JPM Options History — September 2017

In September 2017, JPM traded between $88.39 and $95.43. ATM implied volatility averaged 17.1%, placing in the 31.5% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 0.3% (HV 20d: 16.7%). Max pain ranged from $90.00 to $92.50. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.72.

Notable Days

  • 2017-09-08: Highest Volume — 128,060 contracts
  • 2017-09-05: Largest IV spike — 22.9% change
  • 2017-09-05: Highest IV Rank — 44.9%
  • 2017-09-08: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$92.38$88.39$95.43$91.82$95.43
Max Pain$92.38$90.00$92.50$90.00$92.50
ATM IV17.1%15.2%18.7%15.2%15.9%
Expected Move5.0%4.1%5.8%4.1%4.7%
HV 20d16.7%11.8%18.0%11.8%17.9%
HV 60d14.6%13.6%15.3%13.6%14.3%
IV Rank31.5%15.9%44.9%15.9%21.9%
IV Percentile33.2%11.5%58.7%11.5%19.4%
Term Structure0.4%-0.5%2.1%0.5%0.0%
VWIV17.8%15.1%20.8%15.1%17.8%
Skew 25d2.8%2.0%3.7%2.0%2.4%
Skew 10d5.4%4.4%6.6%4.5%4.5%
Call IV 25d16.1%14.8%17.7%14.8%15.3%
Put IV 25d18.9%16.8%21.3%16.8%17.7%
Bid-Ask Spread %3.612.228.233.823.51
Gamma HHI0.100.080.180.110.18
Net GEX64.7M-20.4M173.5M91.6M173.5M
Net DEX-1.19B-1.98B-22.8M-1.16B-1.98B
Net VEX-12.0M-12.6M-11.6M-12.6M-11.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.351.360.760.35
Total Volume85,313.6554,039128,06077,68384,780
Total OI1,240,245.951,096,4371,343,0081,293,3311,240,562

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-09-01$91.82$90.0015.2%4.1%11.8%15.9%15.1%2.0%0.5%91.6M-1.16B-12.6M0.763.82N/AN/A44,16133,522711,940581,391
2017-09-05$89.36$92.5018.7%5.5%14.9%44.9%20.8%3.6%0.7%6.3M-371.4M-12.1M0.842.25N/AN/A59,73750,426687,237573,118
2017-09-06$90.13$92.5017.2%5.4%15.4%32.5%20.2%2.9%2.1%5.4M-554.2M-12.2M1.182.46N/AN/A33,42439,535688,342597,051
2017-09-07$88.39$92.5018.7%5.6%16.6%44.9%19.3%3.4%1.4%-20.4M-32.6M-12.1M0.692.32N/AN/A48,65533,524695,353613,533
2017-09-08$88.46$92.5018.7%5.8%16.2%44.7%19.3%3.3%1.8%-18.5M-22.8M-12.5M0.362.53N/AN/A93,99134,069711,643619,873
2017-09-11$89.92$92.5017.8%5.3%17.4%37.6%18.4%3.7%-0.2%9.3M-575.1M-11.8M0.592.48N/AN/A56,34633,249669,429614,231
2017-09-12$90.87$92.5017.6%5.1%17.3%35.7%18.6%3.1%0.3%51.5M-943.0M-11.7M0.544.37N/AN/A64,43334,772688,249618,131
2017-09-13$91.22$92.5017.0%5.0%17.3%30.3%17.1%2.9%0.9%68.9M-1.03B-12.0M0.592.32N/AN/A40,94024,305698,761621,182
2017-09-14$90.95$92.5017.6%5.1%17.0%35.7%17.3%2.9%0.2%61.2M-940.0M-11.9M0.802.35N/AN/A39,06131,149708,968623,075
2017-09-15$91.53$92.5017.2%4.9%16.3%32.8%18.0%2.5%-0.5%72.0M-1.17B-11.6M0.553.19N/AN/A53,15529,165712,624630,384
2017-09-18$92.91$92.5016.9%4.8%17.1%29.5%16.9%2.9%-0.0%59.4M-1.27B-11.6M0.583.95N/AN/A63,07336,584558,220538,217
2017-09-19$94.01$92.5016.8%4.8%17.4%29.0%17.6%2.8%-0.1%77.7M-1.59B-11.8M0.534.24N/AN/A52,89128,245577,800548,458
2017-09-20$94.59$92.5016.3%4.7%17.1%24.5%16.7%2.8%0.2%88.2M-1.75B-12.1M0.472.57N/AN/A78,36636,642585,442555,760
2017-09-21$95.03$92.5016.2%4.6%17.2%23.8%16.3%2.8%0.1%105.5M-1.91B-12.2M0.724.98N/AN/A46,52933,511610,500562,819
2017-09-22$94.86$92.5016.0%4.5%17.2%22.6%16.7%2.7%0.4%97.4M-1.89B-12.0M1.368.23N/AN/A33,35945,368622,482568,955
2017-09-25$94.07$92.5017.0%4.9%17.4%31.0%16.9%2.7%0.1%83.5M-1.51B-11.8M1.143.33N/AN/A33,28337,811606,727555,123
2017-09-26$93.65$92.5017.5%5.0%17.3%34.7%17.7%2.7%0.1%68.9M-1.32B-12.2M1.007.04N/AN/A30,53230,491614,428566,406
2017-09-27$95.22$92.5017.3%5.1%18.0%32.9%18.5%2.5%0.1%105.1M-1.90B-11.7M0.793.95N/AN/A57,63545,515625,683575,269
2017-09-28$95.28$92.5016.3%4.8%18.0%25.2%17.3%2.4%0.0%107.9M-1.93B-11.6M0.572.22N/AN/A34,52519,514638,509589,044
2017-09-29$95.43$92.5015.9%4.7%17.9%21.9%17.8%2.4%0.0%173.5M-1.98B-11.7M0.353.51N/AN/A62,81921,961651,263589,299