JPM Options History — November 2015

In November 2015, JPM traded between $65.40 and $68.46. ATM implied volatility averaged 20.1%, placing in the 26.9% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 1.6% (HV 20d: 21.7%). Max pain ranged from $62.50 to $65.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.84.

Notable Days

  • 2015-11-06: Highest Volume — 118,713 contracts
  • 2015-11-09: Largest IV spike — 12.5% change
  • 2015-11-13: Highest IV Rank — 37.5%
  • 2015-11-13: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$66.81$65.40$68.46$65.40$66.68
Max Pain$64.47$62.50$65.00$64.00$65.00
ATM IV20.1%18.4%22.9%18.5%20.0%
Expected Move5.9%5.3%6.8%5.3%6.3%
HV 20d21.7%19.5%24.2%21.2%19.5%
HV 60d25.8%22.0%28.1%27.1%22.0%
IV Rank26.9%20.7%37.5%21.3%23.8%
IV Percentile64.5%49.6%80.6%51.6%65.5%
Term Structure0.4%-0.3%1.9%0.4%0.4%
VWIV20.6%15.1%24.2%16.8%21.8%
Skew 25d3.4%2.5%3.8%2.9%3.6%
Skew 10d7.6%6.0%10.8%9.7%6.1%
Call IV 25d18.8%16.9%21.0%17.3%18.3%
Put IV 25d22.2%20.2%24.7%20.2%21.9%
Bid-Ask Spread %8.055.3918.1011.099.11
Gamma HHI0.240.160.860.180.17
Net GEX156.7M65.5M973.1M95.8M65.5M
Net DEX-1.51B-2.41B-985.7M-1.07B-1.16B
Net VEX-10.6M-11.2M-10.1M-10.5M-10.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.351.311.091.26
Total Volume54,266.4527,930118,71375,70339,332
Total OI1,332,267.71,180,2401,429,7921,284,4931,204,024

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-11-02$65.40$64.0018.5%5.3%21.2%21.3%16.8%2.9%0.4%95.8M-1.07B-10.5M1.0911.09N/AN/A36,18039,523684,563599,930
2015-11-03$65.99$64.0018.4%5.3%21.3%20.7%16.3%3.1%0.3%107.9M-1.31B-10.6M1.095.87N/AN/A31,30734,276695,888610,343
2015-11-04$65.75$64.0018.9%5.4%21.4%22.5%15.1%3.8%-0.0%104.9M-1.26B-10.7M1.036.19N/AN/A24,99825,741711,255620,371
2015-11-05$66.50$62.5019.1%5.6%21.6%23.3%20.0%3.3%0.4%121.1M-1.58B-10.9M0.937.54N/AN/A42,78739,909722,379623,868
2015-11-06$68.46$62.5018.7%5.9%23.2%21.9%20.3%2.5%-0.1%142.4M-2.41B-11.0M0.357.06N/AN/A87,84330,870731,597629,238
2015-11-09$67.39$62.5021.0%6.4%24.2%30.6%22.3%3.3%1.4%134.8M-1.95B-11.2M0.608.55N/AN/A36,63922,115751,058619,970
2015-11-10$67.63$65.0020.5%6.2%24.0%28.5%22.2%3.1%1.2%137.1M-2.00B-10.9M0.537.29N/AN/A25,50113,634753,791631,618
2015-11-11$67.71$65.0021.0%6.3%21.3%30.4%23.5%3.4%1.1%143.6M-2.09B-10.8M0.5918.10N/AN/A21,15712,421758,466633,155
2015-11-12$66.02$65.0022.0%6.7%21.7%34.3%23.5%3.8%1.9%103.2M-1.22B-11.1M0.725.82N/AN/A27,14019,648759,871645,737
2015-11-13$65.61$65.0022.9%6.8%21.8%37.5%24.2%3.7%1.3%95.3M-985.7M-11.2M0.827.10N/AN/A23,67619,332765,162652,552
2015-11-16$66.51$65.0021.2%6.1%22.0%31.2%22.2%3.6%0.4%122.7M-1.40B-10.7M0.539.46N/AN/A23,25412,297747,907634,802
2015-11-17$66.28$65.0021.5%6.2%22.0%32.2%22.9%3.7%0.2%119.3M-1.30B-10.6M1.287.65N/AN/A24,05330,750756,405635,226
2015-11-18$67.48$65.0020.7%5.9%22.3%29.4%20.9%3.3%-0.2%174.4M-1.86B-10.1M0.406.87N/AN/A57,60123,284759,791646,393
2015-11-19$67.65$65.0020.4%5.9%21.7%28.3%20.6%3.4%-0.1%212.4M-1.93B-10.2M0.635.39N/AN/A28,20917,753768,539655,984
2015-11-20$67.52$65.0019.5%5.6%21.5%24.8%19.1%3.6%-0.2%973.1M-1.89B-10.1M0.856.40N/AN/A49,34442,070771,912657,880
2015-11-23$66.88$65.0019.4%5.6%22.0%24.7%19.4%3.8%-0.3%66.9M-1.20B-10.3M0.929.48N/AN/A16,70815,305593,074587,166
2015-11-24$66.78$65.0019.4%5.8%21.9%24.6%21.0%3.6%0.1%67.9M-1.20B-10.2M1.316.75N/AN/A12,97916,953601,453596,386
2015-11-25$66.83$65.0019.1%5.8%19.8%23.6%20.2%3.3%-0.1%66.3M-1.15B-10.3M1.046.87N/AN/A16,09016,720603,483604,774
2015-11-27$67.17$65.0019.4%5.9%19.8%24.4%20.3%3.5%0.2%80.2M-1.29B-10.3M0.868.30N/AN/A15,03412,896609,983609,360
2015-11-30$66.68$65.0020.0%6.3%19.5%23.8%21.8%3.6%0.4%65.5M-1.16B-10.1M1.269.11N/AN/A17,38621,946602,697601,327