JPM Options History — April 2015

In April 2015, JPM traded between $59.95 and $64.09. ATM implied volatility averaged 16.9%, placing in the 28.2% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded below realized volatility by 0.2% (HV 20d: 17.1%). Max pain ranged from $60.00 to $60.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.83.

Notable Days

  • 2015-04-14: Highest Volume — 142,846 contracts
  • 2015-04-17: Largest IV spike — 14.6% change
  • 2015-04-01: Highest IV Rank — 46.8%
  • 2015-04-01: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$62.29$59.95$64.09$59.95$63.20
Max Pain$60.00$60.00$60.00$60.00$60.00
ATM IV16.9%14.8%19.9%19.9%16.0%
Expected Move4.9%4.2%6.1%6.1%4.7%
HV 20d17.1%14.7%20.6%20.1%14.7%
HV 60d20.1%17.2%23.1%23.1%17.2%
IV Rank28.2%15.4%46.8%46.8%22.8%
IV Percentile43.8%16.7%79.0%79.0%36.5%
Term Structure0.0%-1.1%0.9%-0.4%0.2%
VWIV17.1%15.0%21.5%21.5%16.4%
Skew 25d3.3%2.6%4.3%3.6%2.8%
Skew 10d7.0%4.0%8.8%4.0%5.1%
Call IV 25d15.8%13.9%18.9%18.9%14.9%
Put IV 25d19.1%16.7%22.5%22.5%17.7%
Bid-Ask Spread %8.766.4311.978.289.74
Gamma HHI0.140.120.180.130.12
Net GEX77.6M39.2M113.6M39.2M90.7M
Net DEX-1.29B-2.14B-533.6M-533.6M-1.49B
Net VEX-12.0M-12.6M-11.2M-12.0M-12.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.541.250.550.91
Total Volume69,369.33326,779142,84656,01760,654
Total OI1,174,461.6671,090,9111,310,0711,129,7471,186,048

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-04-01$59.95$60.0019.9%6.1%20.1%46.8%21.5%3.6%-0.4%39.2M-533.6M-12.0M0.558.28N/AN/A36,17319,844594,371535,376
2015-04-02$60.63$60.0019.4%5.7%20.6%43.6%19.7%3.8%-0.3%75.6M-800.6M-12.2M0.867.74N/AN/A38,70733,107603,045543,354
2015-04-06$60.54$60.0019.3%5.7%19.5%43.2%19.6%3.7%0.6%55.5M-744.7M-12.1M1.0010.07N/AN/A36,51736,495595,250542,054
2015-04-07$60.89$60.0019.0%5.6%19.2%41.1%18.7%4.1%0.9%66.4M-931.3M-11.9M0.957.27N/AN/A34,32032,518610,697549,625
2015-04-08$61.05$60.0018.9%5.6%16.8%40.6%19.5%3.6%0.6%70.1M-957.9M-12.1M1.257.41N/AN/A11,90614,873616,808557,479
2015-04-09$61.48$60.0018.4%5.1%16.9%37.6%18.1%2.6%-1.1%73.3M-1.10B-12.2M1.0910.55N/AN/A32,83935,657621,612566,041
2015-04-10$61.70$60.0018.3%5.1%15.6%36.6%17.8%2.9%-1.1%82.0M-1.22B-12.2M0.658.03N/AN/A36,19123,412632,420576,234
2015-04-13$62.09$60.0018.4%5.2%15.6%37.5%19.8%4.3%-0.1%85.1M-1.37B-11.6M0.937.25N/AN/A57,29853,447626,129563,438
2015-04-14$63.02$60.0016.9%4.9%15.7%28.4%16.5%3.5%-0.6%113.6M-1.80B-11.4M0.658.07N/AN/A86,37856,468645,794585,388
2015-04-15$64.09$60.0015.0%4.3%16.5%16.2%15.9%3.2%0.5%109.9M-2.14B-11.2M0.627.64N/AN/A79,55449,587658,068600,437
2015-04-16$64.00$60.0014.8%4.2%16.6%15.4%16.0%3.3%0.7%98.0M-2.11B-11.5M1.1210.33N/AN/A31,59835,541682,098615,964
2015-04-17$62.82$60.0017.0%4.9%17.7%29.0%17.0%3.7%-0.5%65.0M-1.62B-12.0M0.918.98N/AN/A55,96250,722684,340625,731
2015-04-20$63.25$60.0015.7%4.5%17.6%20.8%15.3%3.1%0.0%72.1M-1.38B-12.0M0.678.02N/AN/A29,25419,685588,911502,000
2015-04-21$62.35$60.0015.9%4.6%18.1%22.2%15.9%3.7%0.0%65.6M-1.10B-12.0M0.879.40N/AN/A26,50123,069597,114510,301
2015-04-22$62.93$60.0015.6%4.4%17.7%19.8%15.6%3.2%-0.0%74.8M-1.30B-12.3M0.548.68N/AN/A32,36617,476605,456515,817
2015-04-23$62.85$60.0015.4%4.4%16.7%18.9%15.2%3.5%-0.0%77.1M-1.28B-12.1M0.678.88N/AN/A25,74917,289613,832519,167
2015-04-24$62.61$60.0015.1%4.3%16.8%17.0%15.0%2.9%-0.1%72.6M-1.21B-12.3M0.756.43N/AN/A35,95826,799622,509522,931
2015-04-27$62.38$60.0015.5%4.4%16.9%19.3%15.2%3.3%-0.0%72.0M-1.14B-12.3M0.838.31N/AN/A26,14621,629615,284516,306
2015-04-28$62.67$60.0015.4%4.4%14.8%19.1%15.1%2.8%0.6%79.7M-1.24B-12.4M0.9410.88N/AN/A29,12027,297624,153522,178
2015-04-29$63.59$60.0015.1%4.4%15.3%17.2%15.2%2.7%0.3%90.7M-1.59B-12.5M0.6911.97N/AN/A34,76923,881638,917531,018
2015-04-30$63.20$60.0016.0%4.7%14.7%22.8%16.4%2.8%0.2%90.7M-1.49B-12.6M0.919.74N/AN/A31,83928,815645,585540,463