JPM Options History — May 2019

In May 2019, JPM traded between $105.95 and $116.10. ATM implied volatility averaged 19.8%, placing in the 23.4% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 0.1% (HV 20d: 19.8%). Max pain ranged from $110.00 to $110.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 1.11.

Notable Days

  • 2019-05-31: Highest Volume — 100,198 contracts
  • 2019-05-07: Largest IV spike — 21.4% change
  • 2019-05-31: Highest IV Rank — 38.5%
  • 2019-05-31: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$111.18$105.95$116.10$115.56$105.95
Max Pain$110.00$110.00$110.00$110.00$110.00
ATM IV19.8%15.6%23.7%15.6%23.7%
Expected Move5.7%4.5%6.6%4.7%6.6%
HV 20d19.8%17.0%22.9%20.3%19.3%
HV 60d19.8%19.0%20.9%19.2%20.9%
IV Rank23.4%6.7%38.5%6.7%38.5%
IV Percentile53.4%8.3%83.3%8.3%83.3%
Term Structure0.3%-0.1%0.8%0.4%0.4%
VWIV20.3%15.8%23.9%16.6%23.9%
Skew 25d4.6%2.7%5.8%2.7%5.4%
Skew 10d9.4%5.1%12.0%5.1%11.3%
Call IV 25d17.8%14.5%21.2%14.7%21.2%
Put IV 25d22.4%17.3%26.6%17.4%26.6%
Bid-Ask Spread %5.623.0514.1314.133.05
Gamma HHI0.120.070.210.160.13
Net GEX27.8M-60.5M142.8M78.6M-60.5M
Net DEX-607.9M-1.96B667.1M-1.82B667.1M
Net VEX-13.4M-14.2M-12.6M-12.6M-13.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.771.980.841.55
Total Volume53,680.27335,419100,19856,111100,198
Total OI796,991.636745,678838,863745,678837,749

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$115.56$110.0015.6%4.7%20.3%6.7%16.6%2.7%0.4%78.6M-1.82B-12.6M0.8414.13N/AN/A30,51125,600367,773377,905
2019-05-02$115.27$110.0016.2%4.7%20.5%9.0%16.0%3.0%-0.0%74.1M-1.72B-12.9M1.047.41N/AN/A24,35225,327375,022389,436
2019-05-03$116.10$110.0015.9%4.5%20.5%7.8%15.8%2.9%0.5%142.8M-1.96B-13.0M0.905.57N/AN/A27,07924,298382,947399,783
2019-05-06$115.16$110.0017.7%5.2%20.8%14.8%18.9%3.9%0.7%73.4M-1.58B-13.2M1.155.61N/AN/A23,64327,206365,792390,787
2019-05-07$112.63$110.0021.5%5.9%22.9%29.9%22.0%5.0%-0.1%41.8M-960.4M-14.0M1.985.43N/AN/A23,51146,475370,620402,433
2019-05-08$113.13$110.0020.6%5.6%22.5%26.2%20.8%4.6%-0.1%41.8M-1.03B-14.2M0.965.02N/AN/A19,18518,409375,080418,031
2019-05-09$112.53$110.0020.8%5.8%22.7%27.0%22.6%5.0%-0.1%31.0M-876.9M-14.2M1.225.90N/AN/A26,21632,064379,088423,699
2019-05-10$112.24$110.0019.4%5.9%22.7%21.8%20.0%4.5%0.1%28.2M-836.5M-13.9M0.803.69N/AN/A19,71315,706385,013429,343
2019-05-13$109.08$110.0023.2%6.6%20.1%36.6%23.7%5.8%-0.1%6.4M-135.5M-13.8M0.965.54N/AN/A32,94431,750370,139416,462
2019-05-14$110.40$110.0020.8%6.0%20.2%27.2%22.7%5.1%0.3%20.5M-399.3M-13.5M1.064.61N/AN/A22,63124,081378,083427,731
2019-05-15$110.01$110.0019.8%5.8%19.8%23.1%20.6%5.0%0.4%12.9M-291.1M-13.4M0.814.79N/AN/A25,76720,973384,155435,022
2019-05-16$111.34$110.0018.8%5.6%17.0%19.4%19.1%4.3%0.7%33.7M-699.1M-13.3M0.865.78N/AN/A28,12124,281390,355439,931
2019-05-17$110.74$110.0019.0%5.6%17.0%20.1%19.7%4.8%0.8%-11.3M-546.4M-13.4M0.827.13N/AN/A40,78133,387394,941443,922
2019-05-20$111.34$110.0020.1%5.8%17.1%24.5%19.7%5.0%0.1%37.8M-578.5M-13.5M1.025.34N/AN/A20,57221,052355,997403,493
2019-05-21$111.76$110.0017.4%5.0%17.2%13.8%18.7%4.2%0.8%46.6M-678.5M-13.4M0.895.36N/AN/A19,71917,572365,910416,091
2019-05-22$110.92$110.0018.1%5.2%17.3%16.6%18.0%4.4%0.3%34.5M-500.0M-13.3M0.774.83N/AN/A22,11617,050373,538418,826
2019-05-23$108.09$110.0021.9%6.3%19.4%31.6%22.5%5.4%0.1%-15.5M172.0M-13.4M1.413.33N/AN/A29,77542,119380,824422,887
2019-05-24$109.78$110.0020.0%5.7%20.3%23.8%21.7%4.9%0.6%36.4M-201.5M-13.5M1.394.82N/AN/A21,43029,878389,443432,196
2019-05-28$108.69$110.0021.2%6.0%19.0%28.9%21.5%5.3%0.3%-2.1M53.8M-13.2M1.686.90N/AN/A15,99026,846369,664424,341
2019-05-29$108.19$110.0022.3%6.3%19.0%33.2%20.6%5.4%0.1%-13.3M155.6M-13.3M1.014.75N/AN/A23,41823,544375,781431,674
2019-05-30$107.02$110.0022.4%6.3%19.2%33.5%21.4%5.1%0.3%-27.0M394.6M-13.2M1.224.67N/AN/A25,04930,627386,714435,195
2019-05-31$105.95$110.0023.7%6.6%19.3%38.5%23.9%5.4%0.4%-60.5M667.1M-13.1M1.553.05N/AN/A39,24760,951392,523445,226