JPM Options History — July 2017

In July 2017, JPM traded between $90.77 and $93.81. ATM implied volatility averaged 15.9%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 2.1% (HV 20d: 13.8%). Max pain ranged from $87.50 to $90.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.66.

Notable Days

  • 2017-07-14: Highest Volume — 209,124 contracts
  • 2017-07-14: Largest IV drop — 12.9% change
  • 2017-07-06: Highest IV Rank — 39.5%
  • 2017-07-06: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$92.28$90.77$93.81$92.75$92.11
Max Pain$89.88$87.50$90.00$90.00$90.00
ATM IV15.9%13.7%19.2%18.1%13.7%
Expected Move4.6%3.8%5.6%5.4%3.8%
HV 20d13.8%12.2%15.1%14.6%12.4%
HV 60d17.0%16.1%17.8%17.7%16.3%
IV Rank14.9%0.0%39.5%28.0%0.0%
IV Percentile20.3%0.0%61.5%44.8%0.0%
Term Structure0.0%-0.9%0.5%-0.3%0.3%
VWIV16.2%13.3%19.7%19.2%13.3%
Skew 25d2.0%1.7%2.9%2.3%2.1%
Skew 10d4.3%2.9%5.9%4.4%4.7%
Call IV 25d15.2%13.0%18.2%17.2%13.0%
Put IV 25d17.3%15.0%21.1%19.4%15.0%
Bid-Ask Spread %3.051.528.978.972.04
Gamma HHI0.130.110.160.130.16
Net GEX139.3M98.1M168.2M133.8M131.1M
Net DEX-2.01B-2.66B-1.46B-2.27B-1.69B
Net VEX-13.3M-14.1M-12.5M-13.5M-12.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.341.630.340.54
Total Volume99,798.948,806209,124157,56548,806
Total OI1,308,550.051,169,2061,417,4191,264,6141,217,026

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-07-03$92.75$90.0018.1%5.4%14.6%28.0%19.2%2.3%-0.3%133.8M-2.27B-13.5M0.348.97N/AN/A117,41640,149678,147586,467
2017-07-05$93.71$90.0018.2%5.6%14.7%29.4%19.7%2.3%-0.5%136.0M-2.58B-13.6M0.556.47N/AN/A99,77155,208681,579600,698
2017-07-06$93.63$87.5019.2%5.6%14.7%39.5%19.2%2.9%-0.0%127.7M-2.53B-14.1M0.503.59N/AN/A106,32152,742698,644618,310
2017-07-07$93.81$90.0018.4%5.1%14.6%34.4%18.3%2.5%-0.6%168.2M-2.66B-14.0M0.432.45N/AN/A99,31142,280718,586630,933
2017-07-10$93.37$90.0018.0%5.2%13.6%32.2%18.9%2.3%0.4%155.6M-2.55B-13.9M0.641.91N/AN/A47,60230,541697,208605,277
2017-07-11$92.88$90.0018.4%5.3%14.0%35.9%18.6%2.1%-0.1%157.3M-2.40B-13.8M0.702.28N/AN/A43,08430,172711,341616,600
2017-07-12$92.62$90.0017.6%5.1%14.1%28.6%17.8%1.7%0.3%161.9M-2.31B-13.9M0.592.09N/AN/A40,47923,945721,108624,022
2017-07-13$93.26$90.0017.5%5.1%14.0%27.5%18.3%1.8%0.3%165.6M-2.55B-13.6M0.757.08N/AN/A64,00548,203720,975633,138
2017-07-14$92.46$90.0015.2%4.4%14.2%6.7%15.7%1.7%0.4%107.0M-2.16B-13.7M0.642.64N/AN/A127,74881,376742,817652,581
2017-07-17$91.33$90.0015.0%4.3%15.1%4.8%15.7%2.0%0.2%152.1M-1.76B-12.8M0.492.47N/AN/A56,72027,687735,164620,037
2017-07-18$91.03$90.0015.8%4.6%13.4%12.4%16.0%1.8%-0.3%143.0M-1.62B-13.0M0.531.92N/AN/A56,90829,901749,160628,046
2017-07-19$91.25$90.0015.0%4.3%13.1%5.1%14.6%1.9%-0.9%163.3M-1.71B-13.1M0.601.84N/AN/A41,15424,515761,584633,246
2017-07-20$91.45$90.0013.9%4.0%12.9%0.0%14.1%2.0%0.1%162.7M-1.79B-13.0M0.471.96N/AN/A58,51727,757767,601639,705
2017-07-21$90.77$90.0014.0%4.0%13.3%0.9%13.9%1.8%-0.3%98.1M-1.46B-12.6M0.491.52N/AN/A51,72225,330768,161649,258
2017-07-24$91.45$90.0013.9%4.0%13.3%0.0%14.2%1.9%0.3%120.2M-1.55B-12.5M1.632.50N/AN/A29,38948,039643,664525,542
2017-07-25$92.92$90.0014.3%4.1%14.0%4.0%14.4%2.0%0.1%137.4M-2.02B-13.3M0.432.31N/AN/A68,85129,928651,110542,411
2017-07-26$91.85$90.0014.1%3.9%14.7%1.7%13.6%1.8%0.5%119.9M-1.64B-12.8M0.502.13N/AN/A45,34722,723661,030549,648
2017-07-27$91.48$90.0014.6%4.1%13.5%6.4%14.5%2.1%0.1%111.4M-1.51B-13.1M1.491.82N/AN/A36,31554,158675,677554,904
2017-07-28$91.44$90.0013.9%4.0%12.2%0.5%14.0%2.0%0.1%133.6M-1.46B-13.0M0.883.11N/AN/A32,84729,011683,420576,176
2017-07-31$92.11$90.0013.7%3.8%12.4%0.0%13.3%2.1%0.3%131.1M-1.69B-12.8M0.542.04N/AN/A31,73417,072655,452561,574