JPM Options History — October 2015

In October 2015, JPM traded between $59.91 and $65.39. ATM implied volatility averaged 21.3%, placing in the 31.5% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded below realized volatility by 1.6% (HV 20d: 22.9%). Max pain ranged from $62.50 to $64.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.93.

Notable Days

  • 2015-10-14: Highest Volume — 123,125 contracts
  • 2015-10-15: Largest IV drop — 13.2% change
  • 2015-10-01: Highest IV Rank — 58.8%
  • 2015-10-01: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$62.51$59.91$65.39$60.83$64.44
Max Pain$62.57$62.50$64.00$62.50$64.00
ATM IV21.3%17.4%28.6%28.6%17.8%
Expected Move6.0%5.0%8.4%8.4%5.1%
HV 20d22.9%20.4%25.5%25.0%21.9%
HV 60d25.7%24.8%26.9%25.1%26.9%
IV Rank31.5%17.1%58.8%58.8%18.6%
IV Percentile66.3%40.1%95.2%95.2%42.1%
Term Structure-0.1%-1.5%1.0%-0.3%0.8%
VWIV21.0%17.7%29.3%26.3%18.4%
Skew 25d5.1%3.2%7.2%7.2%3.2%
Skew 10d10.5%6.4%14.1%14.1%6.9%
Call IV 25d19.1%16.0%26.1%26.1%16.5%
Put IV 25d24.1%19.7%33.3%33.3%19.7%
Bid-Ask Spread %7.202.5614.269.329.74
Gamma HHI0.150.080.710.080.14
Net GEX72.2M-1.9M361.2M32.6M94.1M
Net DEX-278.3M-1.18B569.9M318.9M-799.6M
Net VEX-10.8M-11.7M-9.8M-11.7M-10.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.491.540.551.40
Total Volume66,001.533,874123,12569,52182,044
Total OI1,336,884.4091,217,2661,457,8421,399,4241,312,010

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-10-01$60.83$62.5028.6%8.4%25.0%58.8%26.3%7.2%-0.3%32.6M318.9M-11.7M0.559.32N/AN/A44,99124,530775,432623,992
2015-10-02$60.65$62.5028.0%8.4%24.8%56.5%29.3%6.5%-0.5%24.4M338.1M-11.6M0.4910.51N/AN/A67,51632,996768,948626,851
2015-10-05$62.02$62.5024.8%6.8%25.5%44.6%22.3%6.3%-0.3%52.9M-176.2M-11.7M0.653.10N/AN/A37,70324,549756,032595,722
2015-10-06$61.98$62.5024.6%6.7%24.1%43.8%21.6%6.2%-0.2%57.7M-147.7M-11.7M0.923.32N/AN/A35,77332,856773,817606,946
2015-10-07$61.98$62.5024.3%6.7%23.3%43.0%23.8%6.2%0.3%57.7M-145.6M-11.6M0.884.00N/AN/A31,49727,666780,266608,488
2015-10-08$62.09$62.5024.1%6.6%23.1%42.1%23.9%6.0%-0.5%62.6M-188.9M-11.6M0.932.82N/AN/A26,08624,274790,358612,519
2015-10-09$61.83$62.5023.5%6.5%23.1%39.8%22.9%6.1%-0.2%50.3M-55.6M-11.3M0.882.56N/AN/A29,01425,589792,070617,440
2015-10-12$61.63$62.5023.0%6.2%23.2%38.1%22.6%6.0%-1.5%43.1M44.0M-10.6M0.893.45N/AN/A25,99423,098776,729609,783
2015-10-13$61.44$62.5023.3%6.2%21.7%38.9%23.0%5.4%-1.2%41.9M60.6M-10.6M0.665.29N/AN/A49,40132,489781,175614,750
2015-10-14$59.91$62.5022.3%6.3%22.9%35.4%21.8%5.1%-0.4%-1.9M569.9M-9.8M0.894.21N/AN/A65,30257,823800,748626,691
2015-10-15$61.90$62.5019.4%5.5%24.8%24.4%20.3%4.7%-0.2%71.6M-43.2M-10.4M0.796.99N/AN/A43,46734,518815,786641,158
2015-10-16$62.50$62.5018.2%5.2%23.1%20.0%17.9%4.4%-0.1%361.2M-296.9M-10.2M0.627.50N/AN/A49,37630,709816,974640,868
2015-10-19$62.20$62.5018.5%5.3%23.1%21.2%18.1%4.7%1.0%43.8M-210.2M-10.2M1.1710.08N/AN/A24,24228,381656,011561,255
2015-10-20$62.61$62.5018.3%5.2%22.4%20.5%18.3%4.4%0.5%52.4M-324.0M-10.4M1.3014.26N/AN/A19,83425,765662,905565,650
2015-10-21$62.09$62.5019.6%5.6%22.7%25.3%20.1%4.8%0.2%43.7M-179.7M-10.4M1.248.48N/AN/A18,57222,968671,457574,115
2015-10-22$63.19$62.5019.0%5.4%23.2%22.9%18.5%4.7%0.6%67.8M-519.3M-10.6M0.849.53N/AN/A29,78025,049676,060579,824
2015-10-23$63.92$62.5017.6%5.0%22.3%17.7%18.5%4.0%0.2%94.9M-775.1M-10.6M1.226.89N/AN/A25,42530,964680,656583,997
2015-10-26$63.87$62.5018.4%5.2%20.5%20.6%19.1%3.9%-0.1%70.5M-648.1M-10.4M1.547.21N/AN/A16,46425,341666,153574,890
2015-10-27$63.64$62.5018.4%5.4%20.4%20.7%18.6%4.1%0.2%66.1M-584.1M-10.4M0.947.39N/AN/A17,43716,437671,397581,997
2015-10-28$65.39$62.5017.4%5.1%21.3%17.1%19.3%3.8%0.1%99.8M-1.18B-10.9M0.8813.47N/AN/A42,35937,251675,814583,806
2015-10-29$65.20$62.5018.8%5.5%21.4%22.1%17.7%3.6%0.3%100.5M-1.18B-10.7M0.818.21N/AN/A47,69838,805684,402595,515
2015-10-30$64.44$64.0017.8%5.1%21.9%18.6%18.4%3.2%0.8%94.1M-799.6M-10.5M1.409.74N/AN/A34,23747,807698,890613,120