JPM Options History — August 2015

In August 2015, JPM traded between $60.85 and $68.86. ATM implied volatility averaged 21.4%, placing in the 41.8% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 3.7% (HV 20d: 17.7%). Max pain ranged from $65.00 to $67.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.79.

Notable Days

  • 2015-08-25: Highest Volume — 271,612 contracts
  • 2015-08-24: Largest IV spike — 46.0% change
  • 2015-08-24: Highest IV Rank — 100.0%
  • 2015-08-24: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$66.32$60.85$68.86$68.53$64.28
Max Pain$65.36$65.00$67.50$67.50$65.00
ATM IV21.4%14.4%39.6%15.9%28.2%
Expected Move6.2%4.1%11.4%4.5%8.2%
HV 20d17.7%12.5%27.9%16.6%27.9%
HV 60d16.3%14.3%20.8%14.7%20.5%
IV Rank41.8%12.7%100.0%22.1%57.4%
IV Percentile58.9%7.9%100.0%31.0%98.4%
Term Structure0.1%-2.1%4.3%0.0%-1.5%
VWIV21.8%15.0%39.8%16.2%30.0%
Skew 25d4.8%2.6%11.5%3.1%7.5%
Skew 10d9.6%4.6%20.2%5.6%12.2%
Call IV 25d19.6%13.7%40.1%14.8%25.3%
Put IV 25d24.4%16.2%46.6%17.9%32.9%
Bid-Ask Spread %7.362.4513.538.7713.53
Gamma HHI0.230.160.330.250.17
Net GEX119.3M23.1M216.8M143.5M56.1M
Net DEX-1.30B-2.33B306.4M-2.05B-556.1M
Net VEX-13.0M-14.1M-12.3M-12.8M-13.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.141.250.841.16
Total Volume86,770.33325,895271,61225,89549,969
Total OI1,361,003.4291,263,4621,465,2151,280,9011,374,007

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-08-03$68.53$67.5015.9%4.5%16.6%22.1%16.2%3.1%0.0%143.5M-2.05B-12.8M0.848.77N/AN/A14,06011,835730,555550,346
2015-08-04$68.48$67.5015.3%4.3%16.4%18.3%15.8%3.2%0.1%146.9M-2.02B-12.7M1.256.47N/AN/A17,16421,466733,577556,977
2015-08-05$68.76$67.5014.8%4.1%14.2%15.3%15.0%3.0%0.2%148.8M-2.16B-12.6M1.125.80N/AN/A17,16319,216734,113562,559
2015-08-06$68.31$65.0015.6%4.9%13.9%20.3%17.1%3.1%0.1%141.6M-1.95B-12.4M0.342.45N/AN/A82,75827,735737,274565,781
2015-08-07$68.06$65.0016.3%5.0%13.5%24.7%16.7%3.1%0.0%131.5M-1.92B-13.2M0.763.13N/AN/A35,82627,074795,531573,647
2015-08-10$68.86$65.0014.4%4.2%13.0%12.7%15.7%2.6%0.4%163.5M-2.33B-12.9M0.702.85N/AN/A33,85223,662774,743571,400
2015-08-11$68.23$65.0016.1%5.0%12.5%23.2%17.2%3.0%1.3%162.0M-2.04B-13.0M0.853.89N/AN/A24,05220,341785,197573,343
2015-08-12$67.17$65.0017.7%5.2%13.6%33.1%18.8%3.4%0.4%139.6M-1.43B-13.3M0.627.82N/AN/A67,79641,723789,069579,093
2015-08-13$67.62$65.0017.0%5.2%13.6%28.8%17.6%2.9%1.2%162.9M-1.74B-13.3M0.504.78N/AN/A49,08524,734804,548584,795
2015-08-14$67.83$65.0016.0%4.9%13.6%22.6%17.4%2.7%1.8%177.4M-1.90B-13.2M0.796.14N/AN/A28,86822,885812,218587,158
2015-08-17$68.08$65.0016.4%4.8%13.7%25.4%16.8%3.4%0.2%192.5M-1.99B-12.6M0.906.12N/AN/A27,12824,357792,564583,462
2015-08-18$68.22$65.0016.8%4.9%13.7%27.4%16.7%3.3%-0.2%173.2M-2.02B-12.7M1.115.30N/AN/A20,74823,110797,547592,824
2015-08-19$67.60$65.0018.1%5.2%13.0%35.5%18.8%3.3%-0.5%216.8M-1.75B-12.4M0.867.29N/AN/A47,79341,023800,163599,711
2015-08-20$66.06$65.0022.0%6.3%14.9%58.9%21.8%3.9%-1.4%91.3M-802.1M-12.8M0.746.02N/AN/A54,08040,143818,988623,307
2015-08-21$63.77$65.0027.1%7.4%18.8%91.9%26.4%7.0%4.3%43.0M40.1M-12.8M0.9310.36N/AN/A63,39259,042834,615630,600
2015-08-24$60.96$65.0039.6%11.4%23.5%100.0%39.8%6.5%-2.1%23.1M306.4M-12.5M0.5811.67N/AN/A92,89153,627693,254570,208
2015-08-25$60.85$65.0033.9%10.2%23.4%78.5%31.1%11.5%-0.2%26.3M300.9M-12.3M0.1411.62N/AN/A237,59634,016731,747580,439
2015-08-26$62.78$65.0031.5%9.1%26.0%69.6%33.1%9.1%-1.0%48.6M-250.4M-14.1M0.4312.73N/AN/A113,37248,397797,276584,301
2015-08-27$64.31$65.0027.5%7.9%27.9%54.7%28.7%7.0%-0.1%61.0M-567.2M-13.8M1.1110.30N/AN/A44,47449,378769,490604,206
2015-08-28$64.04$65.0028.2%8.4%27.9%57.4%28.0%7.8%-0.4%56.1M-491.1M-13.8M0.907.42N/AN/A45,52840,818782,024618,415
2015-08-31$64.28$65.0028.2%8.2%27.9%57.4%30.0%7.5%-1.5%56.1M-556.1M-13.7M1.1613.53N/AN/A23,15526,814767,475606,532