JPM Options History — October 2021

In October 2021, JPM traded between $160.78 and $171.96. ATM implied volatility averaged 21.4%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 2.5% (HV 20d: 23.9%). Max pain ranged from $155.00 to $167.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.60.

Notable Days

  • 2021-10-04: Highest Volume — 285,452 contracts
  • 2021-10-14: Largest IV drop — 14.8% change
  • 2021-10-04: Highest IV Rank — 35.5%
  • 2021-10-04: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$168.24$160.78$171.96$167.50$169.85
Max Pain$161.19$155.00$167.50$155.00$167.50
ATM IV21.4%18.5%27.2%25.8%19.3%
Expected Move6.1%5.3%7.6%7.6%5.6%
HV 20d23.9%21.1%27.6%24.6%21.4%
HV 60d21.0%20.1%22.9%22.9%21.3%
IV Rank11.3%0.0%35.5%29.3%3.6%
IV Percentile18.9%0.0%54.4%46.4%4.0%
Term Structure0.1%-0.7%0.6%-0.1%0.6%
VWIV22.1%18.8%27.2%27.2%19.6%
Skew 25d3.2%2.1%5.3%4.4%2.7%
Skew 10d7.1%4.3%12.6%8.5%6.5%
Call IV 25d20.5%17.6%25.6%23.9%18.4%
Put IV 25d23.7%20.0%30.2%28.4%21.2%
Bid-Ask Spread %6.352.2016.9214.603.08
Gamma HHI0.170.110.360.130.28
Net GEX148.0M57.3M256.8M148.0M210.9M
Net DEX-2.87B-3.79B-1.10B-3.21B-3.01B
Net VEX-21.5M-22.8M-20.6M-22.5M-21.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.120.960.630.53
Total Volume104,495.47643,963285,45272,61090,097
Total OI1,108,968.1431,058,7791,187,1771,128,4841,153,309

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-10-01$167.50$155.0025.8%7.6%24.6%29.3%27.2%4.4%-0.1%148.0M-3.21B-22.5M0.6314.60N/AN/A44,53728,073500,011628,473
2021-10-04$167.23$160.0027.2%7.6%24.7%35.5%26.8%4.6%-0.7%110.5M-2.95B-22.3M0.1216.92N/AN/A255,96829,484473,620603,652
2021-10-05$169.22$160.0024.8%7.1%24.8%24.9%26.5%5.3%-0.3%136.6M-3.46B-22.5M0.808.61N/AN/A47,42337,767481,147609,491
2021-10-06$168.66$160.0026.0%7.4%24.8%30.2%27.2%5.0%-0.2%128.1M-2.86B-22.8M0.9610.33N/AN/A29,33128,284460,907617,139
2021-10-07$169.93$160.0023.8%6.8%24.8%20.5%25.3%3.9%-0.1%158.2M-3.23B-21.9M0.653.90N/AN/A40,84026,510469,814630,122
2021-10-08$170.40$160.0023.3%6.7%23.8%18.5%24.4%4.0%-0.1%256.8M-3.46B-21.7M0.608.51N/AN/A50,62030,538476,699633,001
2021-10-11$166.72$160.0024.9%7.0%25.1%25.5%25.5%3.8%-0.4%112.3M-2.41B-21.6M0.738.96N/AN/A50,35436,669457,964609,556
2021-10-12$165.29$160.0023.9%6.8%24.3%21.2%25.2%3.4%-0.1%105.1M-2.09B-21.6M0.749.66N/AN/A68,62250,818461,433612,905
2021-10-13$160.78$160.0022.6%6.5%26.3%15.3%22.7%2.6%0.1%57.3M-1.10B-20.8M0.472.53N/AN/A149,18169,373470,392624,258
2021-10-14$163.28$160.0019.2%5.5%26.8%0.6%20.6%2.6%0.2%96.8M-1.49B-21.0M0.592.20N/AN/A106,68863,335501,727643,409
2021-10-15$166.91$160.0019.0%5.5%27.6%0.0%19.1%2.4%0.2%146.5M-2.97B-20.6M0.462.29N/AN/A94,56543,860532,149655,028
2021-10-18$166.67$160.0019.0%5.4%24.0%0.0%19.5%2.1%0.5%128.3M-2.51B-21.3M0.542.29N/AN/A48,68026,043467,341591,438
2021-10-19$168.08$160.0018.5%5.3%24.1%0.0%19.5%2.3%-0.6%143.9M-2.80B-21.0M0.462.81N/AN/A30,18913,774473,912603,651
2021-10-20$170.43$160.0018.5%5.3%23.5%0.1%18.8%2.5%0.0%186.9M-3.38B-21.3M0.622.34N/AN/A54,49434,002490,753616,560
2021-10-21$169.51$160.0018.5%5.3%22.0%0.0%18.9%2.3%0.1%181.6M-3.17B-21.0M0.542.65N/AN/A53,00428,870496,245622,138
2021-10-22$171.96$160.0018.9%5.4%22.1%1.6%19.4%2.4%0.4%196.3M-3.79B-21.1M0.517.47N/AN/A69,15235,377500,176624,764
2021-10-25$170.93$162.5018.8%5.4%21.1%1.5%19.1%2.5%0.6%162.2M-3.30B-20.8M0.712.31N/AN/A57,85441,169482,802608,161
2021-10-26$171.77$165.0018.9%5.4%21.1%1.9%19.3%2.5%0.6%170.7M-3.51B-20.9M0.706.52N/AN/A40,22528,102497,910627,580
2021-10-27$167.96$167.5019.4%5.7%22.7%3.9%20.0%2.3%0.6%118.4M-2.54B-21.4M0.655.00N/AN/A59,00338,598502,471631,455
2021-10-28$169.94$167.5019.3%5.6%22.5%3.5%19.5%2.5%0.6%153.3M-3.04B-21.5M0.6010.46N/AN/A39,24023,692509,317635,451
2021-10-29$169.85$167.5019.3%5.6%21.4%3.6%19.6%2.7%0.6%210.9M-3.01B-21.2M0.533.08N/AN/A58,87731,220514,017639,292