JPM Options History — July 2015

In July 2015, JPM traded between $65.43 and $70.04. ATM implied volatility averaged 17.3%, placing in the 30.8% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 0.4% (HV 20d: 16.9%). Max pain ranged from $65.00 to $67.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.74.

Notable Days

  • 2015-07-09: Highest Volume — 130,777 contracts
  • 2015-07-14: Largest IV drop — 14.1% change
  • 2015-07-08: Highest IV Rank — 64.3%
  • 2015-07-02: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$68.31$65.43$70.04$68.02$68.50
Max Pain$66.48$65.00$67.50$67.50$67.50
ATM IV17.3%13.9%22.7%19.3%16.1%
Expected Move4.9%3.9%6.5%6.2%4.6%
HV 20d16.9%14.8%18.3%15.9%16.7%
HV 60d14.8%14.4%15.3%14.4%14.7%
IV Rank30.8%9.7%64.3%43.4%23.2%
IV Percentile46.5%6.3%92.5%75.4%34.5%
Term Structure-0.2%-0.9%0.4%-0.7%0.4%
VWIV17.8%14.1%23.0%21.6%16.6%
Skew 25d3.3%2.6%4.3%3.4%3.3%
Skew 10d6.7%5.1%8.7%5.9%6.7%
Call IV 25d16.0%12.9%21.0%18.1%14.6%
Put IV 25d19.3%15.6%25.3%21.5%18.0%
Bid-Ask Spread %6.731.3611.627.027.29
Gamma HHI0.240.200.350.200.23
Net GEX139.1M79.7M242.7M128.2M141.7M
Net DEX-2.09B-2.94B-948.6M-1.97B-2.01B
Net VEX-13.0M-13.8M-12.3M-13.6M-13.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.241.320.240.86
Total Volume76,087.68236,892130,777117,24141,996
Total OI1,296,581.4551,202,1011,397,2201,279,3361,302,734

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-07-01$68.02$67.5019.3%6.2%15.9%43.4%21.6%3.4%-0.7%128.2M-1.97B-13.6M0.247.02N/AN/A94,89422,347739,025540,311
2015-07-02$67.55$67.5019.8%6.5%15.9%46.5%23.0%3.2%-0.5%79.7M-1.76B-13.7M0.279.62N/AN/A76,77720,476743,542545,976
2015-07-06$67.30$65.0020.2%5.6%14.8%49.0%20.2%3.6%-0.4%117.0M-1.67B-13.4M0.614.20N/AN/A29,12217,841732,419535,924
2015-07-07$66.81$65.0020.2%5.4%14.8%49.0%19.6%3.2%-0.5%111.6M-1.46B-13.5M0.729.50N/AN/A52,72738,183741,931540,142
2015-07-08$65.43$65.0022.7%6.3%16.5%64.3%22.0%4.3%-0.7%82.0M-948.6M-13.8M0.987.85N/AN/A36,32435,694757,348550,924
2015-07-09$66.33$65.0021.7%5.7%16.1%58.0%21.5%4.1%-0.7%104.6M-1.30B-13.7M0.242.75N/AN/A105,15625,621766,274560,121
2015-07-10$67.05$65.0019.6%5.4%16.6%44.9%18.8%3.5%-0.4%134.6M-1.64B-13.7M0.523.56N/AN/A45,40223,660778,325565,341
2015-07-13$68.10$65.0018.1%5.2%17.6%35.7%18.5%3.2%-0.1%154.1M-2.14B-12.8M0.901.55N/AN/A56,80150,950757,964557,790
2015-07-14$69.03$65.0015.5%4.2%18.2%19.7%16.3%3.3%-0.9%191.6M-2.58B-13.0M0.881.36N/AN/A43,35138,241780,949577,678
2015-07-15$69.10$65.0015.3%4.3%18.1%18.2%15.7%2.8%-0.6%186.9M-2.63B-12.5M0.292.38N/AN/A98,90628,305780,918584,668
2015-07-16$69.56$65.0013.9%4.0%18.1%9.7%15.7%2.7%0.0%242.7M-2.94B-12.3M0.634.54N/AN/A72,49845,827806,118589,280
2015-07-17$69.22$67.5014.0%3.9%17.9%10.2%15.3%2.6%-0.6%153.2M-2.66B-12.4M0.957.37N/AN/A38,81036,896803,817593,403
2015-07-20$69.21$67.5014.4%4.2%17.6%12.9%14.1%3.0%-0.0%147.2M-2.41B-12.3M0.8011.62N/AN/A36,89129,559698,018504,083
2015-07-21$69.10$67.5014.7%4.2%17.1%14.5%15.2%2.8%0.1%152.8M-2.35B-12.3M1.327.79N/AN/A21,03127,867706,788511,211
2015-07-22$70.04$67.5015.0%4.3%17.4%16.1%15.0%2.7%0.0%160.8M-2.71B-12.7M0.928.82N/AN/A44,02640,528717,068520,604
2015-07-23$69.52$67.5015.8%4.6%17.3%21.6%16.0%3.2%-0.5%152.6M-2.54B-12.6M0.928.42N/AN/A23,59421,719729,101541,469
2015-07-24$68.96$67.5016.8%4.8%17.4%27.4%16.9%3.3%0.3%106.5M-2.18B-13.0M0.919.37N/AN/A29,56726,983733,724545,993
2015-07-27$67.85$67.5018.1%5.3%18.3%35.9%18.9%4.2%-0.2%112.1M-1.70B-13.6M0.887.24N/AN/A28,96125,371711,971539,295
2015-07-28$68.05$67.5017.5%5.0%16.3%32.2%17.2%3.6%0.2%121.4M-1.81B-12.9M0.658.50N/AN/A22,35414,538718,273544,863
2015-07-29$68.97$67.5016.0%4.6%16.7%22.5%16.9%3.5%0.4%137.0M-2.27B-12.5M0.719.80N/AN/A37,69226,706728,046547,263
2015-07-30$69.03$67.5015.9%4.5%16.7%22.2%16.4%2.8%0.4%141.7M-2.28B-12.9M1.027.53N/AN/A19,63120,106738,786555,314
2015-07-31$68.50$67.5016.1%4.6%16.7%23.2%16.6%3.3%0.4%141.7M-2.01B-13.1M0.867.29N/AN/A22,54919,447743,295559,439