JPM Options History — November 2014

In November 2014, JPM traded between $60.09 and $61.89. ATM implied volatility averaged 14.7%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded below realized volatility by 3.2% (HV 20d: 18.0%). Max pain ranged from $57.50 to $60.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.92.

Notable Days

  • 2014-11-04: Highest Volume — 70,501 contracts
  • 2014-11-28: Largest IV spike — 11.9% change
  • 2014-11-05: Highest IV Rank — 23.2%
  • 2014-11-05: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.67$60.09$61.89$60.82$60.16
Max Pain$59.74$57.50$60.00$57.50$60.00
ATM IV14.7%12.8%16.1%15.7%14.4%
Expected Move5.1%4.8%5.5%5.4%4.9%
HV 20d18.0%13.4%25.2%25.2%13.5%
HV 60d18.5%18.2%18.8%18.2%18.6%
IV Rank14.8%2.8%23.2%20.5%12.4%
IV Percentile13.5%0.4%26.2%21.4%9.5%
Term Structure0.2%-0.6%1.5%-0.1%0.3%
VWIV18.0%15.8%22.6%21.4%17.1%
Skew 25d3.2%2.4%4.0%3.2%2.7%
Skew 10d7.0%5.5%9.9%7.3%5.6%
Call IV 25d13.7%12.2%14.9%14.8%13.1%
Put IV 25d16.9%14.5%18.9%18.1%15.8%
Bid-Ask Spread %12.638.8918.0013.3112.41
Gamma HHI0.210.160.260.180.24
Net GEX92.1M78.2M102.5M88.1M83.8M
Net DEX-1.38B-1.88B-1.07B-1.46B-1.12B
Net VEX-10.6M-11.7M-9.5M-11.6M-9.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.291.601.110.76
Total Volume45,991.57915,76570,50164,04420,059
Total OI1,421,978.5791,318,2311,466,5881,420,6251,360,337

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-11-03$60.82$57.5015.7%5.4%25.2%20.5%21.4%3.2%-0.1%88.1M-1.46B-11.6M1.1113.31N/AN/A30,28833,756757,658662,967
2014-11-04$60.29$57.5016.1%5.4%24.7%22.9%18.6%4.0%0.8%78.2M-1.28B-11.4M1.508.89N/AN/A28,24742,254757,791671,299
2014-11-05$61.13$60.0016.1%5.5%24.4%23.2%22.6%3.5%0.4%99.1M-1.67B-11.4M0.9012.32N/AN/A24,89322,486761,375677,470
2014-11-06$61.19$60.0015.7%5.4%23.0%20.8%20.0%3.8%0.1%99.2M-1.63B-11.7M1.1612.08N/AN/A19,63722,763765,429679,772
2014-11-07$61.34$60.0015.2%5.0%23.0%17.7%18.8%3.3%0.3%96.9M-1.78B-11.2M0.9618.00N/AN/A24,28423,313771,940681,584
2014-11-10$61.89$60.0014.4%4.9%21.9%12.8%18.1%3.6%-0.5%102.5M-1.88B-11.0M0.7813.70N/AN/A28,26922,085760,993669,560
2014-11-11$61.33$60.0015.1%4.9%22.1%17.0%17.6%2.5%-0.5%96.6M-1.65B-10.9M0.7913.39N/AN/A22,04117,464758,243667,968
2014-11-12$60.48$60.0015.8%5.2%17.4%21.6%18.4%3.6%-0.0%88.0M-1.34B-10.7M0.8915.40N/AN/A25,79923,062767,312678,800
2014-11-13$60.27$60.0015.4%5.1%16.8%19.2%17.9%3.7%0.0%82.8M-1.18B-10.6M0.5713.44N/AN/A31,92218,313774,843682,099
2014-11-14$60.28$60.0014.7%5.1%15.8%14.5%16.2%2.9%0.7%86.2M-1.22B-10.6M0.9412.46N/AN/A13,28612,470780,971685,443
2014-11-17$60.34$60.0015.1%5.1%15.8%17.0%18.3%3.3%-0.6%93.4M-1.21B-10.2M1.299.67N/AN/A14,16418,312765,376658,286
2014-11-18$60.57$60.0014.7%5.0%14.3%14.6%17.4%3.2%0.1%101.8M-1.44B-10.2M0.6710.27N/AN/A36,97624,621768,574663,379
2014-11-19$60.60$60.0014.7%5.0%14.0%14.2%16.2%3.2%-0.3%98.4M-1.36B-10.3M1.6016.83N/AN/A7,94412,702784,101669,311
2014-11-20$60.09$60.0014.4%5.0%14.3%12.7%17.2%3.0%0.3%91.6M-1.19B-10.1M0.9214.29N/AN/A35,68432,765777,844665,867
2014-11-21$60.38$60.0013.7%4.9%13.8%8.0%16.4%3.1%-0.3%93.2M-1.32B-10.0M0.6513.22N/AN/A42,10927,313788,092678,496
2014-11-24$60.96$60.0012.9%4.9%14.0%3.0%15.8%2.4%0.7%96.5M-1.31B-9.7M0.2910.23N/AN/A42,86912,647715,684602,547
2014-11-25$60.28$60.0013.3%4.9%13.6%5.5%18.1%3.1%1.1%85.3M-1.07B-10.3M0.6110.27N/AN/A26,84916,429738,805608,447
2014-11-26$60.34$60.0012.8%4.8%13.4%2.8%16.6%2.6%1.5%88.3M-1.12B-9.7M1.009.85N/AN/A7,8827,883744,424614,506
2014-11-28$60.16$60.0014.4%4.9%13.5%12.4%17.1%2.7%0.3%83.8M-1.12B-9.5M0.7612.41N/AN/A11,4298,630742,408617,929