JPM Options History — October 2017

In October 2017, JPM traded between $95.87 and $101.80. ATM implied volatility averaged 15.7%, placing in the 19.6% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 1.8% (HV 20d: 13.8%). Max pain ranged from $92.50 to $97.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.65.

Notable Days

  • 2017-10-04: Highest Volume — 347,211 contracts
  • 2017-10-13: Largest IV drop — 7.7% change
  • 2017-10-09: Highest IV Rank — 38.2%
  • 2017-10-09: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$98.36$95.87$101.80$96.85$100.63
Max Pain$94.66$92.50$97.50$92.50$97.50
ATM IV15.7%13.8%17.9%15.9%15.8%
Expected Move4.6%4.0%5.0%4.8%4.7%
HV 20d13.8%12.5%18.2%18.2%13.6%
HV 60d14.8%14.5%15.1%14.6%14.8%
IV Rank19.6%3.8%38.2%21.7%20.5%
IV Percentile19.0%1.2%51.2%19.4%21.0%
Term Structure-0.0%-0.8%0.7%0.1%0.3%
VWIV16.6%14.2%21.6%18.2%16.8%
Skew 25d1.4%0.8%2.4%2.4%1.2%
Skew 10d2.8%1.3%4.8%4.8%2.3%
Call IV 25d15.5%13.7%17.3%15.3%15.7%
Put IV 25d16.8%15.0%19.0%17.7%16.9%
Bid-Ask Spread %3.472.085.774.133.80
Gamma HHI0.130.090.220.100.13
Net GEX117.9M83.7M171.9M117.1M104.7M
Net DEX-2.05B-2.69B-1.29B-2.30B-2.22B
Net VEX-11.6M-12.0M-11.0M-11.6M-11.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.140.960.430.70
Total Volume109,265.59151,326347,211146,02151,326
Total OI1,239,280.3181,154,9311,319,4441,227,8221,242,160

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-10-02$96.85$92.5015.9%4.8%18.2%21.7%18.2%2.4%0.1%117.1M-2.30B-11.6M0.434.13N/AN/A102,16743,854650,956576,866
2017-10-03$97.39$92.5016.4%4.8%14.4%25.3%18.2%2.0%-0.0%126.8M-2.48B-11.7M0.613.19N/AN/A65,92340,447662,518587,716
2017-10-04$96.30$92.5016.5%5.0%15.3%26.9%21.6%2.2%-0.1%115.3M-2.03B-11.9M0.143.51N/AN/A304,14443,067665,377600,132
2017-10-05$97.02$92.5017.3%4.9%12.8%33.4%17.7%1.9%-0.1%108.5M-1.65B-11.8M0.735.77N/AN/A62,76945,769587,487611,352
2017-10-06$96.83$92.5016.9%4.8%12.9%29.5%18.1%1.6%-0.1%84.6M-1.58B-11.8M0.662.83N/AN/A60,59040,175592,831625,112
2017-10-09$96.32$92.5017.9%5.0%12.6%38.2%17.3%1.7%-0.5%83.7M-1.45B-11.8M0.642.27N/AN/A54,21834,535571,210607,115
2017-10-10$97.15$95.0016.8%4.7%12.5%29.0%16.9%1.7%-0.4%111.1M-1.75B-11.7M0.772.23N/AN/A30,17523,332600,438620,494
2017-10-11$96.54$95.0016.4%4.6%12.9%25.6%17.0%1.4%-0.2%102.5M-1.51B-12.0M0.914.48N/AN/A60,32154,764606,880626,808
2017-10-12$95.94$95.0015.4%4.5%13.2%17.6%15.8%1.0%0.5%89.3M-1.33B-11.7M0.734.78N/AN/A69,75250,861628,278649,731
2017-10-13$95.87$95.0014.2%4.2%13.1%7.7%14.8%1.3%0.7%102.3M-1.29B-11.8M0.964.81N/AN/A46,80244,905638,315657,604
2017-10-16$97.94$95.0015.0%4.3%14.1%13.7%15.4%1.0%-0.8%146.3M-2.04B-11.1M0.692.08N/AN/A61,53742,357611,002633,676
2017-10-17$97.50$95.0014.4%4.2%13.9%9.2%14.9%1.2%-0.4%143.5M-1.84B-11.7M0.682.92N/AN/A40,14727,421621,286640,809
2017-10-18$98.00$95.0014.4%4.1%13.9%8.7%14.2%1.3%-0.4%171.9M-2.11B-11.1M0.522.92N/AN/A62,69932,741628,697649,752
2017-10-19$97.99$95.0014.5%4.2%13.8%9.6%14.6%1.4%-0.3%161.9M-2.04B-11.3M0.643.07N/AN/A42,21726,989642,394660,557
2017-10-20$99.42$95.0013.8%4.0%14.5%3.8%14.4%0.8%-0.2%157.8M-2.69B-11.0M0.402.20N/AN/A109,21043,525653,322666,122
2017-10-23$99.30$95.0014.4%4.2%14.0%8.8%15.3%1.4%0.2%107.3M-2.06B-11.4M0.574.31N/AN/A42,35224,035574,609580,322
2017-10-24$100.86$95.0015.2%4.4%14.5%15.6%15.9%1.2%0.2%116.3M-2.50B-11.5M0.822.60N/AN/A82,76168,161586,780589,417
2017-10-25$101.10$95.0015.9%4.6%13.6%21.6%16.8%1.0%0.1%111.2M-2.47B-11.7M0.893.62N/AN/A49,08143,645602,157608,723
2017-10-26$101.80$95.0016.4%4.9%13.7%25.5%17.5%1.1%-0.2%116.4M-2.64B-12.0M0.774.24N/AN/A66,22551,060605,229616,645
2017-10-27$101.62$97.5015.4%4.6%13.8%17.6%17.0%0.9%0.3%110.2M-2.62B-11.4M0.533.62N/AN/A62,22332,961624,783633,083
2017-10-30$101.48$97.5015.8%4.8%13.2%21.0%17.1%0.9%0.6%104.8M-2.42B-11.6M0.532.98N/AN/A41,02021,580605,412620,010
2017-10-31$100.63$97.5015.8%4.7%13.6%20.5%16.8%1.2%0.3%104.7M-2.22B-11.6M0.703.80N/AN/A30,13421,192615,848626,312