JPM Options History — February 2020

In February 2020, JPM traded between $113.32 and $138.18. ATM implied volatility averaged 23.2%, placing in the 56.2% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 1.7% (HV 20d: 21.5%). Max pain ranged from $130.00 to $135.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.90.

Notable Days

  • 2020-02-28: Highest Volume — 99,657 contracts
  • 2020-02-28: Largest IV spike — 44.1% change
  • 2020-02-25: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$133.65$113.32$138.18$133.45$113.32
Max Pain$130.79$130.00$135.00$135.00$130.00
ATM IV23.2%17.2%52.1%21.2%52.1%
Expected Move6.6%4.9%16.4%5.7%16.4%
HV 20d21.5%18.3%37.2%19.5%37.2%
HV 60d17.6%15.9%26.4%15.9%26.4%
IV Rank56.2%26.9%100.0%57.2%100.0%
IV Percentile68.7%28.2%100.0%82.1%100.0%
Term Structure-0.5%-2.6%0.5%-0.4%-2.6%
VWIV23.6%18.0%56.8%20.2%56.8%
Skew 25d5.7%3.8%11.6%5.4%11.6%
Skew 10d11.3%7.9%19.9%11.1%12.6%
Call IV 25d21.1%16.3%49.0%19.0%49.0%
Put IV 25d26.8%20.3%60.6%24.4%60.6%
Bid-Ask Spread %5.062.4315.972.4315.97
Gamma HHI0.120.070.180.090.07
Net GEX43.8M-33.2M102.7M30.1M-23.1M
Net DEX-512.4M-1.40B2.05B-343.3M2.05B
Net VEX-16.0M-17.2M-14.7M-16.3M-14.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.571.500.780.69
Total Volume53,330.52630,77099,65739,43899,657
Total OI926,347.789875,978958,702882,333947,698

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$133.45$135.0021.2%5.7%19.5%57.2%20.2%5.4%-0.4%30.1M-343.3M-16.3M0.782.43N/AN/A22,18817,250463,394418,939
2020-02-04$135.67$135.0019.7%5.3%20.5%45.5%18.8%4.8%-0.3%71.3M-886.3M-16.7M1.383.07N/AN/A23,05531,891473,975429,893
2020-02-05$137.53$135.0019.6%5.1%20.6%45.4%18.6%4.3%-0.5%102.7M-1.37B-17.2M0.893.06N/AN/A32,61228,922479,428444,995
2020-02-06$137.83$130.0019.3%5.1%20.4%43.0%18.2%4.4%-0.5%94.8M-1.40B-17.1M0.796.16N/AN/A21,36716,956484,709457,733
2020-02-07$137.60$130.0019.4%5.2%20.4%43.3%19.9%4.3%-0.4%89.8M-1.29B-16.8M0.695.59N/AN/A20,39214,136484,160460,784
2020-02-10$137.50$130.0019.9%5.7%20.1%47.7%20.8%4.4%0.2%77.4M-1.17B-16.7M1.505.20N/AN/A13,42620,080466,938446,564
2020-02-11$138.11$130.0019.4%5.2%20.0%44.0%20.0%4.2%-1.4%88.2M-1.34B-16.4M1.263.83N/AN/A13,61017,160470,850453,478
2020-02-12$138.18$130.0018.1%4.9%19.4%33.9%18.8%3.8%-1.1%94.6M-1.36B-16.0M0.573.59N/AN/A20,02811,318473,922459,034
2020-02-13$137.83$130.0018.4%5.0%18.4%36.2%19.0%4.2%-1.1%79.8M-1.24B-16.0M0.813.82N/AN/A20,36916,567473,316462,944
2020-02-14$137.39$130.0018.1%5.3%18.3%33.6%18.0%4.0%0.5%58.7M-1.14B-15.8M1.014.89N/AN/A21,98122,176480,457466,547
2020-02-18$135.72$130.0018.7%5.4%18.7%38.2%18.8%4.4%-0.5%24.2M-599.0M-15.3M0.713.95N/AN/A23,80916,892465,761461,987
2020-02-19$137.67$130.0017.2%4.9%19.3%26.9%19.5%4.2%0.5%77.6M-1.16B-15.2M0.714.03N/AN/A30,85421,923470,413466,855
2020-02-20$137.40$130.0019.5%5.7%19.3%44.5%18.9%4.6%-1.2%62.9M-1.08B-15.5M1.186.25N/AN/A18,81622,295476,672474,025
2020-02-21$135.33$130.0020.6%5.9%20.1%52.7%20.8%5.3%-0.4%-33.2M-512.9M-15.5M1.014.31N/AN/A42,89843,283480,734477,968
2020-02-24$132.65$130.0024.9%7.3%19.1%85.4%25.5%7.0%0.1%9.5M-73.3M-15.8M0.893.17N/AN/A37,24733,177438,843437,135
2020-02-25$126.54$130.0029.6%8.9%25.3%100.0%31.0%9.2%-0.1%-22.5M910.3M-15.4M0.887.22N/AN/A42,39437,167451,055445,463
2020-02-26$127.01$130.0028.1%8.4%24.3%90.1%27.9%7.3%0.4%-24.0M866.8M-15.5M0.593.59N/AN/A44,31626,054461,795454,492
2020-02-27$122.58$130.0036.1%10.6%26.9%100.0%37.4%10.4%-0.8%-25.7M1.40B-15.4M0.826.10N/AN/A36,82530,189477,602460,050
2020-02-28$113.32$130.0052.1%16.4%37.2%100.0%56.8%11.6%-2.6%-23.1M2.05B-14.7M0.6915.97N/AN/A59,14240,515484,341463,357