JPM Options History — April 2021

In April 2021, JPM traded between $147.61 and $156.11. ATM implied volatility averaged 23.6%, placing in the 1.6% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 3.4% (HV 20d: 20.1%). Max pain ranged from $150.00 to $150.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.54.

Notable Days

  • 2021-04-01: Highest Volume — 289,701 contracts
  • 2021-04-14: Largest IV drop — 12.0% change
  • 2021-04-20: Highest IV Rank — 7.0%
  • 2021-04-01: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$152.69$147.61$156.11$153.17$153.62
Max Pain$150.00$150.00$150.00$150.00$150.00
ATM IV23.6%21.2%27.0%26.9%21.8%
Expected Move6.7%5.9%8.0%8.0%6.1%
HV 20d20.1%16.7%22.0%21.8%19.7%
HV 60d22.1%20.6%24.4%24.4%20.7%
IV Rank1.6%0.0%7.0%1.9%1.8%
IV Percentile1.0%0.0%3.6%3.2%1.6%
Term Structure-0.1%-0.9%0.9%-0.1%0.3%
VWIV24.0%21.4%27.8%27.8%21.9%
Skew 25d1.0%-0.2%2.2%0.7%1.5%
Skew 10d2.2%-8.2%6.2%2.3%3.8%
Call IV 25d23.8%21.2%27.7%27.7%21.8%
Put IV 25d24.8%22.1%28.4%28.4%23.2%
Bid-Ask Spread %7.353.1127.964.973.11
Gamma HHI0.110.060.150.100.11
Net GEX87.5M-214.8K145.2M69.0M90.7M
Net DEX-2.28B-3.07B-1.16B-2.69B-2.37B
Net VEX-17.4M-18.3M-16.3M-16.3M-18.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.120.860.120.67
Total Volume87,761.33342,791289,701289,70142,791
Total OI991,370.095919,6131,066,226960,1571,029,794

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$153.17$150.0026.9%8.0%21.8%1.9%27.8%0.7%-0.1%69.0M-2.69B-16.3M0.124.97N/AN/A258,97530,726478,648481,509
2021-04-05$153.75$150.0027.0%7.5%21.8%2.4%27.4%1.3%-0.9%89.5M-2.41B-16.8M0.6927.96N/AN/A26,76018,541446,195473,418
2021-04-06$152.24$150.0026.2%7.4%21.2%0.5%26.4%1.0%-0.4%74.1M-2.20B-16.9M0.6612.91N/AN/A33,72422,230461,803484,530
2021-04-07$155.10$150.0025.9%7.3%22.0%0.0%26.0%0.4%-0.3%118.7M-2.71B-17.9M0.3514.87N/AN/A77,90327,351472,067495,171
2021-04-08$155.17$150.0025.7%7.2%21.0%0.0%25.6%0.2%-0.3%143.4M-2.90B-17.4M0.5113.29N/AN/A56,69528,883491,340496,067
2021-04-09$156.11$150.0024.9%7.1%21.0%0.0%25.0%-0.1%-0.1%145.2M-3.07B-18.2M0.335.50N/AN/A64,69021,137501,257503,950
2021-04-12$156.07$150.0025.0%7.1%20.6%0.2%25.0%0.6%-0.1%130.4M-2.91B-18.0M0.407.71N/AN/A42,06316,718483,823486,954
2021-04-13$154.26$150.0025.0%7.1%20.9%0.2%25.8%2.2%-0.4%117.8M-2.66B-17.0M0.544.12N/AN/A82,42344,828494,449493,617
2021-04-14$151.18$150.0022.0%6.5%21.9%0.0%23.4%-0.2%0.9%69.6M-1.93B-17.0M0.333.89N/AN/A127,78242,611511,339507,157
2021-04-15$152.06$150.0022.4%6.5%21.9%1.0%23.2%0.1%0.2%108.2M-2.17B-17.0M0.507.39N/AN/A77,37338,611532,555517,760
2021-04-16$153.31$150.0021.2%6.0%21.1%0.0%21.9%0.2%-0.3%100.9M-2.55B-17.2M0.453.53N/AN/A71,11732,013539,698526,528
2021-04-19$152.67$150.0022.3%6.4%16.7%2.6%23.0%1.0%0.5%83.4M-2.15B-17.2M0.673.95N/AN/A36,31224,198452,991483,801
2021-04-20$149.35$150.0024.0%6.9%18.4%7.0%24.3%1.8%-0.4%41.0M-1.56B-17.6M0.763.38N/AN/A42,02531,874469,571498,962
2021-04-21$150.39$150.0022.4%6.4%18.0%3.1%23.6%0.9%-0.2%53.4M-1.75B-17.4M0.866.95N/AN/A29,92025,591479,366509,016
2021-04-22$147.61$150.0023.3%6.7%18.6%5.7%24.0%2.1%0.3%-214.8K-1.16B-17.5M0.583.51N/AN/A44,88325,879483,837516,185
2021-04-23$150.54$150.0021.6%6.2%19.6%1.2%22.6%1.4%0.2%70.4M-1.85B-17.9M0.607.95N/AN/A46,97728,146493,167523,633
2021-04-26$151.06$150.0022.5%6.4%19.3%3.6%22.5%1.3%-0.1%57.9M-1.89B-17.8M0.863.71N/AN/A29,71325,689461,704511,709
2021-04-27$151.24$150.0022.0%6.3%19.1%2.2%22.1%1.8%0.1%55.6M-1.86B-17.8M0.377.17N/AN/A36,56313,582468,783525,148
2021-04-28$152.39$150.0021.6%6.1%18.9%1.0%21.4%1.1%-0.1%85.7M-2.19B-17.7M0.485.31N/AN/A30,00014,361481,894530,036
2021-04-29$155.18$150.0021.3%5.9%19.4%0.3%21.4%1.3%0.0%133.2M-2.80B-17.5M0.673.29N/AN/A42,77128,559484,811534,529
2021-04-30$153.62$150.0021.8%6.1%19.7%1.8%21.9%1.5%0.3%90.7M-2.37B-18.3M0.673.11N/AN/A25,56117,230484,966544,828