JPM Options History — August 2016

In August 2016, JPM traded between $63.70 and $67.59. ATM implied volatility averaged 16.6%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 3.6% (HV 20d: 13.0%). Max pain ranged from $62.50 to $62.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 0.92.

Notable Days

  • 2016-08-05: Highest Volume — 96,244 contracts
  • 2016-08-24: Largest IV spike — 10.2% change
  • 2016-08-02: Highest IV Rank — 12.4%
  • 2016-08-08: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$65.74$63.70$67.59$63.70$67.43
Max Pain$62.50$62.50$62.50$62.50$62.50
ATM IV16.6%15.3%18.1%17.4%17.0%
Expected Move4.7%4.0%5.1%4.9%4.5%
HV 20d13.0%12.0%17.4%17.4%12.0%
HV 60d24.7%23.8%25.7%25.2%23.8%
IV Rank5.6%0.4%12.4%10.2%6.5%
IV Percentile5.8%0.4%13.5%9.1%10.7%
Term Structure0.4%-0.2%1.4%0.2%0.4%
VWIV16.8%14.7%18.6%16.6%16.7%
Skew 25d4.2%3.4%4.8%3.9%4.8%
Skew 10d9.1%4.5%15.4%4.5%8.7%
Call IV 25d14.9%13.4%16.2%15.7%15.2%
Put IV 25d19.1%17.8%20.7%19.5%20.0%
Bid-Ask Spread %7.443.8810.729.287.00
Gamma HHI0.180.130.250.200.15
Net GEX104.9M71.0M132.0M71.0M108.3M
Net DEX-1.38B-1.80B-767.1M-767.1M-1.75B
Net VEX-11.4M-11.7M-10.5M-11.5M-11.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.361.440.771.11
Total Volume57,246.95735,97696,24442,83968,542
Total OI1,243,936.4781,161,9501,335,7171,196,3521,249,795

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-08-01$63.70$62.5017.4%4.9%17.4%10.2%16.6%3.9%0.2%71.0M-767.1M-11.5M0.779.28N/AN/A24,13818,701621,882574,470
2016-08-02$63.70$62.5018.0%5.0%12.4%12.4%17.4%4.2%0.2%73.4M-772.1M-11.7M1.148.15N/AN/A22,27725,432629,805579,066
2016-08-03$64.63$62.5016.3%4.5%12.7%6.6%16.3%3.8%0.4%101.3M-1.10B-11.7M1.209.16N/AN/A22,79227,245636,326585,138
2016-08-04$64.57$62.5016.9%5.0%12.8%8.7%18.2%3.8%0.2%101.1M-1.09B-11.7M0.837.80N/AN/A32,60427,105643,046592,332
2016-08-05$66.36$62.5015.6%4.5%13.9%3.9%17.8%3.4%0.2%108.1M-1.80B-10.9M0.536.19N/AN/A63,10733,137648,201600,808
2016-08-08$66.05$62.5016.6%5.1%14.1%7.5%18.2%4.1%1.3%108.8M-1.55B-11.7M1.195.32N/AN/A22,36226,578646,290596,961
2016-08-09$65.91$62.5015.6%4.9%13.4%4.0%17.9%3.6%1.4%117.2M-1.54B-11.4M1.447.18N/AN/A16,86324,303654,578599,451
2016-08-10$65.28$62.5016.4%5.0%14.0%4.4%18.1%4.1%1.2%111.7M-1.28B-11.6M0.886.46N/AN/A35,85931,536656,809604,880
2016-08-11$65.51$62.5016.3%4.9%12.6%4.1%18.6%3.5%1.1%118.9M-1.40B-11.7M1.326.43N/AN/A21,82528,763671,379616,920
2016-08-12$65.30$62.5016.2%4.8%12.7%3.5%16.4%3.9%1.0%122.5M-1.29B-11.7M1.017.11N/AN/A25,44525,646671,455621,465
2016-08-15$65.78$62.5017.0%5.0%12.8%6.3%17.7%4.3%-0.1%121.9M-1.48B-11.3M1.126.71N/AN/A19,80422,235662,070612,395
2016-08-16$65.79$62.5017.4%5.0%12.7%7.9%17.9%4.5%-0.2%132.0M-1.50B-11.3M1.076.51N/AN/A21,63623,176668,783615,851
2016-08-17$65.89$62.5016.5%4.7%12.7%4.7%16.4%4.5%0.4%129.3M-1.55B-11.2M0.5810.72N/AN/A22,72413,252674,017623,410
2016-08-18$65.95$62.5015.9%4.6%12.5%2.4%15.6%4.8%0.2%129.6M-1.61B-11.1M0.367.88N/AN/A68,79824,624680,177627,518
2016-08-19$65.84$62.5015.8%4.5%12.5%2.3%16.1%4.6%0.6%75.4M-1.54B-11.4M0.766.62N/AN/A46,14035,109698,744636,973
2016-08-22$65.81$62.5015.3%4.0%12.5%0.4%14.7%4.1%0.0%82.6M-1.22B-10.5M1.139.91N/AN/A24,83128,147602,515559,435
2016-08-23$65.81$62.5015.8%4.3%12.5%2.3%15.4%3.8%0.0%87.7M-1.20B-11.2M1.233.88N/AN/A22,27727,352612,033568,529
2016-08-24$65.95$62.5017.4%4.8%12.4%8.0%16.7%4.7%-0.0%85.1M-1.23B-11.5M0.566.10N/AN/A25,78214,361617,609578,631
2016-08-25$66.05$62.5018.1%4.8%12.4%10.3%17.3%4.5%-0.1%94.3M-1.32B-10.9M0.889.72N/AN/A26,67423,478626,157583,968
2016-08-26$66.28$62.5016.8%4.4%12.3%5.8%16.4%4.4%-0.0%130.5M-1.38B-11.4M0.748.79N/AN/A46,81634,744637,811592,247
2016-08-29$66.86$62.5016.1%4.2%12.3%3.3%15.9%4.6%0.4%96.8M-1.52B-11.2M0.617.05N/AN/A37,19222,739618,797587,352
2016-08-30$67.59$62.5016.4%4.4%12.6%4.4%15.3%4.8%0.5%104.7M-1.78B-11.1M0.667.11N/AN/A36,47924,050630,404594,056
2016-08-31$67.43$62.5017.0%4.5%12.0%6.5%16.7%4.8%0.4%108.3M-1.75B-11.5M1.117.00N/AN/A32,47936,063648,999600,796