JPM Options History — December 2014

In December 2014, JPM traded between $58.57 and $63.15. ATM implied volatility averaged 18.5%, placing in the 38.4% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 0.3% (HV 20d: 18.3%). Max pain ranged from $60.00 to $60.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.76.

Notable Days

  • 2014-12-31: Highest Volume — 403,205 contracts
  • 2014-12-10: Largest IV spike — 18.0% change
  • 2014-12-16: Highest IV Rank — 83.6%
  • 2014-12-16: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$61.48$58.57$63.15$60.00$62.58
Max Pain$60.00$60.00$60.00$60.00$60.00
ATM IV18.5%14.6%25.8%15.1%20.1%
Expected Move5.4%4.7%7.0%5.0%5.6%
HV 20d18.3%11.6%22.6%11.6%21.7%
HV 60d20.1%18.6%21.5%18.6%20.3%
IV Rank38.4%13.9%83.6%16.8%48.0%
IV Percentile59.5%13.5%99.2%18.7%84.5%
Term Structure0.7%-2.6%4.8%0.4%-0.2%
VWIV19.8%16.0%24.0%18.2%20.9%
Skew 25d4.3%2.2%7.0%3.4%5.0%
Skew 10d9.6%4.4%18.6%5.0%10.1%
Call IV 25d17.1%13.2%23.5%13.6%18.3%
Put IV 25d21.4%15.7%29.6%17.0%23.3%
Bid-Ask Spread %12.9510.2117.6911.3310.39
Gamma HHI0.200.180.230.230.20
Net GEX99.0M49.4M123.9M79.1M112.8M
Net DEX-1.52B-2.11B-430.1M-1.01B-1.89B
Net VEX-10.5M-11.1M-9.7M-9.9M-10.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.121.530.450.12
Total Volume77,567.40929,328403,20562,873403,205
Total OI1,415,404.8181,334,4251,489,4471,343,1781,384,735

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-12-01$60.00$60.0015.1%5.0%11.6%16.8%18.2%3.4%0.4%79.1M-1.01B-9.9M0.4511.33N/AN/A43,28419,589730,502612,676
2014-12-02$61.00$60.0015.1%5.1%12.9%16.7%18.3%3.2%0.5%103.2M-1.46B-10.4M0.6513.19N/AN/A37,48224,343753,097622,269
2014-12-03$61.51$60.0014.6%4.7%12.8%13.9%18.2%2.5%0.6%108.0M-1.62B-10.4M1.0413.37N/AN/A26,27527,349767,203630,632
2014-12-04$61.38$60.0015.5%4.7%11.9%19.7%18.9%3.1%-0.2%102.3M-1.51B-10.5M0.4212.88N/AN/A20,6638,665772,725638,097
2014-12-05$62.69$60.0014.8%4.8%14.0%14.9%16.0%2.4%0.1%117.8M-2.11B-10.7M0.4411.34N/AN/A89,65139,674779,517641,772
2014-12-08$62.72$60.0016.2%5.2%14.0%23.7%19.9%3.0%2.6%110.0M-2.01B-10.7M0.4810.87N/AN/A61,81829,921775,037640,272
2014-12-09$62.53$60.0016.5%5.3%13.8%25.6%21.4%3.2%2.3%111.1M-1.92B-11.1M1.2014.72N/AN/A22,87727,482799,460650,480
2014-12-10$60.65$60.0019.4%5.9%17.4%44.1%20.8%3.9%3.3%78.2M-1.10B-11.0M1.1012.50N/AN/A35,82339,483792,009654,282
2014-12-11$61.16$60.0019.0%6.0%16.9%41.2%21.3%4.2%4.8%91.9M-1.45B-11.1M1.2713.81N/AN/A21,93127,758802,945666,092
2014-12-12$60.08$60.0021.5%6.4%18.1%56.7%23.2%2.2%3.3%68.0M-964.7M-11.1M1.2915.11N/AN/A34,93244,987802,354662,066
2014-12-15$59.27$60.0023.3%6.5%18.7%68.2%24.0%7.0%0.7%53.6M-581.4M-11.1M0.6112.38N/AN/A45,07327,399795,070667,867
2014-12-16$58.57$60.0025.8%7.0%19.1%83.6%22.2%5.8%-2.6%49.4M-430.1M-10.9M0.7613.20N/AN/A41,28131,456804,395671,652
2014-12-17$59.71$60.0023.2%6.3%20.4%67.7%22.4%6.1%-1.3%73.0M-879.0M-11.0M0.8116.31N/AN/A38,52431,271804,652673,911
2014-12-18$61.26$60.0019.8%5.5%22.4%46.5%20.9%5.6%1.1%108.3M-1.45B-10.6M0.6915.10N/AN/A36,18824,796807,391673,676
2014-12-19$61.93$60.0018.9%5.3%22.5%40.5%19.2%6.0%0.2%106.8M-1.74B-10.6M0.3417.69N/AN/A49,72717,113812,000677,447
2014-12-22$61.79$60.0018.7%5.0%22.5%39.4%18.6%5.3%0.1%103.2M-1.52B-10.2M0.9514.24N/AN/A21,09520,086731,454602,971
2014-12-23$62.52$60.0018.1%5.1%22.6%36.0%17.7%5.3%0.5%114.7M-1.84B-10.1M0.8112.78N/AN/A25,65620,675738,727609,603
2014-12-24$62.48$60.0018.6%5.0%22.1%38.8%18.4%3.4%-1.2%120.4M-1.91B-9.7M1.5311.51N/AN/A18,48928,376757,750613,256
2014-12-26$62.65$60.0017.9%5.0%22.1%34.2%17.1%3.8%-0.0%123.9M-1.95B-10.0M0.6810.90N/AN/A28,11819,107765,111622,628
2014-12-29$63.03$60.0017.9%5.1%22.1%34.6%17.9%4.7%0.5%119.2M-2.06B-9.8M0.7610.21N/AN/A25,80919,709754,436605,078
2014-12-30$63.15$60.0017.9%5.1%22.0%34.5%19.2%5.2%-0.1%122.6M-2.11B-9.7M0.2511.03N/AN/A39,3719,972759,298612,311
2014-12-31$62.58$60.0020.1%5.6%21.7%48.0%20.9%5.0%-0.2%112.8M-1.89B-10.1M0.1210.39N/AN/A359,21543,990768,687616,048