JPM Options History — December 2021

In December 2021, JPM traded between $153.46 and $162.21. ATM implied volatility averaged 24.8%, placing in the 38.6% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 2.7% (HV 20d: 22.1%). Max pain ranged from $145.00 to $165.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.55.

Notable Days

  • 2021-12-16: Highest Volume — 163,676 contracts
  • 2021-12-07: Largest IV drop — 11.8% change
  • 2021-12-03: Highest IV Rank — 77.8%
  • 2021-12-03: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$158.72$153.46$162.21$159.04$158.66
Max Pain$151.14$145.00$165.00$165.00$150.00
ATM IV24.8%20.7%31.3%28.3%20.8%
Expected Move7.2%6.0%10.1%8.7%6.0%
HV 20d22.1%18.6%25.6%18.6%20.0%
HV 60d21.3%20.1%22.5%21.7%20.1%
IV Rank38.6%13.8%77.8%59.6%14.0%
IV Percentile53.8%12.7%97.2%77.4%13.5%
Term Structure0.1%-1.5%1.0%0.5%0.3%
VWIV25.4%21.2%35.7%30.5%21.5%
Skew 25d4.1%2.2%6.8%5.3%2.2%
Skew 10d8.9%4.4%14.7%12.5%4.5%
Call IV 25d23.8%20.6%30.0%27.5%20.6%
Put IV 25d27.9%22.8%36.8%32.9%22.8%
Bid-Ask Spread %6.032.6517.285.262.99
Gamma HHI0.090.070.150.070.09
Net GEX37.5M-9.1M90.0M21.1M37.1M
Net DEX-784.6M-1.25B1.6M-714.9M-1.01B
Net VEX-19.2M-21.1M-18.1M-20.7M-18.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.300.890.330.62
Total Volume78,794.90954,057163,676104,75262,029
Total OI1,083,469.1361,005,0901,164,0571,095,0351,079,148

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$159.04$165.0028.3%8.7%18.6%59.6%30.5%5.3%0.5%21.1M-714.9M-20.7M0.335.26N/AN/A78,89625,856482,353612,682
2021-12-02$161.68$165.0028.4%8.4%19.9%60.6%30.5%5.5%0.9%55.2M-1.22B-20.8M0.606.08N/AN/A54,22832,745489,235614,883
2021-12-03$157.71$165.0031.3%10.1%20.8%77.8%35.7%6.8%0.5%998.7K-421.5M-21.1M0.8912.56N/AN/A49,07343,539494,871621,234
2021-12-06$160.09$145.0028.4%8.2%21.7%60.5%29.0%5.8%0.3%29.1M-895.9M-20.4M0.459.91N/AN/A40,30018,240475,360605,663
2021-12-07$162.21$145.0025.1%7.4%22.2%40.1%26.6%4.5%0.9%49.8M-1.25B-20.0M0.6517.28N/AN/A35,96523,497480,077610,426
2021-12-08$161.33$145.0024.5%7.1%22.2%36.8%24.3%3.7%0.8%39.7M-1.07B-19.6M0.404.09N/AN/A47,64418,974482,697612,895
2021-12-09$160.85$145.0025.4%7.3%22.2%41.9%25.9%4.0%0.8%46.6M-1.01B-19.1M0.376.39N/AN/A49,12818,022493,306613,855
2021-12-10$159.75$150.0023.9%6.9%22.2%33.3%25.2%3.7%1.0%70.6M-734.1M-19.3M0.596.10N/AN/A44,57426,354504,038615,724
2021-12-13$157.86$150.0024.5%6.9%22.3%36.6%23.9%4.2%-0.5%6.7M-473.6M-18.1M0.345.86N/AN/A61,59820,958485,174606,879
2021-12-14$159.46$150.0025.9%7.2%22.8%45.3%25.3%4.0%-0.6%32.6M-782.0M-18.8M0.426.56N/AN/A51,76621,932499,170612,041
2021-12-15$157.92$150.0024.9%6.9%22.9%39.3%25.1%4.4%-0.7%17.9M-481.8M-18.7M0.389.00N/AN/A54,71920,834506,893616,033
2021-12-16$160.44$150.0025.2%7.0%23.8%41.1%23.8%4.4%-1.2%62.1M-1.06B-18.5M0.305.49N/AN/A125,68737,989513,332619,999
2021-12-17$157.28$150.0026.3%7.3%24.5%47.7%25.9%4.4%-1.5%4.4M-272.9M-19.5M0.835.49N/AN/A77,15064,270533,748630,309
2021-12-20$153.46$150.0027.7%7.9%25.6%55.8%28.8%5.4%-0.7%-9.1M1.6M-19.5M0.814.43N/AN/A49,99440,455431,105573,985
2021-12-21$155.75$150.0024.6%7.0%24.1%37.6%24.3%3.6%0.0%12.7M-454.9M-18.9M0.513.87N/AN/A46,58023,821438,931586,504
2021-12-22$156.47$150.0022.9%6.6%23.1%26.7%22.8%3.7%0.6%21.5M-549.7M-19.2M0.553.41N/AN/A40,23722,026445,941592,824
2021-12-23$157.55$150.0021.9%6.3%23.4%20.5%22.3%3.0%0.1%90.0M-782.1M-19.0M0.625.71N/AN/A46,34428,704453,150599,598
2021-12-27$157.94$150.0022.2%6.4%21.5%22.8%22.3%2.8%0.1%41.5M-874.3M-18.6M0.653.13N/AN/A32,81121,246443,791585,944
2021-12-28$158.95$150.0021.8%6.2%21.6%20.3%22.2%2.9%0.4%65.9M-1.12B-18.3M0.523.37N/AN/A38,44020,056451,079593,046
2021-12-29$158.83$150.0021.3%6.0%20.9%17.1%22.7%2.7%0.3%62.2M-1.05B-18.2M0.702.92N/AN/A35,69024,877455,837599,669
2021-12-30$158.59$150.0020.7%6.0%20.9%13.8%21.2%2.3%0.2%65.5M-1.04B-18.1M0.492.65N/AN/A37,65918,581463,906608,986
2021-12-31$158.66$150.0020.8%6.0%20.0%14.0%21.5%2.2%0.3%37.1M-1.01B-18.3M0.622.99N/AN/A38,33823,691466,993612,155