JPM Options History — October 2019

In October 2019, JPM traded between $111.88 and $126.83. ATM implied volatility averaged 19.6%, placing in the 21.2% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded below realized volatility by 2.3% (HV 20d: 21.9%). Max pain ranged from $115.00 to $120.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 0.85.

Notable Days

  • 2019-10-15: Highest Volume — 328,087 contracts
  • 2019-10-15: Largest IV drop — 15.2% change
  • 2019-10-08: Highest IV Rank — 40.9%
  • 2019-10-08: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$119.64$111.88$126.83$115.81$124.44
Max Pain$115.91$115.00$120.00$115.00$120.00
ATM IV19.6%16.0%24.5%21.4%16.6%
Expected Move5.6%4.6%7.3%6.2%4.8%
HV 20d21.9%18.3%24.9%18.3%21.1%
HV 60d23.5%21.8%24.6%21.8%22.9%
IV Rank21.2%6.7%40.9%28.4%9.0%
IV Percentile39.9%9.5%83.3%64.7%12.7%
Term Structure-0.1%-1.3%1.2%-0.1%0.6%
VWIV20.1%16.7%24.8%21.6%16.9%
Skew 25d4.8%3.6%6.4%4.9%3.6%
Skew 10d9.9%7.3%12.4%9.7%8.2%
Call IV 25d17.7%14.6%22.0%19.9%14.9%
Put IV 25d22.4%18.4%27.9%24.8%18.5%
Bid-Ask Spread %7.152.8614.036.535.31
Gamma HHI0.160.080.580.120.14
Net GEX85.2M-10.4M458.2M12.6M64.8M
Net DEX-992.6M-2.35B676.4M-41.5M-1.57B
Net VEX-14.6M-15.1M-14.0M-14.4M-14.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.331.640.630.63
Total Volume76,159.08727,792328,08754,87457,386
Total OI915,815.391854,084988,028867,214954,607

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-10-01$115.81$115.0021.4%6.2%18.3%28.4%21.6%4.9%-0.1%12.6M-41.5M-14.4M0.636.53N/AN/A33,61821,256374,894492,320
2019-10-02$113.42$115.0023.7%6.9%19.7%37.6%22.8%5.3%-0.4%-10.0M445.9M-14.4M0.467.95N/AN/A71,36332,873384,235495,342
2019-10-03$111.88$115.0024.5%7.2%18.8%40.8%24.8%6.4%-0.7%-10.4M676.4M-14.8M1.6411.18N/AN/A25,47641,702390,711498,933
2019-10-04$114.51$115.0021.2%6.1%20.6%27.6%22.0%5.4%-0.3%21.2M87.4M-14.9M0.568.33N/AN/A34,59019,364395,532510,196
2019-10-07$114.76$115.0021.6%6.2%18.4%29.4%21.5%5.3%0.2%29.1M561.2K-14.8M0.965.29N/AN/A16,04115,330381,220491,419
2019-10-08$112.07$115.0024.5%7.3%19.7%40.9%24.4%5.6%1.0%-4.3M523.8M-14.7M0.758.25N/AN/A35,92227,103385,123494,882
2019-10-09$112.67$115.0023.1%6.3%19.9%35.4%22.5%5.9%-1.3%3.4M329.0M-14.9M0.5514.03N/AN/A17,9739,819397,876500,717
2019-10-10$114.19$115.0022.9%6.4%20.1%34.7%22.6%5.7%-0.6%34.2M-43.2M-15.0M0.929.80N/AN/A33,56330,831402,798500,946
2019-10-11$116.97$115.0022.1%6.5%21.0%31.3%21.7%4.9%1.2%82.2M-696.5M-15.1M0.6711.75N/AN/A49,83633,558406,856504,889
2019-10-14$116.31$115.0021.7%6.2%20.8%29.6%23.0%5.4%-0.8%55.4M-434.6M-14.7M1.189.78N/AN/A42,27649,783391,570489,741
2019-10-15$120.27$115.0018.4%5.3%24.1%16.3%19.2%4.6%0.1%133.3M-1.47B-14.4M0.336.55N/AN/A247,23580,852407,750517,858
2019-10-16$119.85$115.0018.1%5.2%23.8%15.0%20.1%4.6%0.2%170.3M-1.33B-14.5M0.666.87N/AN/A39,54526,243439,051533,837
2019-10-17$120.59$115.0017.5%5.0%23.8%12.9%18.7%4.5%-0.4%232.9M-1.59B-14.4M0.587.99N/AN/A41,31923,807445,815535,410
2019-10-18$120.94$115.0018.0%5.2%23.8%14.8%18.4%4.9%-0.3%458.2M-1.73B-14.4M0.736.97N/AN/A38,44028,117448,147539,881
2019-10-21$123.65$115.0017.9%5.1%24.9%14.5%19.0%4.6%-0.7%86.9M-1.72B-14.0M1.173.94N/AN/A51,98060,702374,668479,416
2019-10-22$124.67$115.0017.8%5.1%24.3%14.0%19.1%4.5%-0.1%83.3M-1.93B-14.4M1.465.50N/AN/A42,52362,158389,311508,411
2019-10-23$124.67$115.0017.5%4.9%24.3%12.7%18.6%4.3%-0.4%83.2M-1.89B-14.7M0.695.15N/AN/A28,99720,066401,405523,009
2019-10-24$125.06$115.0016.9%4.7%24.1%10.2%17.6%4.0%-0.4%93.6M-1.99B-14.6M1.024.13N/AN/A22,86623,242407,626530,052
2019-10-25$126.26$117.0016.5%4.6%24.2%8.8%17.2%3.8%-0.3%93.3M-2.35B-14.4M0.723.95N/AN/A34,34024,894413,318537,911
2019-10-28$126.83$119.0016.3%4.7%24.2%8.0%17.7%3.8%0.4%87.2M-2.22B-14.1M0.722.86N/AN/A33,03623,826395,892516,212
2019-10-29$126.19$120.0016.5%4.7%23.2%8.7%17.3%3.8%0.5%84.0M-2.01B-14.6M1.416.31N/AN/A23,92333,823400,887525,892
2019-10-30$125.67$120.0016.0%4.6%21.5%6.7%16.7%3.8%0.5%75.4M-1.88B-14.9M1.215.93N/AN/A18,12321,939409,030538,158
2019-10-31$124.44$120.0016.6%4.8%21.1%9.0%16.9%3.6%0.6%64.8M-1.57B-14.9M0.635.31N/AN/A35,30422,082413,603541,004