JPM Options History — January 2019

In January 2019, JPM traded between $97.38 and $104.44. ATM implied volatility averaged 22.7%, placing in the 34.8% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 0.2% (HV 20d: 22.6%). Max pain ranged from $100.00 to $105.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.73.

Notable Days

  • 2019-01-15: Highest Volume — 150,974 contracts
  • 2019-01-15: Largest IV drop — 14.3% change
  • 2019-01-03: Highest IV Rank — 71.1%
  • 2019-01-02: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$101.92$97.38$104.44$99.23$103.19
Max Pain$100.24$100.00$105.00$105.00$100.00
ATM IV22.7%18.0%31.9%29.7%18.8%
Expected Move6.5%5.1%9.1%9.1%5.3%
HV 20d22.6%18.4%26.2%25.6%18.4%
HV 60d23.5%22.2%25.0%23.8%22.3%
IV Rank34.8%16.1%71.1%62.4%19.1%
IV Percentile58.6%25.8%96.0%94.4%33.3%
Term Structure-0.0%-1.1%1.3%-1.0%0.5%
VWIV23.7%17.6%46.4%46.4%18.2%
Skew 25d4.6%3.4%6.5%6.1%3.4%
Skew 10d9.5%7.0%13.7%12.7%7.0%
Call IV 25d20.8%16.6%29.2%27.1%17.2%
Put IV 25d25.4%20.3%35.7%33.2%20.6%
Bid-Ask Spread %3.752.575.884.602.74
Gamma HHI0.100.060.130.080.13
Net GEX23.8M-27.7M61.3M-13.8M36.7M
Net DEX51.0M-531.1M959.6M712.0M-127.2M
Net VEX-10.1M-11.4M-9.2M-9.2M-11.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.271.590.310.54
Total Volume66,251.66710,203150,974108,23558,568
Total OI771,249.381534,409954,913819,046666,111

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$99.23$105.0029.7%9.1%25.6%62.4%46.4%6.1%-1.0%-13.8M712.0M-9.2M0.314.60N/AN/A82,52525,710370,025449,021
2019-01-03$97.38$100.0031.9%9.0%22.4%71.1%29.2%6.5%-1.1%-27.7M959.6M-9.2M1.094.59N/AN/A33,46036,475368,780455,654
2019-01-04$100.67$100.0028.4%8.0%26.2%57.5%27.9%5.9%-0.6%-5.3M360.0M-9.7M0.735.46N/AN/A62,37945,638373,823459,173
2019-01-07$100.99$100.0028.3%8.0%25.5%57.0%28.0%5.6%-0.3%-2.8M277.8M-9.8M0.274.89N/AN/A33,0208,894373,542448,204
2019-01-08$100.56$100.0027.4%7.7%25.2%53.3%26.9%5.3%-0.3%362.6K290.6M-10.0M0.515.88N/AN/A25,33512,985400,668449,659
2019-01-09$100.40$100.0026.3%7.4%24.0%48.9%27.7%5.0%-0.6%164.4K319.1M-9.8M1.593.67N/AN/A16,01325,475400,891452,884
2019-01-10$100.67$100.0025.4%7.2%23.9%45.2%25.3%5.0%-0.2%1.6M315.5M-9.7M1.083.49N/AN/A20,67622,330404,638466,078
2019-01-11$100.09$100.0024.9%7.0%23.8%43.4%26.2%4.8%-0.9%-7.3M407.8M-9.6M0.913.45N/AN/A30,35827,759410,277469,471
2019-01-14$101.13$100.0024.5%7.0%24.1%41.9%23.5%4.8%-1.1%4.8M233.7M-9.5M0.702.57N/AN/A49,49634,682401,768467,905
2019-01-15$101.90$100.0021.0%6.0%24.0%27.9%20.9%4.2%-0.9%44.7M-15.3M-9.5M0.594.91N/AN/A94,73856,236429,667480,511
2019-01-16$102.90$100.0018.8%5.4%23.4%19.0%19.9%4.0%0.7%59.0M-273.5M-9.9M0.663.48N/AN/A53,61335,471443,951492,388
2019-01-17$102.81$100.0018.5%5.3%23.4%18.0%19.0%4.2%1.0%52.8M-228.3M-9.9M0.383.10N/AN/A62,13323,588451,553496,238
2019-01-18$104.44$100.0018.0%5.1%23.0%16.1%17.6%3.5%0.4%40.7M-531.1M-10.0M0.482.80N/AN/A62,00029,537452,186502,727
2019-01-22$102.45$100.0020.3%6.1%23.8%25.2%22.1%4.0%0.5%30.2M-77.3M-9.9M0.824.67N/AN/A27,35922,351281,978252,431
2019-01-23$102.69$100.0019.9%5.9%22.0%23.5%21.0%4.0%0.7%33.8M-103.1M-10.2M0.533.00N/AN/A44,96723,702293,779264,821
2019-01-24$102.76$100.0019.4%5.6%20.9%21.5%20.8%4.1%0.8%40.4M-138.5M-10.5M0.703.17N/AN/A19,12413,454315,511275,323
2019-01-25$103.40$100.0018.7%5.4%18.6%18.9%19.0%3.8%1.3%44.2M-273.1M-10.6M0.992.98N/AN/A31,26831,102330,049281,186
2019-01-28$103.90$100.0018.7%5.3%18.6%18.7%19.0%4.1%0.6%50.1M-287.5M-11.2M1.052.97N/AN/A4,9725,231323,518279,837
2019-01-29$104.30$100.0019.4%5.4%18.6%21.5%18.8%4.1%-0.1%55.3M-366.6M-11.4M0.712.83N/AN/A20,87614,787331,628291,659
2019-01-30$104.39$100.0019.2%5.4%18.5%20.9%20.2%3.7%-0.0%61.3M-384.7M-11.4M0.643.39N/AN/A38,42424,574338,619298,105
2019-01-31$103.19$100.0018.8%5.3%18.4%19.1%18.2%3.4%0.5%36.7M-127.2M-11.3M0.542.74N/AN/A38,14420,424360,056306,055