JPM Options History — April 2019

In April 2019, JPM traded between $104.49 and $116.42. ATM implied volatility averaged 17.2%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded below realized volatility by 5.1% (HV 20d: 22.4%). Max pain ranged from $100.00 to $110.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.57.

Notable Days

  • 2019-04-12: Highest Volume — 241,240 contracts
  • 2019-04-12: Largest IV drop — 17.1% change
  • 2019-04-09: Highest IV Rank — 22.8%
  • 2019-04-09: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$109.99$104.49$116.42$104.49$115.74
Max Pain$105.81$100.00$110.00$100.00$110.00
ATM IV17.2%15.1%19.7%19.1%15.4%
Expected Move4.9%4.3%5.6%5.3%4.4%
HV 20d22.4%20.2%26.5%21.7%20.2%
HV 60d18.0%16.5%19.2%17.8%19.2%
IV Rank13.0%4.6%22.8%20.6%5.6%
IV Percentile24.4%4.8%54.0%44.0%6.0%
Term Structure-0.0%-0.4%0.4%-0.4%0.2%
VWIV17.4%15.7%20.2%18.6%16.6%
Skew 25d2.9%2.4%3.4%3.3%2.7%
Skew 10d6.0%5.5%6.9%6.7%5.5%
Call IV 25d16.1%14.2%18.5%17.7%14.2%
Put IV 25d19.0%16.9%21.9%21.0%16.9%
Bid-Ask Spread %7.362.1314.713.4912.02
Gamma HHI0.160.080.200.080.18
Net GEX80.6M45.8M136.5M45.8M86.8M
Net DEX-1.28B-2.34B-347.1M-366.1M-1.87B
Net VEX-12.0M-12.4M-11.7M-11.7M-12.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.291.140.291.14
Total Volume76,368.1933,743241,24090,44053,359
Total OI721,171.571680,428779,451680,428728,632

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$104.49$100.0019.1%5.3%21.7%20.6%18.6%3.3%-0.4%45.8M-366.1M-11.7M0.293.49N/AN/A69,93720,503351,079329,349
2019-04-02$105.16$100.0018.9%5.4%21.8%19.6%19.4%3.0%0.2%61.5M-513.3M-11.7M0.4411.45N/AN/A38,92217,280361,343335,653
2019-04-03$105.31$105.0019.5%5.4%21.6%21.9%20.2%3.4%0.0%59.0M-517.3M-11.9M0.302.13N/AN/A98,63229,731367,798340,748
2019-04-04$105.58$105.0019.4%5.6%21.3%21.7%18.9%2.8%-0.3%71.5M-520.6M-12.1M0.383.78N/AN/A66,36325,257362,989356,681
2019-04-05$105.26$105.0019.1%5.4%21.4%20.2%19.6%2.9%-0.1%60.7M-483.2M-12.0M0.472.61N/AN/A42,11119,761370,945358,642
2019-04-08$105.58$105.0019.0%5.5%20.9%20.0%18.3%3.2%0.4%58.7M-515.9M-12.1M0.533.41N/AN/A22,25511,898348,715334,783
2019-04-09$104.76$105.0019.7%5.6%21.0%22.8%18.5%3.3%-0.2%52.1M-347.1M-12.0M0.662.62N/AN/A28,27218,660356,376338,936
2019-04-10$105.58$105.0019.5%5.6%21.2%21.9%20.0%3.3%-0.0%67.4M-556.5M-12.1M1.143.44N/AN/A27,25631,037367,497344,365
2019-04-11$106.33$105.0019.3%5.5%21.0%21.1%18.4%3.1%-0.2%82.1M-733.6M-12.2M0.624.35N/AN/A72,75345,259375,435356,637
2019-04-12$110.92$105.0016.0%4.6%25.7%8.0%16.1%2.6%0.3%136.5M-2.02B-11.7M0.434.11N/AN/A168,67572,565389,298372,399
2019-04-15$109.73$105.0016.4%4.7%25.7%9.6%16.6%2.6%-0.0%107.7M-1.31B-12.0M0.414.71N/AN/A58,37924,166372,627354,623
2019-04-16$111.03$105.0015.9%4.6%25.7%7.5%15.7%2.7%-0.2%126.2M-1.70B-12.1M0.504.88N/AN/A47,75523,902383,489366,332
2019-04-17$114.38$105.0016.0%4.6%26.5%7.9%16.4%2.8%-0.0%89.6M-2.34B-11.9M0.4610.88N/AN/A71,71433,021382,673375,275
2019-04-18$113.59$105.0015.1%4.3%25.3%4.6%15.8%2.4%0.2%73.5M-2.16B-12.1M0.535.70N/AN/A56,01029,830391,500387,951
2019-04-22$113.83$105.0015.5%4.4%21.7%6.2%15.9%2.8%-0.4%84.9M-1.74B-12.0M0.7513.43N/AN/A21,10715,860347,469338,610
2019-04-23$113.87$107.0015.7%4.5%21.1%6.9%16.2%2.8%-0.4%84.0M-1.73B-12.1M0.6614.71N/AN/A29,74619,719352,088345,780
2019-04-24$114.03$110.0015.7%4.5%21.2%6.8%16.6%2.8%-0.3%88.5M-1.77B-12.3M0.6512.54N/AN/A20,44413,299364,785355,719
2019-04-25$113.97$110.0015.6%4.5%21.4%6.6%16.1%2.9%0.1%90.9M-1.75B-12.4M0.5213.14N/AN/A25,08113,133368,942361,810
2019-04-26$114.30$110.0015.5%4.4%21.4%6.2%15.8%2.8%0.1%80.5M-1.86B-12.4M0.6712.06N/AN/A22,41915,081377,186366,636
2019-04-29$116.42$110.0015.8%4.7%21.8%7.3%16.3%2.6%0.3%84.0M-2.03B-11.9M0.499.09N/AN/A55,37327,207349,058353,750
2019-04-30$115.74$110.0015.4%4.4%20.2%5.6%16.6%2.7%0.2%86.8M-1.87B-12.3M1.1412.02N/AN/A24,96528,394361,947366,685