JPM Options History — November 2020

In November 2020, JPM traded between $99.97 and $122.85. ATM implied volatility averaged 30.4%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded below realized volatility by 20.7% (HV 20d: 51.1%). Max pain ranged from $100.00 to $100.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.58.

Notable Days

  • 2020-11-09: Highest Volume — 341,619 contracts
  • 2020-11-04: Largest IV drop — 14.9% change
  • 2020-11-02: Highest IV Rank — 24.3%
  • 2020-11-02: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$113.48$99.97$122.85$99.97$118.17
Max Pain$100.00$100.00$100.00$100.00$100.00
ATM IV30.4%27.9%39.3%39.3%28.7%
Expected Move8.9%8.1%12.2%12.2%8.5%
HV 20d51.1%27.7%58.7%27.7%57.4%
HV 60d37.3%27.7%40.7%27.7%40.7%
IV Rank15.9%13.6%24.3%24.3%14.3%
IV Percentile31.4%23.4%59.9%59.9%26.6%
Term Structure-0.0%-0.8%2.0%-0.8%2.0%
VWIV32.3%29.0%42.1%42.1%31.6%
Skew 25d3.3%1.3%7.1%7.1%1.9%
Skew 10d7.5%4.2%12.7%12.7%6.5%
Call IV 25d29.7%27.2%36.2%36.2%28.3%
Put IV 25d33.0%29.7%43.3%43.3%30.2%
Bid-Ask Spread %3.612.068.013.407.08
Gamma HHI0.120.070.230.070.11
Net GEX100.9M40.8M151.9M40.8M68.6M
Net DEX-2.97B-4.76B102.9M100.6M-2.93B
Net VEX-20.0M-22.6M-18.1M-22.3M-18.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.420.840.450.49
Total Volume113,014.947,425341,61985,73275,980
Total OI1,553,413.81,409,7351,634,2901,515,3631,427,100

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$99.97$100.0039.3%12.2%27.7%24.3%42.1%7.1%-0.8%40.8M100.6M-22.3M0.453.40N/AN/A59,24526,487799,773715,590
2020-11-03$103.92$100.0038.4%11.8%30.5%23.5%42.0%6.4%-0.4%69.9M-944.9M-22.6M0.612.57N/AN/A96,56858,492799,773715,590
2020-11-04$100.51$100.0032.7%9.9%32.4%18.1%35.2%4.0%0.0%48.7M102.9M-21.3M0.533.31N/AN/A65,14234,290831,662742,359
2020-11-05$104.40$100.0031.4%9.1%34.6%16.8%32.9%3.8%0.6%112.6M-1.14B-22.0M0.423.03N/AN/A85,93336,204843,304751,785
2020-11-06$103.36$100.0030.8%8.9%34.7%16.3%33.6%2.9%0.5%99.7M-771.6M-21.7M0.563.53N/AN/A56,99931,780853,834760,573
2020-11-09$117.99$100.0030.8%8.7%58.0%16.3%32.7%2.5%-0.2%105.1M-4.76B-20.0M0.528.01N/AN/A224,941116,678819,601731,857
2020-11-10$116.56$100.0030.8%9.0%57.6%16.2%32.2%2.7%0.8%126.4M-4.33B-20.3M0.423.04N/AN/A106,24244,404841,180748,266
2020-11-11$114.49$100.0028.7%8.3%58.2%14.3%30.4%2.4%0.4%130.1M-3.64B-20.4M0.682.18N/AN/A65,94044,782854,900752,834
2020-11-12$112.85$100.0031.3%8.9%58.6%16.8%33.7%3.9%-0.2%104.8M-3.07B-20.8M0.772.56N/AN/A67,66052,066857,443763,775
2020-11-13$114.77$100.0030.1%8.6%58.7%15.6%31.0%3.5%0.3%151.9M-3.71B-20.1M0.492.39N/AN/A51,96225,312857,446770,409
2020-11-16$116.42$100.0028.5%8.2%58.1%14.1%29.0%3.0%-0.2%123.4M-4.09B-19.0M0.463.35N/AN/A75,33934,943821,112738,583
2020-11-17$115.74$100.0028.9%8.3%58.3%14.5%29.6%3.3%-0.7%131.9M-3.85B-19.6M0.785.66N/AN/A41,28932,099845,491757,172
2020-11-18$115.90$100.0028.4%8.1%57.9%14.0%29.1%2.9%-0.6%137.6M-3.96B-19.4M0.683.30N/AN/A58,20739,406853,802769,460
2020-11-19$115.51$100.0028.4%8.2%57.1%14.0%29.7%2.9%-0.6%125.5M-3.69B-19.6M0.432.36N/AN/A51,58722,151854,405779,885
2020-11-20$114.81$100.0028.5%8.2%57.2%14.1%29.8%3.6%-0.4%70.0M-3.36B-19.2M0.672.40N/AN/A49,50733,301851,336782,934
2020-11-23$118.07$100.0028.0%8.1%56.4%13.6%31.5%3.5%-0.4%87.8M-3.14B-18.7M0.462.06N/AN/A73,00533,584719,552690,183
2020-11-24$122.85$100.0028.4%8.3%56.9%14.0%29.7%2.7%-0.3%96.9M-4.30B-18.1M0.455.03N/AN/A119,11853,040728,559699,979
2020-11-25$122.08$100.0028.1%8.2%55.7%13.7%30.0%1.3%-0.2%97.6M-4.04B-18.5M0.832.25N/AN/A37,80231,388739,115722,172
2020-11-27$121.25$100.0027.9%8.2%56.0%13.6%29.6%1.7%-0.1%89.1M-3.82B-18.3M0.844.65N/AN/A25,73721,688744,442731,040
2020-11-30$118.17$100.0028.7%8.5%57.4%14.3%31.6%1.9%2.0%68.6M-2.93B-18.2M0.497.08N/AN/A51,02624,954716,351710,749