JPM Options History — June 2020

In June 2020, JPM traded between $92.56 and $112.88. ATM implied volatility averaged 46.0%, placing in the 30.7% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 11.2% (HV 20d: 57.2%). Max pain ranged from $95.00 to $100.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.47.

Notable Days

  • 2020-06-11: Highest Volume — 258,333 contracts
  • 2020-06-11: Largest IV spike — 25.9% change
  • 2020-06-11: Highest IV Rank — 40.8%
  • 2020-06-11: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$100.55$92.56$112.88$98.81$94.26
Max Pain$98.41$95.00$100.00$95.00$97.00
ATM IV46.0%39.5%56.6%42.4%41.9%
Expected Move13.1%11.0%15.4%11.7%12.1%
HV 20d57.2%49.8%65.3%54.3%54.0%
HV 60d69.2%57.9%85.9%85.9%57.9%
IV Rank30.7%24.5%40.8%27.3%26.9%
IV Percentile80.7%71.8%89.7%80.2%71.8%
Term Structure-1.4%-4.1%0.4%-1.4%-0.3%
VWIV46.3%39.7%53.7%41.2%43.1%
Skew 25d5.7%1.7%11.6%9.2%3.7%
Skew 10d11.0%4.1%19.9%17.9%6.8%
Call IV 25d44.4%38.6%54.0%38.6%41.3%
Put IV 25d50.1%43.1%62.8%47.7%45.1%
Bid-Ask Spread %6.261.8518.181.853.31
Gamma HHI0.070.060.100.080.07
Net GEX22.3M-19.9M59.8M24.1M5.8M
Net DEX-14.0M-2.37B1.32B241.7M977.9M
Net VEX-19.5M-20.5M-18.3M-18.7M-18.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.270.860.410.35
Total Volume154,193.63670,503258,33370,503112,279
Total OI1,418,424.4091,217,6831,638,8741,320,7591,353,250

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$98.81$95.0042.4%11.7%54.3%27.3%41.2%9.2%-1.4%24.1M241.7M-18.7M0.411.85N/AN/A49,96220,541696,810623,949
2020-06-02$98.32$95.0044.2%12.0%54.1%29.0%41.5%8.4%-2.1%23.4M321.0M-18.6M0.862.25N/AN/A59,12950,592706,829630,598
2020-06-03$104.65$95.0043.0%11.6%58.0%27.9%41.1%7.7%-1.8%47.3M-949.1M-19.6M0.395.35N/AN/A129,02350,526722,497645,185
2020-06-04$106.22$95.0041.2%11.7%57.4%26.2%40.7%6.7%-2.5%53.9M-1.27B-19.6M0.497.61N/AN/A102,91650,685733,953659,919
2020-06-05$111.24$95.0039.5%11.0%58.9%24.5%39.7%4.0%-2.3%58.4M-2.37B-19.7M0.366.73N/AN/A179,75464,903749,191671,455
2020-06-08$112.88$95.0042.0%11.5%58.9%26.9%42.4%3.8%-1.0%59.8M-2.25B-20.1M0.515.38N/AN/A86,55543,965739,900651,041
2020-06-09$111.09$100.0043.4%12.0%57.9%28.2%43.1%3.2%-1.1%55.3M-1.90B-20.2M0.489.69N/AN/A61,68329,796753,623670,399
2020-06-10$106.13$100.0045.0%12.5%59.8%29.8%44.6%1.7%-1.3%37.6M-891.9M-20.1M0.3812.76N/AN/A142,34653,984768,209678,649
2020-06-11$97.67$100.0056.6%15.4%65.3%40.8%53.7%8.8%-4.1%696.8K852.2M-19.7M0.6712.51N/AN/A155,015103,318810,124698,664
2020-06-12$99.41$100.0053.2%14.7%63.7%37.6%52.6%11.6%-2.8%13.9M505.1M-20.4M0.836.13N/AN/A92,34976,258840,795718,264
2020-06-15$100.41$100.0052.6%14.9%62.6%37.0%52.0%6.8%-1.1%15.7M161.1M-20.3M0.3118.18N/AN/A126,96238,843810,416700,033
2020-06-16$101.52$100.0049.8%14.3%59.0%34.3%49.0%7.6%-2.3%31.9M-170.2M-20.5M0.426.18N/AN/A92,89339,000846,626713,095
2020-06-17$99.49$100.0048.1%13.8%58.9%32.7%48.2%7.3%-1.3%17.2M325.2M-19.8M0.616.56N/AN/A68,49141,937856,360721,752
2020-06-18$98.58$100.0046.9%13.5%58.6%31.6%48.9%6.0%-1.0%5.8M527.9M-19.4M0.687.39N/AN/A69,32447,115866,753740,265
2020-06-19$97.95$100.0046.6%13.4%58.4%31.3%48.1%5.4%0.4%11.5M636.2M-19.4M0.494.50N/AN/A137,62367,384885,403753,471
2020-06-22$97.02$100.0045.5%13.2%58.4%30.2%46.5%5.5%-1.0%5.7M684.0M-18.8M0.433.38N/AN/A71,56430,653651,596566,087
2020-06-23$98.27$100.0043.7%12.6%51.8%28.5%44.6%4.2%-0.3%20.2M448.8M-19.2M0.273.26N/AN/A117,94131,607672,205576,876
2020-06-24$95.16$100.0046.9%13.7%49.8%31.6%49.1%3.4%-0.9%965.6K916.5M-18.9M0.294.82N/AN/A133,97938,593696,999589,058
2020-06-25$97.83$100.0047.2%13.8%50.8%31.8%49.3%3.6%-0.6%31.1M337.9M-20.0M0.303.57N/AN/A161,95048,621732,545602,686
2020-06-26$92.69$100.0047.3%14.0%53.7%31.9%50.0%3.2%-1.4%-19.9M1.32B-18.6M0.433.19N/AN/A143,15861,573764,961615,116
2020-06-29$92.56$98.0045.6%13.6%53.5%30.4%48.5%3.9%-0.2%-9.3M1.22B-18.3M0.423.03N/AN/A75,81431,656721,197598,533
2020-06-30$94.26$97.0041.9%12.1%54.0%26.9%43.1%3.7%-0.3%5.8M977.9M-18.6M0.353.31N/AN/A82,93729,342742,560610,690