JPM Options History — October 2020

In October 2020, JPM traded between $96.56 and $103.77. ATM implied volatility averaged 36.1%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 9.4% (HV 20d: 26.7%). Max pain ranged from $95.00 to $100.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.53.

Notable Days

  • 2020-10-13: Highest Volume — 260,444 contracts
  • 2020-10-28: Largest IV spike — 16.5% change
  • 2020-10-28: Highest IV Rank — 26.9%
  • 2020-10-28: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$100.04$96.56$103.77$96.56$97.40
Max Pain$99.09$95.00$100.00$95.00$100.00
ATM IV36.1%32.2%42.0%36.2%40.9%
Expected Move10.4%9.2%12.7%10.2%12.4%
HV 20d26.7%22.2%30.6%30.0%26.5%
HV 60d26.9%26.1%28.5%28.5%27.5%
IV Rank21.3%17.6%26.9%21.4%25.9%
IV Percentile53.2%41.3%69.4%56.7%63.9%
Term Structure-0.1%-1.7%4.1%4.1%-0.9%
VWIV36.0%31.5%43.6%35.7%42.1%
Skew 25d3.8%0.9%8.8%2.7%8.8%
Skew 10d8.0%2.1%19.7%3.4%19.7%
Call IV 25d34.8%31.1%43.6%33.7%37.4%
Put IV 25d38.6%33.6%46.2%36.4%46.2%
Bid-Ask Spread %3.302.2210.492.713.93
Gamma HHI0.080.060.100.070.07
Net GEX62.9M11.4M104.7M46.9M11.4M
Net DEX-161.5M-1.07B812.7M492.5M812.7M
Net VEX-21.3M-22.3M-19.5M-19.5M-21.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.310.850.500.67
Total Volume126,268.86464,318260,444127,03794,261
Total OI1,450,549.8181,358,2371,567,6821,379,5701,558,580

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-10-01$96.56$95.0036.2%10.2%30.0%21.4%35.7%2.7%4.1%46.9M492.5M-19.5M0.502.71N/AN/A84,96342,074751,798627,772
2020-10-02$97.88$95.0036.4%10.3%30.6%21.6%35.0%2.0%3.5%82.0M91.2M-20.3M0.382.73N/AN/A128,02748,494776,482650,154
2020-10-05$99.19$95.0039.1%11.1%29.4%24.2%39.4%3.0%-0.5%63.2M-135.3M-21.0M0.4710.49N/AN/A76,49335,937724,117634,120
2020-10-06$98.03$95.0040.5%11.0%27.5%25.5%38.8%3.3%-1.7%52.7M154.4M-20.8M0.472.72N/AN/A109,02651,653735,071644,147
2020-10-07$99.88$100.0039.6%10.9%28.3%24.6%38.5%0.9%-0.8%80.1M-299.3M-21.4M0.312.37N/AN/A76,79223,920751,382663,617
2020-10-08$101.70$100.0038.7%10.8%28.7%23.8%37.2%3.0%-0.6%104.1M-820.4M-21.7M0.432.74N/AN/A84,64536,444765,480668,532
2020-10-09$100.98$100.0036.7%10.3%28.6%21.9%36.1%1.4%-0.2%76.6M-654.4M-21.3M0.312.79N/AN/A104,58732,920770,173678,446
2020-10-12$102.83$100.0035.0%9.7%28.8%20.3%35.0%2.4%-1.1%89.9M-941.0M-21.2M0.522.55N/AN/A119,43461,616748,951642,457
2020-10-13$100.85$100.0032.6%9.2%27.3%18.0%31.7%1.7%-0.4%85.9M-399.7M-20.5M0.322.48N/AN/A197,10063,344777,587652,056
2020-10-14$100.56$100.0032.2%9.2%27.3%17.6%31.7%2.0%-0.1%75.5M-306.6M-20.8M0.382.22N/AN/A82,47231,673808,907671,291
2020-10-15$101.74$100.0033.6%9.7%26.6%18.9%33.0%3.7%0.3%104.5M-705.7M-21.0M0.792.27N/AN/A111,51188,312822,148678,214
2020-10-16$101.65$100.0032.2%9.3%26.6%17.6%31.5%3.1%0.3%81.9M-655.0M-21.6M0.523.44N/AN/A83,82543,342856,048711,634
2020-10-19$99.89$100.0034.4%9.8%22.5%19.7%34.0%4.2%-0.7%39.6M50.4M-21.3M0.612.37N/AN/A44,71927,445735,952649,241
2020-10-20$100.76$100.0034.1%9.8%22.2%19.4%33.3%4.5%-0.6%50.2M-175.2M-21.6M0.513.33N/AN/A51,23026,105750,760660,055
2020-10-21$99.47$100.0034.0%9.8%22.3%19.4%34.4%4.4%-0.7%38.0M162.9M-21.5M0.502.69N/AN/A42,81521,503767,427669,647
2020-10-22$102.97$100.0033.5%9.6%24.7%18.9%33.6%4.9%-0.8%91.6M-800.6M-22.1M0.632.87N/AN/A73,92846,418780,104677,888
2020-10-23$103.77$100.0032.9%9.5%24.7%18.2%33.3%4.7%-0.4%104.7M-1.07B-22.3M0.612.83N/AN/A91,48655,458793,221689,206
2020-10-26$100.90$100.0035.7%10.6%25.0%20.9%36.6%5.8%-0.3%46.8M-119.1M-21.9M0.685.16N/AN/A55,52337,650772,940679,350
2020-10-27$99.56$100.0036.0%10.8%25.3%21.3%37.5%4.7%-0.0%33.1M206.6M-21.9M0.542.79N/AN/A47,56025,785792,528689,653
2020-10-28$97.09$100.0042.0%12.7%27.0%26.9%43.6%6.9%-0.9%13.1M755.2M-21.6M0.853.47N/AN/A69,10658,743799,705696,651
2020-10-29$97.31$100.0038.3%11.5%27.0%23.4%40.5%6.4%-0.5%11.6M798.7M-21.7M0.603.59N/AN/A55,95033,626820,973717,631
2020-10-30$97.40$100.0040.9%12.4%26.5%25.9%42.1%8.8%-0.9%11.4M812.7M-21.9M0.673.93N/AN/A56,29837,963829,156729,424