JPM Options History — August 2021

In August 2021, JPM traded between $151.64 and $163.03. ATM implied volatility averaged 21.6%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 0.4% (HV 20d: 21.2%). Max pain ranged from $150.00 to $155.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.62.

Notable Days

  • 2021-08-06: Highest Volume — 165,837 contracts
  • 2021-08-27: Largest IV drop — 13.6% change
  • 2021-08-19: Highest IV Rank — 18.9%
  • 2021-08-19: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$157.62$151.64$163.03$151.64$160.07
Max Pain$150.68$150.00$155.00$150.00$155.00
ATM IV21.6%19.4%23.7%22.9%20.5%
Expected Move6.1%5.4%6.8%6.2%5.5%
HV 20d21.2%16.6%27.6%27.6%18.7%
HV 60d21.9%21.6%22.5%22.0%22.3%
IV Rank10.3%1.3%18.9%15.7%5.8%
IV Percentile10.0%0.4%31.3%20.6%2.0%
Term Structure0.4%-0.2%0.8%-0.2%0.6%
VWIV22.0%19.9%24.5%22.2%19.9%
Skew 25d3.3%2.3%4.7%3.8%3.1%
Skew 10d7.8%5.7%10.9%8.8%6.6%
Call IV 25d20.9%19.0%22.8%21.7%19.9%
Put IV 25d24.2%21.8%27.0%25.5%23.0%
Bid-Ask Spread %4.522.4111.272.493.19
Gamma HHI0.160.090.420.090.17
Net GEX132.9M45.7M339.7M51.6M110.6M
Net DEX-2.17B-3.53B-920.7M-984.9M-2.26B
Net VEX-22.3M-23.8M-20.9M-22.9M-20.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.380.900.830.61
Total Volume71,167.04538,678165,83765,79344,502
Total OI1,157,073.3181,079,1991,212,3291,121,7521,131,483

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$151.64$150.0022.9%6.2%27.6%15.7%22.2%3.8%-0.2%51.6M-984.9M-22.9M0.832.49N/AN/A35,88229,911526,231595,521
2021-08-03$152.93$150.0021.7%6.1%27.3%11.0%21.9%3.1%0.0%70.1M-1.19B-23.8M0.392.60N/AN/A42,00216,291531,674608,232
2021-08-04$151.74$150.0022.8%6.2%27.4%15.4%22.4%3.7%-0.1%50.8M-920.7M-23.3M0.642.68N/AN/A30,40119,460540,467617,164
2021-08-05$152.97$150.0021.4%6.3%26.2%9.4%22.9%4.7%-0.1%85.8M-1.29B-22.7M0.608.27N/AN/A31,67219,098552,167620,509
2021-08-06$157.53$150.0021.4%6.2%25.1%9.5%22.8%2.4%0.0%231.9M-2.56B-23.8M0.405.70N/AN/A118,41747,420562,654624,898
2021-08-09$157.43$150.0022.4%6.6%24.5%13.6%23.2%2.3%0.5%136.6M-2.39B-23.2M0.5811.17N/AN/A61,23135,756540,371606,501
2021-08-10$159.08$150.0021.5%6.3%24.1%10.1%22.5%2.5%0.5%182.9M-2.89B-22.4M0.542.41N/AN/A67,49636,513555,064613,720
2021-08-11$161.00$150.0021.4%6.1%24.2%9.4%22.0%2.7%-0.0%209.7M-3.38B-22.7M0.413.00N/AN/A61,97425,362568,275624,588
2021-08-12$161.72$150.0021.1%6.1%24.2%8.4%21.7%2.7%0.3%215.1M-3.53B-22.4M0.703.05N/AN/A49,10734,553572,433635,712
2021-08-13$159.88$150.0020.5%5.9%22.6%5.7%21.3%2.7%0.0%339.7M-3.02B-21.7M0.582.94N/AN/A40,29023,200571,323641,006
2021-08-16$158.74$150.0021.0%6.0%18.7%7.8%22.0%3.5%0.7%131.6M-2.38B-22.0M0.752.84N/AN/A28,86521,569542,203626,138
2021-08-17$156.77$150.0023.1%6.6%18.0%16.5%24.5%4.3%0.5%102.7M-1.91B-22.0M0.704.95N/AN/A34,12523,745548,290627,334
2021-08-18$156.34$150.0022.5%6.4%16.6%14.1%23.0%4.4%0.7%93.4M-1.74B-22.9M0.7511.27N/AN/A28,86921,653558,021631,732
2021-08-19$154.12$150.0023.7%6.8%16.8%18.9%24.5%4.1%0.5%50.4M-1.26B-22.4M0.734.00N/AN/A41,31530,287565,816636,501
2021-08-20$154.64$150.0021.8%6.2%16.7%11.2%22.7%3.7%0.5%45.7M-1.27B-22.4M0.903.95N/AN/A28,89226,084569,535641,757
2021-08-23$156.83$150.0021.1%5.8%17.2%8.5%21.2%3.3%0.7%87.3M-1.74B-21.2M0.642.77N/AN/A29,99519,317488,792590,407
2021-08-24$157.94$150.0020.3%5.8%17.3%5.2%20.7%3.6%0.6%110.1M-1.95B-21.7M0.533.22N/AN/A25,30513,373496,042597,402
2021-08-25$160.92$150.0021.1%5.9%18.2%8.2%20.9%3.0%0.8%152.9M-2.63B-22.3M0.734.17N/AN/A43,71031,995508,009606,570
2021-08-26$161.60$150.0022.4%6.2%18.2%13.8%22.3%3.5%0.4%163.2M-2.91B-21.6M0.387.70N/AN/A89,24134,177513,546609,763
2021-08-27$163.03$155.0019.4%5.4%17.6%1.3%19.9%2.8%0.7%177.2M-3.19B-21.4M0.653.84N/AN/A40,19826,051517,157621,432
2021-08-30$160.75$155.0020.8%5.7%18.6%7.3%20.3%2.5%0.8%124.9M-2.45B-21.2M0.693.32N/AN/A33,44922,922507,231611,942
2021-08-31$160.07$155.0020.5%5.5%18.7%5.8%19.9%3.1%0.6%110.6M-2.26B-20.9M0.613.19N/AN/A27,57816,924513,221618,262