JPM Options History — July 2021

In July 2021, JPM traded between $146.39 and $158.29. ATM implied volatility averaged 22.5%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 2.6% (HV 20d: 25.1%). Max pain ranged from $150.00 to $157.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.58.

Notable Days

  • 2021-07-01: Highest Volume — 487,952 contracts
  • 2021-07-19: Largest IV spike — 24.3% change
  • 2021-07-19: Highest IV Rank — 32.5%
  • 2021-07-19: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$152.99$146.39$158.29$156.96$151.61
Max Pain$150.83$150.00$157.50$155.00$150.00
ATM IV22.5%20.8%27.0%21.5%22.1%
Expected Move6.4%5.9%7.7%6.2%6.0%
HV 20d25.1%19.8%28.0%19.8%27.6%
HV 60d21.4%19.3%22.9%19.3%22.3%
IV Rank13.2%6.4%32.5%8.4%12.7%
IV Percentile12.2%1.2%31.7%4.4%11.5%
Term Structure0.0%-0.9%0.5%-0.3%0.3%
VWIV22.6%21.1%26.9%21.2%21.5%
Skew 25d2.5%0.6%4.6%0.6%3.2%
Skew 10d6.7%1.9%11.9%1.9%6.8%
Call IV 25d21.9%20.4%25.2%21.9%20.6%
Put IV 25d24.4%22.4%29.7%22.6%23.9%
Bid-Ask Spread %3.861.8526.582.063.47
Gamma HHI0.090.070.140.140.09
Net GEX70.7M-6.2M163.6M163.6M69.0M
Net DEX-1.16B-2.38B66.8M-2.38B-1.02B
Net VEX-23.3M-24.5M-21.9M-22.0M-22.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.070.950.070.95
Total Volume124,516.47648,189487,952487,95261,573
Total OI1,150,266.8571,074,0971,238,1731,144,1471,168,043

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$156.96$155.0021.5%6.2%19.8%8.4%21.2%0.6%-0.3%163.6M-2.38B-22.0M0.072.06N/AN/A454,94233,010551,531592,616
2021-07-02$155.94$157.5021.4%6.2%19.8%8.0%22.0%1.1%0.2%78.8M-1.40B-21.9M0.532.43N/AN/A55,58829,359513,828600,749
2021-07-06$153.56$155.0022.5%6.3%20.2%11.9%22.7%1.6%-0.3%41.9M-896.2M-22.3M0.642.58N/AN/A62,73240,201499,436574,661
2021-07-07$153.74$150.0023.5%6.6%20.3%15.3%23.5%1.4%-0.0%49.6M-1.05B-22.3M0.622.17N/AN/A50,79531,644516,448594,750
2021-07-08$150.27$150.0025.3%7.0%21.1%21.5%24.9%1.8%-0.9%-6.2M-232.6M-23.0M0.632.99N/AN/A68,13743,057529,048604,541
2021-07-09$155.78$150.0022.7%6.4%25.1%12.6%23.4%1.3%-0.2%81.6M-1.79B-23.5M0.423.04N/AN/A111,01546,964543,357613,296
2021-07-12$158.29$150.0022.7%6.4%25.8%13.0%23.0%1.5%-0.4%125.6M-2.33B-23.5M0.442.24N/AN/A150,75466,259542,893591,429
2021-07-13$155.89$150.0020.8%5.9%25.7%6.4%21.1%1.8%-0.2%111.5M-1.64B-23.3M0.441.85N/AN/A145,60063,973578,366612,420
2021-07-14$154.81$150.0021.1%6.0%25.5%8.5%21.4%2.0%-0.2%97.4M-1.36B-23.8M0.602.09N/AN/A82,14149,299594,755624,722
2021-07-15$155.18$150.0021.2%6.1%25.3%8.8%21.4%2.0%0.2%120.1M-1.57B-23.1M0.542.17N/AN/A61,60733,537600,138628,611
2021-07-16$151.31$150.0021.7%6.2%24.5%10.8%22.0%3.2%0.4%12.3M-401.2M-23.8M0.6926.58N/AN/A66,17945,603603,295634,878
2021-07-19$146.39$150.0027.0%7.7%25.6%32.5%26.9%4.6%0.0%5.7M66.8M-23.7M0.652.46N/AN/A91,98960,142521,839553,871
2021-07-20$149.94$150.0023.2%6.7%26.6%17.1%23.8%3.9%0.1%43.7M-758.0M-23.2M0.652.53N/AN/A78,29650,639542,565573,744
2021-07-21$153.11$150.0021.7%6.2%27.6%10.9%22.2%2.7%-0.2%107.0M-1.52B-24.4M0.366.03N/AN/A67,96024,395559,272602,864
2021-07-22$151.12$150.0022.2%6.4%28.0%13.1%22.1%2.9%0.5%45.2M-900.7M-23.7M0.952.38N/AN/A40,27338,455558,345604,047
2021-07-23$150.66$150.0021.6%6.1%27.8%10.3%21.6%2.5%0.5%42.5M-762.9M-24.5M0.812.44N/AN/A42,45134,221567,049618,067
2021-07-26$151.57$150.0022.6%6.3%27.6%14.5%22.5%3.5%0.2%56.6M-977.0M-24.1M0.462.77N/AN/A32,97615,213524,543588,652
2021-07-27$151.32$150.0023.6%6.6%27.6%18.7%23.4%4.1%0.0%62.4M-1.02B-23.2M0.613.66N/AN/A41,15025,118534,561597,723
2021-07-28$152.14$150.0022.8%6.2%27.7%15.2%22.6%3.8%0.0%75.0M-1.05B-24.4M0.452.86N/AN/A43,80719,819538,808603,462
2021-07-29$153.28$150.0021.0%5.9%27.7%7.9%21.3%3.5%0.5%100.6M-1.37B-23.6M0.562.21N/AN/A34,65819,315543,912608,469
2021-07-30$151.61$150.0022.1%6.0%27.6%12.7%21.5%3.2%0.3%69.0M-1.02B-22.9M0.953.47N/AN/A31,59529,978554,661613,382