29B-12.7M0.5111.06N/AN/A42,32721,687788,581641,461
2014-10-06$60.18$57.5019.2%5.5%17.6%37.8%18.7%3.6%-0.6%89.7M-1.35B-12.5M0.6710.61N/AN/A11,6837,786779,530614,946
2014-10-07$59.27$57.5020.5%5.7%17.7%45.6%21.3%3.1%-0.1%70.9M-964.7M-12.5M1.3510.48N/AN/A11,50915,512781,253617,806
2014-10-08$60.33$57.5019.1%5.7%18.8%37.6%20.2%4.9%0.1%92.9M-1.40B-12.6M0.8612.87N/AN/A23,34720,011785,215623,569
2014-10-09$59.08$57.5022.6%6.0%20.0%57.2%21.9%4.2%-0.7%63.8M-895.9M-12.9M1.1411.09N/AN/A15,13017,201790,697627,300
2014-10-10$59.22$57.5023.0%6.0%20.0%84.4%22.4%4.8%-0.9%62.9M-917.6M-12.9M0.8814.95N/AN/A26,91323,562790,688633,532
2014-10-13$58.16$57.5025.4%6.4%20.9%100.0%23.8%3.8%-0.0%49.6M-596.6M-12.5M1.3117.59N/AN/A40,88053,399782,947624,135
2014-10-14$57.77$57.5023.3%6.4%21.0%83.9%23.5%6.0%-1.0%37.8M-357.9M-12.4M0.8518.06N/AN/A27,10223,129798,675638,426
2014-10-15$55.63$57.5028.4%7.2%24.3%100.0%25.0%6.7%-3.4%8.1M338.9M-11.6M0.8716.51N/AN/A82,12571,305799,486646,770
2014-10-16$55.08$57.5026.9%6.9%23.1%90.8%23.7%6.7%-1.0%4.6M461.4M-11.4M0.4312.93N/AN/A78,09933,660795,609656,342
2014-10-17$56.20$57.5023.9%6.7%24.8%72.1%23.3%5.7%-0.4%27.0M126.5M-11.7M1.1512.69N/AN/A28,91733,269822,996663,363
2014-10-20$56.63$0.0020.8%6.1%25.2%52.6%23.5%4.1%0.5%28.5M-165.3M-11.4M1.096.76N/AN/A17,81019,484723,671598,099
2014-10-21$57.84$55.0018.0%5.9%26.6%35.1%24.0%3.8%-0.3%47.4M-498.9M-11.7M1.195.81N/AN/A20,42924,278732,050607,809
2014-10-22$57.49$55.0018.9%6.0%26.2%41.0%22.4%4.1%-0.8%44.4M-430.4M-11.6M1.5111.91N/AN/A24,22736,504740,465615,250
2014-10-23$57.94$57.5017.6%5.9%25.2%32.4%19.2%4.0%0.1%53.9M-566.9M-11.7M1.5819.84N/AN/A21,88034,644747,530630,027
2014-10-24$58.70$57.5016.9%5.9%25.6%28.3%21.1%3.6%0.4%64.4M-824.7M-11.9M0.9818.98N/AN/A29,81829,196752,744640,463
2014-10-27$58.64$57.5016.9%5.9%25.6%28.1%24.1%3.8%0.3%63.4M-779.6M-11.8M0.6911.80N/AN/A8,8956,132747,865625,893
2014-10-28$59.63$57.5015.2%5.3%26.4%17.6%18.3%3.5%0.2%82.7M-1.14B-11.5M0.6310.65N/AN/A20,11212,768750,808628,684
2014-10-29$59.29$57.5015.3%5.3%26.3%17.9%18.1%4.0%0.5%69.4M-916.2M-11.5M1.1412.00N/AN/A24,13627,574747,357630,658
2014-10-30$59.35$57.5015.5%5.3%25.7%19.2%22.7%3.5%0.4%79.8M-1.04B-11.3M3.4614.00N/AN/A18,07162,464757,309638,030
2014-10-31$60.51$57.5015.2%5.3%25.1%17.7%18.9%3.7%0.1%94.6M-1.46B-11.5M0.7210.79N/AN/A39,71928,403759,108672,564