JPM Options History — May 2022

In May 2022, JPM traded between $116.55 and $132.93. ATM implied volatility averaged 32.9%, placing in the 57.0% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded below realized volatility by 0.1% (HV 20d: 33.0%). Max pain ranged from $130.00 to $145.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.89.

Notable Days

2022-05-23: Highest Volume — 166,690 contracts
2022-05-05: Largest IV spike — 15.6% change
2022-05-12: Highest IV Rank — 74.0%
2022-05-12: Largest Expected Move — 10.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$122.83	$116.55	$132.93	$120.08	$132.93
Max Pain	$137.14	$130.00	$145.00	$130.00	$135.00
ATM IV	32.9%	26.5%	37.2%	34.6%	27.5%
Expected Move	9.6%	7.9%	10.9%	10.2%	7.9%
HV 20d	33.0%	24.5%	41.1%	24.5%	38.6%
HV 60d	32.7%	31.0%	35.3%	31.2%	32.5%
IV Rank	57.0%	31.7%	74.0%	63.7%	35.6%
IV Percentile	89.4%	67.9%	96.8%	95.2%	71.8%
Term Structure	-0.0%	-1.8%	1.5%	-0.3%	0.0%
VWIV	34.3%	27.2%	46.9%	35.1%	28.9%
Skew 25d	7.0%	5.1%	8.3%	8.1%	5.8%
Skew 10d	14.3%	11.2%	17.0%	15.8%	11.2%
Call IV 25d	30.2%	24.2%	33.7%	31.0%	25.2%
Put IV 25d	37.2%	29.7%	42.1%	39.1%	31.0%
Bid-Ask Spread %	4.59	2.36	8.20	4.95	2.86
Gamma HHI	0.08	0.06	0.20	0.08	0.06
Net GEX	-29.6M	-75.6M	84.3M	-52.7M	32.9M
Net DEX	2.55B	319.3M	3.71B	3.25B	319.3M
Net VEX	-22.1M	-25.0M	-20.2M	-20.3M	-25.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.89	0.53	1.92	0.65	0.73
Total Volume	102,687.238	69,816	166,690	70,241	105,226
Total OI	1,313,078.667	1,203,506	1,409,747	1,203,506	1,311,926

Daily Data (21 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
2022-05-02	$120.08	$130.00	34.6%	10.2%	24.5%	63.7%	35.1%	8.1%	-0.3%	-52.7M	3.25B	-20.3M	0.65	4.95	N/A	N/A	42,575	27,666	579,776	623,730
2022-05-03	$122.73	$130.00	32.7%	9.7%	26.1%	56.2%	34.2%	6.7%	0.0%	-38.9M	2.82B	-21.6M	0.64	5.70	N/A	N/A	61,233	39,040	593,601	629,648
2022-05-04	$127.12	$130.00	29.3%	8.4%	29.2%	42.8%	30.8%	5.1%	0.3%	-14.1M	2.02B	-23.0M	0.63	5.18	N/A	N/A	53,950	34,049	611,908	649,021
2022-05-05	$123.25	$145.00	33.9%	9.5%	30.7%	60.9%	34.1%	7.8%	-0.4%	-34.4M	2.73B	-21.9M	0.53	6.56	N/A	N/A	60,647	32,334	622,530	648,391
2022-05-06	$123.75	$145.00	32.7%	9.4%	30.7%	56.1%	31.8%	6.7%	1.0%	-37.8M	2.64B	-22.1M	0.87	8.20	N/A	N/A	39,105	34,063	643,555	658,726
2022-05-09	$122.01	$140.00	35.8%	10.7%	30.3%	68.5%	37.4%	7.9%	1.5%	-44.7M	2.94B	-21.6M	1.17	6.16	N/A	N/A	35,277	41,098	613,372	651,549
2022-05-10	$118.39	$140.00	37.0%	10.5%	31.6%	73.3%	37.4%	8.3%	-0.1%	-62.3M	3.54B	-20.5M	0.87	6.35	N/A	N/A	50,208	43,492	623,303	668,728
2022-05-11	$118.25	$140.00	36.6%	10.3%	31.4%	71.6%	36.9%	7.3%	-0.3%	-60.5M	3.55B	-20.5M	0.66	4.35	N/A	N/A	43,701	28,954	634,650	671,095
2022-05-12	$117.29	$140.00	37.2%	10.9%	30.1%	74.0%	46.9%	8.0%	0.9%	-70.8M	3.69B	-20.2M	1.92	7.29	N/A	N/A	39,191	75,255	641,742	674,343
2022-05-13	$119.08	$140.00	33.6%	9.7%	30.8%	59.6%	34.8%	7.4%	0.3%	-61.7M	3.47B	-20.4M	0.96	2.81	N/A	N/A	51,146	49,223	649,027	714,445
2022-05-16	$118.00	$140.00	32.5%	9.3%	30.2%	55.5%	33.6%	6.9%	0.5%	-67.4M	3.71B	-20.2M	0.89	2.70	N/A	N/A	41,546	36,818	637,273	714,009
2022-05-17	$122.33	$140.00	32.0%	9.3%	32.2%	53.7%	31.5%	6.2%	-1.8%	-40.9M	2.83B	-21.5M	0.73	3.78	N/A	N/A	86,094	62,624	647,403	712,716
2022-05-18	$119.63	$140.00	34.7%	9.9%	32.7%	64.2%	35.5%	7.6%	-0.9%	-53.3M	3.30B	-21.5M	1.28	6.14	N/A	N/A	57,425	73,253	670,925	724,699
2022-05-19	$118.39	$135.00	33.4%	9.6%	32.7%	59.2%	34.4%	7.6%	0.4%	-72.2M	3.42B	-21.0M	1.69	3.20	N/A	N/A	40,613	68,504	667,925	721,403
2022-05-20	$116.55	$135.00	34.6%	10.1%	32.3%	63.7%	37.2%	8.1%	-1.8%	-75.6M	3.69B	-20.8M	1.44	3.29	N/A	N/A	47,387	68,118	674,834	734,913
2022-05-23	$124.65	$135.00	32.7%	9.7%	41.1%	56.4%	34.5%	6.3%	-0.1%	-19.1M	1.90B	-23.5M	0.58	3.24	N/A	N/A	105,433	61,257	561,412	678,429
2022-05-24	$126.70	$135.00	32.8%	9.7%	40.2%	56.5%	34.0%	6.6%	-0.5%	2.9M	1.44B	-24.3M	0.60	3.49	N/A	N/A	93,006	55,529	591,441	702,870
2022-05-25	$127.71	$135.00	31.1%	9.3%	39.9%	49.9%	32.6%	6.1%	0.0%	22.8M	1.19B	-25.0M	0.71	2.36	N/A	N/A	40,886	28,930	615,527	708,433
2022-05-26	$129.76	$135.00	29.6%	8.6%	40.1%	44.1%	32.0%	7.0%	0.4%	42.0M	682.0M	-25.0M	0.60	4.87	N/A	N/A	66,739	39,722	622,930	714,434
2022-05-27	$130.82	$135.00	26.5%	7.9%	38.4%	31.7%	27.2%	5.5%	0.2%	84.3M	403.6M	-24.6M	0.55	2.98	N/A	N/A	61,210	33,905	634,220	723,790
2022-05-31	$132.93	$135.00	27.5%	7.9%	38.6%	35.6%	28.9%	5.8%	0.0%	32.9M	319.3M	-25.0M	0.73	2.86	N/A	N/A	60,745	44,481	608,877	703,049