JPM Options History — March 2019

In March 2019, JPM traded between $98.92 and $107.38. ATM implied volatility averaged 19.3%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 4.2% (HV 20d: 15.1%). Max pain ranged from $100.00 to $105.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.65.

Notable Days

  • 2019-03-22: Highest Volume — 133,069 contracts
  • 2019-03-22: Largest IV spike — 17.2% change
  • 2019-03-22: Highest IV Rank — 36.7%
  • 2019-03-22: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$103.25$98.92$107.38$104.58$101.23
Max Pain$103.95$100.00$105.00$100.00$105.00
ATM IV19.3%16.5%23.2%17.8%19.7%
Expected Move5.3%4.7%6.1%4.8%5.7%
HV 20d15.1%11.1%18.3%14.9%18.3%
HV 60d18.0%17.1%20.6%20.6%17.1%
IV Rank21.0%9.9%36.7%15.1%22.9%
IV Percentile41.7%11.5%75.0%23.8%51.6%
Term Structure-0.2%-1.5%1.2%0.7%-0.4%
VWIV18.4%15.9%21.5%16.7%18.7%
Skew 25d4.2%2.8%5.2%2.8%3.8%
Skew 10d8.0%6.4%10.1%6.4%7.3%
Call IV 25d17.4%15.0%21.6%16.5%18.2%
Put IV 25d21.6%18.5%26.8%19.3%22.0%
Bid-Ask Spread %4.833.0219.043.903.02
Gamma HHI0.110.060.220.140.07
Net GEX23.4M-33.0M108.3M55.5M4.0M
Net DEX31.8M-667.6M790.6M-256.6M243.9M
Net VEX-11.1M-11.4M-10.6M-11.4M-11.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.341.100.580.52
Total Volume58,857.76228,064133,06963,28260,469
Total OI688,527.905565,847749,044733,198718,276

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$104.58$100.0017.8%4.8%14.9%15.1%16.7%2.8%0.7%55.5M-256.6M-11.4M0.583.90N/AN/A40,13723,145410,640322,558
2019-03-04$104.12$100.0019.3%5.4%14.9%21.2%18.4%4.4%0.8%42.3M-145.1M-11.2M0.4419.04N/AN/A36,02115,756392,435311,515
2019-03-05$104.49$100.0018.7%4.9%14.9%18.7%16.5%4.3%1.0%46.3M-208.3M-11.2M0.343.97N/AN/A31,27710,529395,850315,201
2019-03-06$103.74$102.0018.8%5.1%15.1%19.2%18.3%4.7%1.2%24.1M-48.3M-11.1M1.103.66N/AN/A20,51722,564399,587318,686
2019-03-07$102.84$103.0020.0%5.5%15.4%24.1%19.3%4.9%0.8%-4.6M165.3M-11.0M1.033.67N/AN/A22,44823,224405,814324,574
2019-03-08$102.92$103.0020.1%5.2%14.3%24.3%17.9%4.6%0.8%-17.5M129.0M-11.2M0.633.36N/AN/A27,69017,358407,769331,965
2019-03-11$104.35$105.0018.6%5.2%14.1%18.4%17.9%4.2%-0.9%55.8M-222.4M-11.0M0.634.93N/AN/A26,98016,938393,241314,226
2019-03-12$103.94$105.0018.4%5.0%14.3%17.5%17.3%4.2%-0.8%45.8M-103.6M-10.9M0.923.78N/AN/A14,64113,423397,469319,596
2019-03-13$104.38$105.0018.2%4.9%13.4%16.9%17.3%4.1%-1.3%64.0M-183.8M-10.9M0.665.00N/AN/A23,33415,457401,391323,257
2019-03-14$105.42$105.0017.5%4.9%13.5%14.1%16.9%4.2%-0.8%108.3M-535.8M-11.1M0.974.87N/AN/A22,91222,147409,424327,535
2019-03-15$105.74$105.0016.5%4.7%13.4%9.9%15.9%3.5%0.1%58.3M-667.6M-11.0M0.434.85N/AN/A49,86021,337413,806335,238
2019-03-18$107.38$105.0017.1%5.0%11.1%12.3%17.3%3.7%-0.6%54.3M-539.0M-11.2M0.413.54N/AN/A40,09216,497284,431281,416
2019-03-19$106.62$105.0017.7%5.1%11.4%14.7%17.0%3.7%-0.7%45.0M-403.2M-11.3M0.563.73N/AN/A30,42116,917295,339286,125
2019-03-20$104.80$105.0018.8%5.2%13.0%19.3%19.3%4.0%-0.6%13.3M-22.4M-11.4M0.744.18N/AN/A34,50025,643303,456294,451
2019-03-21$102.77$105.0019.8%5.3%14.7%23.3%19.7%4.2%-0.4%-9.9M341.2M-11.1M0.704.14N/AN/A58,08240,430317,647301,548
2019-03-22$99.70$105.0023.2%6.1%18.0%36.7%21.5%5.2%-1.5%-32.0M782.1M-10.8M0.794.93N/AN/A74,14958,920334,981315,640
2019-03-25$98.92$105.0022.5%5.9%17.4%33.9%20.9%4.8%-0.5%-33.0M790.6M-10.6M0.684.06N/AN/A51,41034,917332,429319,608
2019-03-26$99.59$105.0021.0%5.8%17.8%28.0%20.1%4.2%-0.2%-23.5M642.3M-10.9M0.424.36N/AN/A45,03518,808350,590333,349
2019-03-27$100.06$105.0020.8%5.8%18.0%27.3%20.1%4.1%-0.2%-9.1M524.6M-11.2M0.573.77N/AN/A37,63321,346365,538339,107
2019-03-28$100.67$105.0020.0%5.8%18.1%24.0%19.4%4.0%0.1%3.1M384.7M-11.3M0.544.70N/AN/A34,35918,690373,556339,822
2019-03-29$101.23$105.0019.7%5.7%18.3%22.9%18.7%3.8%-0.4%4.0M243.9M-11.3M0.523.02N/AN/A39,86820,601374,689343,587