JPM Options History — July 2019

In July 2019, JPM traded between $112.47 and $116.76. ATM implied volatility averaged 16.4%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded below realized volatility by 0.3% (HV 20d: 16.7%). Max pain ranged from $110.00 to $115.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.69.

Notable Days

  • 2019-07-16: Highest Volume — 158,136 contracts
  • 2019-07-16: Largest IV drop — 8.9% change
  • 2019-07-12: Highest IV Rank — 16.5%
  • 2019-07-01: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$114.58$112.47$116.76$113.73$116.01
Max Pain$112.45$110.00$115.00$110.00$115.00
ATM IV16.4%14.3%18.1%18.0%15.9%
Expected Move4.7%4.1%5.2%5.2%4.6%
HV 20d16.7%13.9%20.2%20.2%13.9%
HV 60d19.1%18.0%20.8%20.6%18.3%
IV Rank9.9%1.5%16.5%16.0%7.8%
IV Percentile16.6%1.6%32.5%28.2%14.7%
Term Structure-0.1%-0.9%0.6%-0.1%-0.1%
VWIV17.1%14.5%21.7%19.7%16.3%
Skew 25d3.3%2.8%3.8%3.8%3.4%
Skew 10d7.2%6.4%8.3%8.1%7.3%
Call IV 25d15.2%13.2%17.2%16.9%14.5%
Put IV 25d18.5%16.2%20.7%20.7%17.9%
Bid-Ask Spread %6.362.8911.805.4211.80
Gamma HHI0.160.110.260.110.16
Net GEX106.7M26.4M205.2M72.9M85.2M
Net DEX-677.4M-1.23B-151.4M-597.3M-764.7M
Net VEX-14.0M-14.6M-13.4M-13.5M-14.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.181.890.570.88
Total Volume67,172.09124,888158,13670,00840,750
Total OI807,808.364710,201937,890719,871828,582

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$113.73$110.0018.0%5.2%20.2%16.0%19.7%3.8%-0.1%72.9M-597.3M-13.5M0.575.42N/AN/A44,61125,397332,258387,613
2019-07-02$113.80$110.0016.9%4.9%16.8%11.5%21.7%3.6%-0.0%73.6M-581.7M-13.4M0.187.03N/AN/A94,60016,631343,074397,481
2019-07-03$112.47$110.0017.7%5.2%17.4%14.9%18.0%3.7%-0.2%26.4M-151.4M-13.5M0.283.93N/AN/A33,9289,602323,249406,572
2019-07-05$113.38$110.0018.0%4.9%17.6%16.1%18.6%3.4%-0.3%50.4M-378.0M-13.6M0.474.38N/AN/A26,26412,284327,486413,534
2019-07-08$112.99$110.0017.7%4.8%17.1%14.9%18.2%3.4%-0.9%54.4M-352.2M-13.5M1.893.57N/AN/A15,07828,535318,921391,280
2019-07-09$113.33$110.0018.0%4.9%16.6%16.1%18.3%3.6%-0.8%59.5M-382.6M-13.5M1.262.89N/AN/A16,93421,382323,922407,663
2019-07-10$112.88$110.0017.4%4.7%16.7%13.8%16.8%3.3%-0.9%47.5M-278.0M-13.5M0.535.52N/AN/A24,03912,624328,433418,502
2019-07-11$113.94$110.0017.8%5.0%15.7%15.3%17.9%3.2%-0.6%82.9M-540.0M-13.5M0.504.31N/AN/A55,97228,179335,634421,973
2019-07-12$115.17$115.0018.1%5.1%16.0%16.5%17.5%3.1%-0.7%158.9M-941.7M-13.9M0.374.12N/AN/A83,35130,489365,282433,097
2019-07-15$113.62$115.0018.0%5.1%16.9%16.0%19.0%2.8%0.1%98.9M-555.7M-13.7M0.536.56N/AN/A93,82349,279382,210430,623
2019-07-16$115.42$115.0016.4%4.7%17.3%9.7%17.5%3.2%-0.1%200.5M-1.12B-14.1M0.673.23N/AN/A94,62163,515421,092457,735
2019-07-17$114.08$110.0015.5%4.4%17.3%6.0%16.1%3.3%0.6%131.3M-531.9M-14.0M0.496.61N/AN/A65,64632,049423,598470,424
2019-07-18$114.67$110.0015.4%4.4%16.9%5.8%15.9%3.5%0.0%205.2M-813.7M-14.4M0.457.06N/AN/A36,04216,277445,123485,267
2019-07-19$114.08$115.0015.0%4.3%17.1%4.3%15.4%3.5%0.5%113.9M-545.3M-14.4M0.676.93N/AN/A33,17222,209449,109488,781
2019-07-22$114.33$110.0015.3%4.4%17.1%5.2%15.4%3.4%0.2%103.9M-486.5M-14.3M0.705.96N/AN/A22,95116,039373,307426,553
2019-07-23$116.33$114.0015.0%4.4%17.1%4.1%15.5%3.1%0.1%166.5M-1.13B-14.4M0.848.53N/AN/A42,89735,974383,217435,163
2019-07-24$116.76$115.0014.3%4.1%16.5%1.5%15.0%3.0%0.1%172.4M-1.23B-14.4M0.908.99N/AN/A19,33517,346388,175448,824
2019-07-25$115.87$115.0015.1%4.4%17.0%4.6%15.8%3.0%0.2%180.2M-889.6M-14.6M0.737.13N/AN/A40,56329,749395,033456,429
2019-07-26$116.26$115.0014.8%4.2%17.0%3.3%14.5%3.0%0.2%108.1M-1.11B-14.6M0.469.70N/AN/A45,33420,660398,913464,422
2019-07-29$115.99$115.0015.4%4.4%15.4%5.9%15.7%3.1%-0.3%79.9M-807.7M-14.4M1.057.81N/AN/A16,93017,837365,581450,955
2019-07-30$115.69$115.0015.9%4.6%13.9%7.6%16.7%3.3%-0.2%75.2M-710.4M-14.6M0.718.41N/AN/A14,56310,325370,001456,693
2019-07-31$116.01$115.0015.9%4.6%13.9%7.8%16.3%3.4%-0.1%85.2M-764.7M-14.5M0.8811.80N/AN/A21,67419,076370,889457,693