JPM Options History — September 2021

In September 2021, JPM traded between $152.42 and $166.89. ATM implied volatility averaged 23.6%, placing in the 19.6% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 4.8% (HV 20d: 18.8%). Max pain ranged from $150.00 to $155.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.67.

Notable Days

  • 2021-09-27: Highest Volume — 145,850 contracts
  • 2021-09-20: Largest IV spike — 33.7% change
  • 2021-09-20: Highest IV Rank — 49.6%
  • 2021-09-20: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$159.85$152.42$166.89$159.67$164.08
Max Pain$154.05$150.00$155.00$155.00$155.00
ATM IV23.6%20.2%30.4%20.2%25.6%
Expected Move6.9%5.5%8.7%5.5%8.0%
HV 20d18.8%14.5%23.9%18.4%23.7%
HV 60d22.0%20.6%23.3%22.3%23.1%
IV Rank19.6%4.6%49.6%4.6%28.4%
IV Percentile31.1%0.8%76.2%0.8%45.6%
Term Structure0.2%-0.8%1.2%1.1%-0.1%
VWIV25.0%19.5%30.1%19.5%28.7%
Skew 25d4.9%2.7%8.3%2.7%5.3%
Skew 10d10.6%5.9%17.5%6.1%12.6%
Call IV 25d22.3%19.4%26.7%19.8%25.0%
Put IV 25d27.2%22.3%34.8%22.5%30.3%
Bid-Ask Spread %9.762.3230.4215.144.11
Gamma HHI0.120.070.170.150.11
Net GEX75.3M-1.9M121.2M97.1M88.9M
Net DEX-1.94B-3.18B-406.7M-2.05B-2.48B
Net VEX-20.9M-22.1M-19.8M-21.5M-22.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.321.000.410.96
Total Volume70,022.09534,318145,85038,43765,354
Total OI1,097,373.857937,1161,184,7681,145,4741,108,454

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-09-01$159.67$155.0020.2%5.5%18.4%4.6%19.5%2.7%1.1%97.1M-2.05B-21.5M0.4115.14N/AN/A27,20211,235518,064627,410
2021-09-02$159.85$150.0020.4%6.3%18.3%5.5%22.2%2.9%1.2%106.2M-2.17B-21.2M0.5018.13N/AN/A30,56815,388523,180632,529
2021-09-03$159.85$150.0020.2%6.2%15.2%4.6%22.4%2.9%1.2%97.9M-2.15B-21.2M0.656.37N/AN/A33,70021,807526,384634,691
2021-09-07$159.51$150.0021.8%6.5%15.2%11.1%24.0%3.4%0.8%100.4M-2.08B-20.7M0.654.59N/AN/A24,84716,214504,972617,832
2021-09-08$158.65$150.0022.1%6.6%14.9%12.4%24.3%4.3%0.6%79.3M-1.77B-21.2M0.523.18N/AN/A22,64411,674510,609625,349
2021-09-09$159.85$155.0022.2%6.6%14.5%13.6%24.8%4.0%0.7%113.8M-2.15B-20.4M0.7512.59N/AN/A23,25517,404516,372634,153
2021-09-10$157.42$155.0024.3%7.1%15.3%22.6%24.5%4.2%0.6%8.3M-1.43B-21.4M0.793.21N/AN/A34,35527,275520,925636,168
2021-09-13$159.75$155.0023.4%6.8%15.8%18.8%24.8%5.2%-0.1%74.4M-1.90B-21.0M0.693.39N/AN/A30,47221,003505,307630,132
2021-09-14$156.85$155.0025.8%7.4%16.9%29.3%25.6%5.1%-0.6%44.3M-1.37B-20.2M0.4530.42N/AN/A45,55620,711512,630636,071
2021-09-15$158.53$155.0022.8%6.5%16.8%16.2%24.3%5.0%0.0%59.2M-1.72B-20.2M0.8921.89N/AN/A28,38425,315522,471643,904
2021-09-16$158.57$155.0022.6%6.5%16.7%15.4%23.4%5.2%-0.3%67.8M-1.79B-19.8M0.3211.06N/AN/A49,38215,983526,548648,218
2021-09-17$157.72$155.0022.8%6.6%16.0%16.1%24.8%5.7%-0.1%35.9M-1.54B-20.0M0.667.28N/AN/A36,65624,295526,179658,589
2021-09-20$152.42$155.0030.4%8.7%20.3%49.6%30.1%8.1%-0.8%-1.9M-406.7M-21.4M0.813.34N/AN/A57,49646,592405,464531,652
2021-09-21$153.49$155.0026.3%8.0%19.7%31.5%28.0%8.3%-0.3%6.0M-600.5M-20.6M0.773.50N/AN/A30,05523,195416,207540,390
2021-09-22$156.75$155.0024.6%6.9%21.1%24.1%25.4%6.0%-0.0%42.4M-1.23B-20.6M0.8118.05N/AN/A40,00632,297435,748558,288
2021-09-23$161.20$155.0023.2%6.7%22.4%18.0%23.9%5.2%-0.3%95.5M-2.11B-21.2M0.842.32N/AN/A67,08856,291444,779567,900
2021-09-24$163.29$155.0022.2%6.6%22.8%13.6%23.7%4.6%0.0%117.1M-2.65B-20.5M0.588.45N/AN/A63,54336,742453,273581,589
2021-09-27$166.89$155.0023.6%6.8%23.9%19.8%24.5%4.2%0.4%121.2M-3.18B-20.2M0.4110.87N/AN/A103,76342,087448,758575,985
2021-09-28$166.39$155.0025.4%7.5%23.3%27.8%27.5%5.2%0.2%110.8M-3.00B-21.8M0.5611.67N/AN/A80,19544,704461,511587,437
2021-09-29$166.08$155.0025.5%7.7%23.2%28.1%27.6%5.5%0.4%117.5M-3.00B-21.6M1.005.46N/AN/A32,79232,939486,273602,456
2021-09-30$164.08$155.0025.6%8.0%23.7%28.4%28.7%5.3%-0.1%88.9M-2.48B-22.1M0.964.11N/AN/A33,40831,946495,542612,912