JPM Options History — April 2022

In April 2022, JPM traded between $119.65 and $135.71. ATM implied volatility averaged 30.0%, placing in the 45.7% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 5.3% (HV 20d: 24.7%). Max pain ranged from $130.00 to $145.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.68.

Notable Days

2022-04-13: Highest Volume — 283,878 contracts
2022-04-13: Largest IV drop — 16.8% change
2022-04-26: Highest IV Rank — 66.5%
2022-04-26: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$129.15	$119.65	$135.71	$134.77	$119.65
Max Pain	$136.50	$130.00	$145.00	$145.00	$130.00
ATM IV	30.0%	25.1%	35.3%	27.2%	34.3%
Expected Move	8.5%	7.2%	10.1%	8.1%	9.9%
HV 20d	24.7%	21.1%	32.1%	32.1%	24.6%
HV 60d	31.8%	30.5%	33.8%	33.6%	31.2%
IV Rank	45.7%	26.4%	66.5%	34.6%	62.7%
IV Percentile	88.0%	69.4%	96.0%	83.7%	94.8%
Term Structure	-0.2%	-1.3%	3.0%	3.0%	-0.9%
VWIV	29.5%	24.3%	34.6%	27.8%	32.8%
Skew 25d	6.1%	3.6%	8.3%	3.7%	8.3%
Skew 10d	13.0%	7.3%	18.1%	7.3%	18.1%
Call IV 25d	27.7%	23.3%	31.8%	27.3%	31.4%
Put IV 25d	33.8%	28.4%	40.1%	31.0%	39.7%
Bid-Ask Spread %	4.60	2.09	11.26	11.26	3.97
Gamma HHI	0.09	0.06	0.13	0.12	0.13
Net GEX	-49.4M	-92.2M	-3.8M	-80.3M	-70.4M
Net DEX	2.45B	1.60B	3.41B	2.10B	3.41B
Net VEX	-21.6M	-23.0M	-20.0M	-21.6M	-20.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.68	0.46	0.92	0.91	0.67
Total Volume	112,203.5	61,576	283,878	125,774	71,787
Total OI	1,163,448.75	1,085,837	1,287,037	1,122,807	1,230,853

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-04-01	$134.77	$145.00	27.2%	8.1%	32.1%	34.6%	27.8%	3.7%	3.0%	-80.3M	2.10B	-21.6M	0.91	11.26	N/A	N/A	65,789	59,985	538,431	584,376
2022-04-04	$135.71	$145.00	27.5%	7.7%	30.1%	35.5%	26.9%	4.0%	-0.4%	-54.4M	1.90B	-21.2M	0.74	6.24	N/A	N/A	87,647	64,483	510,627	575,210
2022-04-05	$133.24	$145.00	29.7%	8.3%	30.9%	44.4%	29.0%	5.6%	-0.6%	-55.2M	2.25B	-21.7M	0.63	8.11	N/A	N/A	44,973	28,174	537,789	596,187
2022-04-06	$131.47	$140.00	32.1%	8.9%	27.2%	53.8%	30.0%	6.6%	-0.7%	-60.9M	2.51B	-21.8M	0.82	7.15	N/A	N/A	54,314	44,536	552,464	598,975
2022-04-07	$131.78	$140.00	31.6%	9.0%	26.2%	51.8%	30.5%	3.6%	-0.4%	-48.8M	2.38B	-21.8M	0.66	6.72	N/A	N/A	64,972	42,910	560,608	601,545
2022-04-08	$133.65	$140.00	31.9%	8.7%	25.5%	53.1%	30.5%	6.8%	-0.6%	-30.2M	1.98B	-22.7M	0.52	5.92	N/A	N/A	76,645	39,652	571,654	607,228
2022-04-11	$133.37	$135.00	33.3%	9.1%	25.4%	58.5%	31.8%	6.4%	-1.3%	-33.4M	1.98B	-22.7M	0.54	4.38	N/A	N/A	55,252	29,732	545,349	595,678
2022-04-12	$131.23	$135.00	33.1%	9.4%	25.0%	57.7%	31.8%	6.8%	-0.1%	-45.1M	2.39B	-22.0M	0.75	4.84	N/A	N/A	87,858	65,976	559,624	602,116
2022-04-13	$127.42	$135.00	27.5%	8.1%	22.2%	35.8%	28.0%	5.5%	0.6%	-92.2M	3.18B	-20.0M	0.86	2.84	N/A	N/A	152,790	131,088	591,201	623,407
2022-04-14	$126.48	$135.00	27.3%	7.9%	21.1%	34.8%	26.0%	6.0%	0.4%	-83.1M	3.32B	-20.1M	0.68	2.09	N/A	N/A	111,360	75,400	631,748	655,289
2022-04-18	$128.22	$135.00	27.7%	7.9%	22.0%	36.5%	27.6%	5.8%	-0.1%	-40.4M	2.28B	-21.5M	0.56	2.31	N/A	N/A	65,661	36,887	517,797	576,769
2022-04-19	$131.09	$135.00	25.6%	7.3%	23.8%	28.1%	25.4%	5.1%	0.3%	-15.7M	1.75B	-22.1M	0.51	2.27	N/A	N/A	71,658	36,623	529,824	586,365
2022-04-20	$131.77	$135.00	25.1%	7.2%	21.8%	26.4%	24.3%	5.1%	0.2%	-3.8M	1.60B	-22.8M	0.64	3.57	N/A	N/A	59,596	38,260	553,531	593,018
2022-04-21	$130.53	$135.00	26.9%	7.7%	21.5%	33.5%	27.2%	5.8%	0.4%	-19.8M	1.88B	-23.0M	0.46	3.55	N/A	N/A	59,080	27,043	574,216	605,840
2022-04-22	$127.65	$135.00	29.5%	8.4%	22.4%	43.7%	30.3%	6.6%	0.3%	-41.9M	2.46B	-22.6M	0.92	3.61	N/A	N/A	39,848	36,613	567,609	613,918
2022-04-25	$126.81	$135.00	30.8%	8.8%	21.9%	48.7%	32.3%	7.4%	-0.5%	-46.7M	2.49B	-21.9M	0.76	3.64	N/A	N/A	53,171	40,434	533,040	591,655
2022-04-26	$123.33	$135.00	35.3%	10.1%	23.2%	66.5%	34.6%	8.2%	-1.1%	-50.9M	2.88B	-21.3M	0.82	3.61	N/A	N/A	41,994	34,539	550,355	602,758
2022-04-27	$121.66	$130.00	33.5%	9.6%	23.0%	59.5%	33.6%	8.0%	-0.7%	-58.8M	3.18B	-20.5M	0.57	2.73	N/A	N/A	54,771	30,993	568,150	616,769
2022-04-28	$123.09	$130.00	30.9%	8.8%	24.0%	49.0%	29.2%	7.4%	-0.8%	-56.8M	3.02B	-21.0M	0.66	3.22	N/A	N/A	37,197	24,379	592,247	624,755
2022-04-29	$119.65	$130.00	34.3%	9.9%	24.6%	62.7%	32.8%	8.3%	-0.9%	-70.4M	3.41B	-20.2M	0.67	3.97	N/A	N/A	42,938	28,849	599,356	631,497