JPM Options History — November 2021

In November 2021, JPM traded between $159.14 and $170.77. ATM implied volatility averaged 21.8%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 4.0% (HV 20d: 17.8%). Max pain ranged from $165.00 to $170.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.50.

Notable Days

  • 2021-11-23: Highest Volume — 125,940 contracts
  • 2021-11-26: Largest IV spike — 22.2% change
  • 2021-11-26: Highest IV Rank — 58.1%
  • 2021-11-30: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$166.16$159.14$170.77$169.72$159.14
Max Pain$165.48$165.00$170.00$167.50$165.00
ATM IV21.8%19.8%28.0%19.8%27.0%
Expected Move6.3%5.7%8.2%5.7%8.2%
HV 20d17.8%13.1%21.8%21.4%18.9%
HV 60d20.5%19.7%21.7%20.5%21.7%
IV Rank19.7%6.0%58.1%6.0%51.8%
IV Percentile22.7%5.6%75.8%5.6%68.3%
Term Structure0.2%-0.4%1.6%0.6%0.6%
VWIV22.6%20.4%29.0%20.8%29.0%
Skew 25d2.6%1.9%5.1%3.0%5.1%
Skew 10d6.3%4.1%11.9%6.7%11.9%
Call IV 25d21.4%19.4%26.9%19.4%26.0%
Put IV 25d24.0%21.9%31.0%22.4%31.0%
Bid-Ask Spread %9.482.9924.6117.933.71
Gamma HHI0.120.070.170.160.07
Net GEX91.0M11.2M163.2M142.8M11.2M
Net DEX-1.98B-3.15B-615.2M-2.87B-615.2M
Net VEX-20.3M-21.2M-19.1M-20.9M-20.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.330.860.550.50
Total Volume78,458.76248,555125,94058,65483,168
Total OI1,128,769.8571,029,5131,180,5011,121,3371,082,271

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-11-01$169.72$167.5019.8%5.7%21.4%6.0%20.8%3.0%0.6%142.8M-2.87B-20.9M0.5517.93N/AN/A37,91920,735497,828623,509
2021-11-02$170.77$167.5020.7%6.0%21.1%10.8%20.9%2.9%0.3%153.9M-3.15B-20.8M0.4910.61N/AN/A43,12421,050504,309630,183
2021-11-03$170.59$170.0020.0%5.9%21.0%7.7%20.8%2.4%0.5%163.2M-3.07B-21.2M0.478.39N/AN/A54,76325,925509,869634,029
2021-11-04$167.67$165.0020.8%6.1%21.8%14.0%21.6%2.5%0.3%105.6M-2.29B-20.9M0.553.02N/AN/A63,85335,022518,452636,523
2021-11-05$167.99$165.0020.4%6.0%21.8%11.6%21.4%2.6%0.2%124.6M-2.47B-20.5M0.552.99N/AN/A46,00425,200524,115642,843
2021-11-08$168.88$165.0021.0%6.2%20.4%15.5%22.2%2.5%0.4%139.3M-2.67B-19.9M0.644.48N/AN/A42,45127,243498,462624,716
2021-11-09$167.57$165.0021.4%6.2%20.3%17.8%22.3%2.1%0.3%106.4M-2.15B-21.0M0.4014.97N/AN/A43,70317,398507,659636,857
2021-11-10$167.69$165.0021.9%6.3%17.3%20.9%22.6%2.7%0.2%117.0M-2.28B-20.7M0.3324.61N/AN/A44,25514,579514,346641,415
2021-11-11$168.06$165.0020.6%6.0%16.6%13.0%21.4%2.0%0.3%125.5M-2.31B-20.3M0.4512.56N/AN/A40,48818,253521,673644,359
2021-11-12$166.81$165.0020.6%6.0%15.0%13.1%21.1%2.1%0.6%97.8M-1.95B-20.2M0.395.34N/AN/A50,39619,832530,525648,855
2021-11-15$166.38$165.0020.5%5.9%15.0%12.2%20.7%2.6%0.2%97.8M-1.88B-19.1M0.483.09N/AN/A32,71815,837518,508638,759
2021-11-16$165.28$165.0020.1%5.8%14.8%9.7%21.1%2.1%0.2%59.5M-1.47B-19.5M0.867.03N/AN/A37,40432,333522,104643,821
2021-11-17$164.53$165.0020.2%5.8%13.8%10.4%20.4%1.9%0.0%58.7M-1.55B-19.2M0.5318.41N/AN/A54,24228,504517,450634,365
2021-11-18$162.98$165.0020.5%5.9%14.0%12.5%21.2%2.2%-0.1%27.1M-1.22B-19.6M0.5517.93N/AN/A44,03924,131526,877642,225
2021-11-19$160.93$165.0021.6%6.2%13.1%18.9%21.9%2.2%-0.1%16.7M-805.6M-19.4M0.5811.72N/AN/A62,54735,969534,424646,077
2021-11-22$165.31$165.0021.7%6.2%16.9%19.6%22.1%2.2%0.1%82.5M-1.94B-19.7M0.334.23N/AN/A79,53026,293449,413580,100
2021-11-23$168.05$165.0022.3%6.6%17.9%23.4%23.4%2.1%-0.2%131.1M-2.56B-20.2M0.3312.71N/AN/A94,88731,053465,379588,729
2021-11-24$166.93$165.0022.9%6.5%16.2%27.2%23.8%2.2%-0.4%107.5M-2.23B-20.7M0.356.36N/AN/A78,49127,844474,920600,907
2021-11-26$162.34$165.0028.0%8.1%18.3%58.1%28.8%4.0%-0.3%11.7M-1.13B-21.1M0.665.28N/AN/A56,97637,355479,627605,162
2021-11-29$161.68$165.0024.9%7.3%18.3%38.9%26.1%3.5%1.6%31.4M-1.09B-20.5M0.603.67N/AN/A45,19326,927463,774598,748
2021-11-30$159.14$165.0027.0%8.2%18.9%51.8%29.0%5.1%0.6%11.2M-615.2M-20.8M0.503.71N/AN/A55,38427,784474,146608,125