JPM Options History — February 2019

In February 2019, JPM traded between $100.85 and $106.08. ATM implied volatility averaged 18.7%, placing in the 18.8% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 4.0% (HV 20d: 14.8%). Max pain ranged from $100.00 to $100.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.68.

Notable Days

  • 2019-02-15: Highest Volume — 114,010 contracts
  • 2019-02-07: Largest IV spike — 15.4% change
  • 2019-02-08: Highest IV Rank — 27.4%
  • 2019-02-08: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$104.00$100.85$106.08$103.81$104.41
Max Pain$100.00$100.00$100.00$100.00$100.00
ATM IV18.7%17.4%20.9%17.9%18.1%
Expected Move5.4%4.9%6.1%5.1%5.2%
HV 20d14.8%12.2%17.3%16.7%15.5%
HV 60d21.4%20.6%22.2%22.2%20.6%
IV Rank18.8%13.5%27.4%15.8%16.4%
IV Percentile33.0%19.8%54.0%23.0%27.4%
Term Structure0.2%-0.8%1.1%0.0%0.7%
VWIV18.9%17.5%20.5%19.5%17.9%
Skew 25d3.4%2.8%3.9%3.2%3.5%
Skew 10d6.8%6.0%8.1%6.4%6.7%
Call IV 25d17.3%16.0%19.4%16.3%16.4%
Put IV 25d20.7%19.3%23.2%19.6%19.9%
Bid-Ask Spread %3.241.464.492.944.21
Gamma HHI0.130.090.190.120.13
Net GEX54.4M-24.6M90.3M64.7M46.1M
Net DEX-271.1M-868.3M430.4M-276.7M-208.7M
Net VEX-11.4M-11.9M-10.8M-11.5M-11.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.381.540.800.82
Total Volume47,927.47427,897114,01048,48239,810
Total OI698,374.158649,532734,650684,274718,704

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$103.81$100.0017.9%5.1%16.7%15.8%19.5%3.2%0.0%64.7M-276.7M-11.5M0.802.94N/AN/A26,90521,577371,554312,720
2019-02-04$103.88$100.0017.5%5.0%12.4%14.1%17.5%3.6%-0.1%56.2M-295.2M-11.3M0.592.03N/AN/A19,69011,541365,171309,176
2019-02-05$104.01$100.0017.4%4.9%12.4%13.5%17.7%3.1%-0.3%64.6M-332.7M-11.4M0.601.46N/AN/A19,66711,786373,990317,317
2019-02-06$103.83$100.0017.6%5.0%12.2%14.6%18.2%3.5%-0.2%62.4M-297.0M-11.5M0.661.73N/AN/A18,98912,605378,848322,995
2019-02-07$102.19$100.0020.4%6.0%13.7%25.4%19.7%3.7%0.6%7.7M120.2M-11.3M0.612.75N/AN/A41,05724,953385,132328,351
2019-02-08$100.85$100.0020.9%6.1%14.6%27.4%20.4%3.9%0.4%-24.6M430.4M-10.9M0.512.58N/AN/A39,48620,242387,552331,566
2019-02-11$100.99$100.0020.5%5.9%14.4%26.1%19.8%3.7%-0.4%-6.2M316.5M-10.8M0.463.75N/AN/A19,5368,975374,615321,441
2019-02-12$102.48$100.0020.6%5.9%14.9%26.3%19.4%3.7%-0.8%30.4M2.4M-11.0M0.673.21N/AN/A28,06318,905379,715325,653
2019-02-13$103.38$100.0018.3%5.2%14.9%17.1%19.4%2.8%1.1%59.2M-194.9M-11.3M0.743.89N/AN/A17,81613,209383,957333,447
2019-02-14$102.88$100.0018.7%5.3%14.7%18.7%20.0%3.5%0.7%35.2M-52.6M-11.1M0.614.03N/AN/A26,92016,433384,476335,171
2019-02-15$105.59$100.0019.2%5.5%17.3%20.8%19.4%3.4%-0.4%75.5M-868.3M-11.6M0.532.01N/AN/A74,31339,697395,075339,575
2019-02-19$105.28$100.0019.6%5.7%16.5%22.3%20.5%3.4%-0.1%71.8M-475.7M-11.6M0.803.06N/AN/A34,06527,170359,823289,709
2019-02-20$105.58$100.0018.5%5.3%14.8%18.0%18.9%3.3%0.1%85.9M-585.1M-11.9M0.414.18N/AN/A29,45811,970374,402298,731
2019-02-21$105.33$100.0018.7%5.4%14.8%18.9%19.2%3.4%-0.1%82.5M-518.5M-11.8M1.043.95N/AN/A13,67814,219385,307302,430
2019-02-22$105.06$100.0018.2%5.2%14.9%16.7%17.9%3.0%-0.1%90.3M-456.5M-11.6M0.384.05N/AN/A40,07915,155388,015307,587
2019-02-25$106.08$100.0017.7%5.2%15.1%14.9%18.0%3.3%0.8%88.4M-632.3M-11.7M0.473.36N/AN/A38,71218,379380,910296,474
2019-02-26$105.35$100.0017.8%5.1%15.3%15.4%18.0%3.5%0.6%73.3M-437.5M-11.5M0.664.49N/AN/A31,36020,826392,331304,636
2019-02-27$105.08$100.0017.9%5.1%15.3%15.6%17.9%3.2%0.5%69.9M-389.5M-11.5M1.543.79N/AN/A17,07926,297400,076312,477
2019-02-28$104.41$100.0018.1%5.2%15.5%16.4%17.9%3.5%0.7%46.1M-208.7M-11.3M0.824.21N/AN/A21,89617,914402,591316,113