JPM Options History — February 2022

In February 2022, JPM traded between $141.57 and $156.94. ATM implied volatility averaged 26.5%, placing in the 58.9% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 3.0% (HV 20d: 29.5%). Max pain ranged from $155.00 to $160.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 0.73.

Notable Days

  • 2022-02-08: Highest Volume — 167,015 contracts
  • 2022-02-28: Largest IV spike — 26.0% change
  • 2022-02-28: Highest IV Rank — 100.0%
  • 2022-02-28: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$151.49$141.57$156.94$151.31$141.57
Max Pain$156.45$155.00$160.00$155.00$155.00
ATM IV26.5%22.6%35.4%24.3%35.4%
Expected Move7.7%6.7%10.3%6.8%10.3%
HV 20d29.5%21.9%37.4%37.4%32.8%
HV 60d27.8%26.7%30.4%26.7%30.4%
IV Rank58.9%30.5%100.0%43.8%100.0%
IV Percentile74.6%41.3%100.0%62.7%100.0%
Term Structure0.2%-0.7%0.8%0.5%-0.7%
VWIV27.3%23.6%36.0%24.5%36.0%
Skew 25d5.9%3.5%8.5%6.1%8.5%
Skew 10d13.6%8.3%19.9%14.6%17.3%
Call IV 25d24.7%21.2%31.1%22.5%31.1%
Put IV 25d30.6%24.8%39.6%28.6%39.6%
Bid-Ask Spread %5.893.059.494.217.03
Gamma HHI0.080.070.100.070.08
Net GEX6.1M-74.1M70.5M1.2M-57.8M
Net DEX376.7M-716.6M1.83B387.2M1.83B
Net VEX-22.8M-23.5M-21.8M-22.9M-21.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.431.040.530.79
Total Volume102,318.73762,829167,01599,146166,557
Total OI1,003,252901,7231,077,395983,885954,016

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$151.31$155.0024.3%6.8%37.4%43.8%24.5%6.1%0.5%1.2M387.2M-22.9M0.534.21N/AN/A64,95634,190460,430523,455
2022-02-02$150.18$155.0023.4%6.9%33.5%36.9%24.5%5.7%0.1%4.5M568.8M-22.5M0.564.14N/AN/A41,50223,434475,723531,958
2022-02-03$148.73$155.0025.1%7.4%32.9%49.3%26.1%5.9%0.2%-15.5M836.0M-22.9M0.707.04N/AN/A49,98234,937480,160536,171
2022-02-04$153.05$155.0023.5%7.0%34.9%37.3%24.6%4.7%0.4%57.6M-132.1M-22.9M0.519.40N/AN/A75,57138,559481,546539,247
2022-02-07$152.84$155.0023.3%6.9%34.3%35.7%25.1%5.5%0.7%21.3M115.0M-22.5M0.558.81N/AN/A40,75322,294461,018523,553
2022-02-08$155.80$155.0023.7%7.0%35.3%39.0%24.7%4.2%0.5%60.8M-554.4M-22.9M0.435.79N/AN/A116,64750,368471,033526,821
2022-02-09$156.94$155.0022.6%6.7%35.5%30.5%23.6%3.7%0.7%70.5M-716.6M-22.7M0.573.05N/AN/A49,46528,421478,344541,766
2022-02-10$155.63$155.0024.2%7.1%35.3%42.9%26.6%3.5%0.8%55.8M-412.7M-23.4M0.613.23N/AN/A87,56053,421484,293543,613
2022-02-11$153.72$155.0026.3%7.6%35.4%58.2%27.2%5.0%0.5%11.8M96.6M-23.5M1.029.49N/AN/A60,77861,915491,497557,175
2022-02-14$152.17$155.0028.7%8.3%26.8%76.6%27.1%5.9%-0.1%-906.3K366.7M-23.0M1.017.89N/AN/A62,92663,430470,024544,976
2022-02-15$154.14$160.0025.2%7.2%22.2%49.9%26.0%5.1%0.1%30.2M130.2M-23.0M0.593.70N/AN/A40,47723,928489,812566,906
2022-02-16$155.23$160.0024.4%7.0%22.0%44.5%23.9%4.6%0.2%54.4M-118.7M-23.0M0.835.79N/AN/A36,59830,228494,135568,032
2022-02-17$151.60$160.0028.1%8.1%23.6%72.0%26.8%6.9%0.0%-18.7M646.6M-22.7M0.716.10N/AN/A54,03838,150496,514567,305
2022-02-18$152.58$160.0026.9%7.7%21.9%62.9%28.2%6.9%0.0%4.1M332.2M-23.1M0.973.77N/AN/A51,76349,970503,409573,986
2022-02-22$151.71$160.0029.4%8.3%21.9%81.9%28.6%7.0%0.1%-13.3M391.4M-22.7M0.706.65N/AN/A36,92625,903398,133503,590
2022-02-23$148.33$157.5030.4%9.2%23.1%88.9%30.9%7.3%0.1%-43.8M965.7M-22.7M0.765.20N/AN/A36,26527,721408,508510,112
2022-02-24$144.06$155.0031.4%9.4%25.2%96.7%33.7%8.2%-0.2%-74.1M1.68B-21.9M0.916.09N/AN/A78,20370,835415,603516,754
2022-02-25$148.80$155.0028.1%8.3%27.4%71.9%31.3%6.9%0.1%-32.8M736.6M-22.7M1.044.46N/AN/A56,44558,940436,178535,992
2022-02-28$141.57$155.0035.4%10.3%32.8%100.0%36.0%8.5%-0.7%-57.8M1.83B-21.8M0.797.03N/AN/A93,22673,331425,689528,327