JPM Options History — September 2015

In September 2015, JPM traded between $59.81 and $64.10. ATM implied volatility averaged 28.2%, placing in the 57.3% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded below realized volatility by 4.4% (HV 20d: 32.5%). Max pain ranged from $62.50 to $65.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.88.

Notable Days

  • 2015-09-01: Highest Volume — 138,688 contracts
  • 2015-09-28: Largest IV spike — 17.5% change
  • 2015-09-01: Highest IV Rank — 85.0%
  • 2015-09-01: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$61.77$59.81$64.10$61.37$60.98
Max Pain$64.45$62.50$65.00$65.00$62.50
ATM IV28.2%23.5%35.6%35.6%28.7%
Expected Move8.2%6.7%11.0%11.0%8.6%
HV 20d32.5%25.7%36.4%31.8%25.7%
HV 60d23.9%22.5%25.4%22.5%25.4%
IV Rank57.3%39.9%85.0%85.0%59.1%
IV Percentile94.8%88.1%99.6%99.6%95.6%
Term Structure-0.4%-2.2%0.9%-2.0%-0.2%
VWIV28.9%23.6%38.3%38.3%31.3%
Skew 25d7.8%6.4%11.4%11.4%7.5%
Skew 10d15.9%12.7%19.8%17.1%16.7%
Call IV 25d24.9%20.9%30.3%30.3%26.0%
Put IV 25d32.7%27.8%41.7%41.7%33.5%
Bid-Ask Spread %7.032.5410.678.169.43
Gamma HHI0.110.080.140.130.08
Net GEX42.6M22.0M91.0M28.1M33.1M
Net DEX51.6M-682.4M463.8M209.3M215.4M
Net VEX-12.1M-13.4M-10.7M-13.1M-11.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.291.620.570.89
Total Volume75,164.71443,881138,688138,68871,982
Total OI1,398,343.0951,259,4451,489,0621,386,1491,370,162

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-09-01$61.37$65.0035.6%11.0%31.8%85.0%38.3%11.4%-2.0%28.1M209.3M-13.1M0.578.16N/AN/A88,53450,154772,638613,511
2015-09-02$62.36$65.0031.5%8.8%32.6%69.6%31.2%8.8%-0.9%39.3M-11.3M-13.4M0.928.06N/AN/A40,57337,476796,831628,005
2015-09-03$62.78$65.0028.8%8.3%32.8%59.4%28.7%7.2%-1.1%45.7M-120.0M-13.3M1.043.18N/AN/A35,42136,901808,787638,732
2015-09-04$61.73$65.0031.6%8.7%33.1%70.2%30.6%9.0%-0.8%23.6M194.3M-13.1M0.434.22N/AN/A81,17335,233812,969645,908
2015-09-08$63.16$65.0027.9%8.3%34.1%56.2%28.3%8.0%0.5%62.7M-363.7M-13.0M0.673.46N/AN/A26,34017,541810,370613,105
2015-09-09$62.08$65.0028.7%8.3%34.4%59.2%27.8%8.9%0.9%46.8M-23.0M-12.6M1.002.67N/AN/A27,09227,053816,322617,636
2015-09-10$62.57$65.0028.8%8.2%34.4%59.5%28.6%8.5%-0.0%57.1M-155.4M-13.0M0.943.35N/AN/A34,84532,637822,379626,458
2015-09-11$62.33$65.0027.8%8.1%34.2%56.0%31.4%8.0%0.5%65.0M-79.5M-12.5M1.502.54N/AN/A27,49941,284832,721632,013
2015-09-14$62.25$65.0028.4%8.1%34.1%57.9%28.7%7.8%-0.4%46.8M-54.3M-12.2M1.025.94N/AN/A23,78624,336815,545627,034
2015-09-15$63.58$65.0027.4%7.7%35.2%54.4%26.3%7.0%-1.7%76.0M-482.4M-12.5M0.6410.67N/AN/A27,41317,414821,627627,709
2015-09-16$64.10$65.0023.5%6.7%35.4%39.9%25.2%6.7%0.9%91.0M-682.4M-12.6M1.405.87N/AN/A23,16332,357834,775635,069
2015-09-17$62.54$65.0025.4%7.3%36.1%46.8%25.9%7.3%-1.3%51.3M-49.1M-11.5M1.119.81N/AN/A30,55333,850836,482644,010
2015-09-18$60.94$65.0027.0%7.9%36.4%52.8%25.2%7.7%-2.2%26.6M463.8M-10.9M0.698.16N/AN/A66,93845,986839,619649,443
2015-09-21$61.44$65.0023.5%6.7%34.6%40.0%23.6%6.9%0.4%34.4M150.2M-10.8M0.618.71N/AN/A41,65725,546715,692543,753
2015-09-22$60.54$65.0025.7%7.5%31.1%48.1%25.3%7.5%0.4%27.6M320.9M-10.7M0.297.74N/AN/A71,72820,637729,280552,230
2015-09-23$60.64$65.0026.1%7.8%31.1%49.3%26.4%6.8%0.0%28.9M281.0M-11.0M0.507.49N/AN/A56,20028,015737,625570,966
2015-09-24$60.20$63.5027.5%8.2%28.9%54.9%28.5%6.5%-0.1%23.2M412.2M-11.1M1.049.96N/AN/A30,93132,178752,179579,781
2015-09-25$61.52$62.5025.7%7.5%28.6%48.0%26.4%6.4%-0.2%43.1M56.4M-11.6M0.7810.43N/AN/A43,29333,722758,648580,307
2015-09-28$60.17$62.5030.2%9.2%29.5%64.7%32.9%7.3%-1.1%22.6M368.0M-11.3M0.809.23N/AN/A39,21531,317743,355575,471
2015-09-29$59.81$62.5032.0%9.6%29.4%71.7%35.4%8.3%-0.8%22.0M433.9M-11.2M1.628.48N/AN/A32,96853,518752,218583,840
2015-09-30$60.98$62.5028.7%8.6%25.7%59.1%31.3%7.5%-0.2%33.1M215.4M-11.7M0.899.43N/AN/A38,07433,908760,402609,760