JPM Options History — August 2019

In August 2019, JPM traded between $105.01 and $113.19. ATM implied volatility averaged 22.6%, placing in the 33.6% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 1.3% (HV 20d: 23.9%). Max pain ranged from $110.00 to $115.00. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 1.03.

Notable Days

  • 2019-08-14: Highest Volume — 105,466 contracts
  • 2019-08-05: Largest IV spike — 24.7% change
  • 2019-08-14: Highest IV Rank — 50.6%
  • 2019-08-14: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$108.46$105.01$113.19$113.19$109.58
Max Pain$110.45$110.00$115.00$115.00$110.00
ATM IV22.6%19.2%26.8%19.2%21.5%
Expected Move6.4%5.5%7.6%5.6%6.1%
HV 20d23.9%15.8%29.3%16.0%29.3%
HV 60d20.4%18.4%21.9%18.4%21.4%
IV Rank33.6%20.8%50.6%20.8%29.0%
IV Percentile73.0%46.8%90.5%46.8%67.9%
Term Structure0.0%-1.6%1.1%-0.5%0.9%
VWIV22.8%18.6%25.9%18.6%22.2%
Skew 25d6.6%4.4%8.0%4.4%6.8%
Skew 10d12.8%9.1%16.1%9.1%13.6%
Call IV 25d19.7%17.1%23.6%17.2%18.5%
Put IV 25d26.2%21.6%31.2%21.6%25.3%
Bid-Ask Spread %6.103.959.347.838.33
Gamma HHI0.090.070.160.120.08
Net GEX-26.5M-96.3M22.6M22.6M-4.9M
Net DEX808.5M-13.2M1.60B-13.2M399.0M
Net VEX-14.2M-14.7M-13.7M-14.7M-14.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.491.960.611.45
Total Volume52,009.86416,623105,46660,07749,035
Total OI882,062.136834,215935,451843,003935,451

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$113.19$115.0019.2%5.6%16.0%20.8%18.6%4.4%-0.5%22.6M-13.2M-14.7M0.617.83N/AN/A37,40622,671377,193465,810
2019-08-02$113.03$115.0019.3%5.5%15.8%21.0%19.6%5.2%0.1%20.7M53.8M-14.7M1.319.34N/AN/A25,63933,502382,703469,361
2019-08-05$109.76$110.0024.0%6.7%18.9%39.9%23.8%7.1%-0.5%-19.3M688.8M-14.6M0.827.98N/AN/A36,64830,213369,696464,559
2019-08-06$110.19$110.0022.0%6.2%18.9%32.1%21.8%6.3%0.0%-17.1M606.0M-14.4M0.996.28N/AN/A27,25226,985382,330474,052
2019-08-07$108.06$110.0023.5%6.2%20.0%37.7%23.2%6.4%-0.5%-46.0M1.07B-14.2M0.934.68N/AN/A39,85337,172387,689484,348
2019-08-08$110.01$110.0020.3%6.0%20.8%24.7%22.5%5.7%0.5%-23.7M560.7M-14.5M0.835.57N/AN/A29,21924,159397,989488,751
2019-08-09$110.26$110.0021.4%6.1%20.4%28.8%23.0%5.9%0.1%-15.7M456.6M-14.7M1.965.33N/AN/A17,24233,824407,498495,306
2019-08-12$107.69$110.0024.2%6.5%21.4%40.2%25.1%6.8%-1.6%-43.0M1.07B-14.3M1.124.48N/AN/A19,23421,608389,803489,159
2019-08-13$109.24$110.0022.3%6.1%21.2%32.4%21.7%6.3%-0.9%-35.5M719.1M-14.4M0.735.61N/AN/A24,53617,863395,470496,091
2019-08-14$105.01$110.0026.8%7.6%24.8%50.6%25.3%7.6%-0.6%-57.2M1.60B-13.7M0.887.37N/AN/A55,97749,489397,779499,893
2019-08-15$105.12$110.0025.7%7.3%24.6%46.2%25.9%7.3%-0.4%-52.5M1.45B-13.7M1.374.69N/AN/A32,19244,009410,695493,834
2019-08-16$107.49$110.0023.3%6.9%26.4%36.4%22.7%6.6%1.1%-31.1M974.6M-14.1M0.786.37N/AN/A24,31519,017418,569507,865
2019-08-19$108.88$110.0020.6%5.9%26.9%25.6%20.4%5.9%0.4%-12.2M599.4M-14.0M0.845.63N/AN/A23,09819,427363,517470,698
2019-08-20$107.69$110.0021.2%6.1%26.0%28.2%24.8%6.2%0.1%-23.5M863.6M-13.9M1.534.03N/AN/A13,74820,976373,448484,546
2019-08-21$107.69$110.0020.6%5.9%25.9%25.7%20.6%6.1%0.1%-29.4M881.1M-13.8M1.716.77N/AN/A15,30826,192375,043498,928
2019-08-22$108.94$110.0021.0%6.0%26.4%27.2%21.2%6.4%0.2%-15.6M629.2M-14.4M0.897.38N/AN/A16,09414,314378,034514,633
2019-08-23$105.76$110.0024.6%7.1%27.9%41.8%24.2%7.3%-0.3%-96.3M1.34B-13.9M0.867.52N/AN/A23,74020,353381,596515,649
2019-08-26$106.53$110.0024.6%7.1%28.2%41.5%24.7%7.4%0.3%-35.8M1.11B-14.0M0.824.47N/AN/A9,1167,507366,719501,321
2019-08-27$105.77$110.0024.8%7.1%28.2%42.1%25.1%8.0%0.6%-41.8M1.26B-13.8M0.855.72N/AN/A26,13022,109373,162507,363
2019-08-28$106.81$110.0023.5%6.8%28.6%36.8%23.3%7.3%0.5%-33.4M1.05B-14.1M0.493.95N/AN/A36,97418,094382,100516,244
2019-08-29$109.49$110.0022.1%6.3%29.3%31.2%21.0%7.1%0.6%8.0M415.4M-14.4M0.954.77N/AN/A26,64225,335398,303522,169
2019-08-30$109.58$110.0021.5%6.1%29.3%29.0%22.2%6.8%0.9%-4.9M399.0M-14.6M1.458.33N/AN/A19,98929,046403,089532,362