JPM Options History — August 2017

In August 2017, JPM traded between $90.63 and $94.09. ATM implied volatility averaged 15.4%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 2.3% (HV 20d: 13.1%). Max pain ranged from $90.00 to $90.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 0.70.

Notable Days

  • 2017-08-04: Highest Volume — 118,443 contracts
  • 2017-08-17: Largest IV spike — 19.1% change
  • 2017-08-11: Highest IV Rank — 36.8%
  • 2017-08-17: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$92.12$90.63$94.09$92.90$90.90
Max Pain$90.00$90.00$90.00$90.00$90.00
ATM IV15.4%13.3%17.7%13.5%16.7%
Expected Move4.4%3.7%5.0%3.7%4.4%
HV 20d13.1%11.5%14.7%12.1%12.6%
HV 60d15.2%13.7%16.9%16.4%13.7%
IV Rank17.5%0.0%36.8%0.0%28.6%
IV Percentile14.6%0.0%42.5%0.0%25.0%
Term Structure0.2%-0.5%0.9%0.3%-0.4%
VWIV15.3%13.2%18.5%13.2%16.2%
Skew 25d2.7%1.8%4.1%2.0%2.0%
Skew 10d5.7%3.2%9.2%3.7%4.3%
Call IV 25d14.4%12.7%16.8%12.8%16.1%
Put IV 25d17.1%14.7%20.1%14.8%18.1%
Bid-Ask Spread %2.561.486.191.784.06
Gamma HHI0.140.090.200.160.10
Net GEX102.8M21.4M181.2M158.3M34.6M
Net DEX-1.44B-2.39B-754.6M-2.04B-817.7M
Net VEX-12.8M-13.8M-12.2M-12.7M-12.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.370.960.580.65
Total Volume72,472.69647,658118,44354,00475,195
Total OI1,257,030.1741,136,5361,356,7101,236,7041,263,780

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-08-01$92.90$90.0013.5%3.7%12.1%0.0%13.2%2.0%0.3%158.3M-2.04B-12.7M0.581.78N/AN/A34,26419,740668,156568,548
2017-08-02$92.98$90.0013.3%3.7%11.5%0.0%13.2%2.0%0.2%155.5M-2.01B-13.1M0.522.21N/AN/A36,50119,070673,580573,287
2017-08-03$92.30$90.0014.0%4.2%11.8%5.6%15.2%2.2%0.0%144.8M-1.76B-13.1M0.943.00N/AN/A29,68227,966685,197578,199
2017-08-04$93.74$90.0013.8%4.3%13.1%3.8%15.0%1.8%0.3%181.2M-2.38B-13.2M0.541.87N/AN/A76,85441,589692,625588,842
2017-08-07$94.09$90.0014.6%4.3%13.0%10.5%15.8%1.8%0.5%164.6M-2.39B-13.4M0.571.48N/AN/A30,63417,310680,199574,847
2017-08-08$93.84$90.0015.0%4.3%12.9%13.9%15.6%1.8%0.1%161.5M-2.27B-13.4M0.702.13N/AN/A60,37842,355684,342581,828
2017-08-09$93.36$90.0015.1%4.5%13.0%14.7%15.1%2.1%0.7%147.8M-2.06B-13.1M0.682.32N/AN/A40,97227,990691,806596,723
2017-08-10$92.21$90.0017.3%4.9%13.5%33.7%17.1%3.3%-0.2%123.4M-1.55B-13.2M0.872.20N/AN/A42,30636,906703,391602,899
2017-08-11$91.56$90.0017.7%5.0%13.4%36.8%18.5%3.3%-0.5%106.8M-1.23B-13.8M0.932.10N/AN/A38,51335,845710,600608,390
2017-08-14$92.55$90.0015.3%4.4%13.2%16.8%15.0%3.2%0.2%149.6M-1.67B-12.5M0.751.86N/AN/A27,23420,424694,603606,592
2017-08-15$92.98$90.0014.8%4.3%13.2%12.4%14.4%2.6%0.2%177.2M-1.89B-12.5M0.831.50N/AN/A31,10425,856700,546610,702
2017-08-16$92.05$90.0014.7%4.2%13.8%11.4%14.9%3.0%0.5%133.4M-1.38B-12.3M0.912.51N/AN/A36,67733,368703,950621,451
2017-08-17$90.71$90.0017.5%5.0%14.7%34.8%16.9%4.1%0.3%46.0M-761.6M-12.6M0.961.69N/AN/A43,19141,421711,921632,068
2017-08-18$91.01$90.0016.7%4.8%14.5%27.9%16.3%4.0%-0.3%21.4M-900.4M-12.2M0.722.69N/AN/A43,95931,849718,243638,467
2017-08-21$90.63$90.0015.6%4.4%14.4%19.4%14.7%3.3%0.2%33.0M-754.6M-12.3M0.782.06N/AN/A44,22334,637612,485524,051
2017-08-22$91.60$90.0015.3%4.2%13.7%16.2%14.6%2.9%0.2%61.6M-1.05B-12.6M0.411.74N/AN/A51,72421,347622,609534,251
2017-08-23$91.75$90.0015.5%4.1%13.1%18.3%14.6%2.9%0.2%72.7M-1.14B-12.3M0.591.96N/AN/A45,07626,760646,735543,342
2017-08-24$91.57$90.0015.7%4.3%13.0%19.4%15.1%3.1%0.4%64.1M-1.03B-12.7M0.852.99N/AN/A36,50131,148652,372550,589
2017-08-25$92.15$90.0015.3%4.1%13.2%16.3%14.7%3.0%0.5%91.2M-1.26B-12.5M0.662.74N/AN/A44,79629,398657,833563,095
2017-08-28$91.53$90.0015.7%4.2%13.1%19.8%14.7%2.7%0.9%50.3M-995.0M-12.5M0.472.38N/AN/A42,96820,042645,140549,808
2017-08-29$91.13$90.0016.0%4.5%12.8%22.0%15.6%3.0%0.5%38.1M-878.5M-12.5M0.765.39N/AN/A51,41739,265655,925552,351
2017-08-30$91.28$90.0015.7%4.4%12.8%19.8%15.8%2.7%0.6%47.8M-958.5M-12.3M0.376.19N/AN/A57,08921,328670,250565,076
2017-08-31$90.90$90.0016.7%4.4%12.6%28.6%16.2%2.0%-0.4%34.6M-817.7M-12.7M0.654.06N/AN/A45,65729,538694,987568,793