JPM Options History — August 2022

In August 2022, JPM traded between $112.17 and $123.86. ATM implied volatility averaged 26.2%, placing in the 30.6% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded below realized volatility by 0.7% (HV 20d: 26.9%). Max pain ranged from $115.00 to $125.00. Net GEX was positive for 8 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 0.73.

Notable Days

  • 2022-08-05: Highest Volume — 150,853 contracts
  • 2022-08-22: Largest IV spike — 13.4% change
  • 2022-08-29: Highest IV Rank — 44.0%
  • 2022-08-29: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$117.08$112.17$123.86$114.36$114.32
Max Pain$120.87$115.00$125.00$115.00$120.00
ATM IV26.2%23.3%29.6%27.2%29.5%
Expected Move7.5%6.7%8.4%7.8%8.4%
HV 20d26.9%21.8%32.2%30.1%26.1%
HV 60d30.8%28.5%32.8%32.6%29.1%
IV Rank30.6%19.1%44.0%34.4%43.6%
IV Percentile48.3%26.6%70.2%56.0%69.0%
Term Structure0.3%-0.6%1.4%-0.5%0.9%
VWIV26.4%23.6%31.2%26.9%30.6%
Skew 25d5.5%4.3%6.7%5.6%6.7%
Skew 10d11.2%8.6%13.8%12.2%13.7%
Call IV 25d24.0%21.5%26.8%24.6%26.6%
Put IV 25d29.5%25.7%33.4%30.2%33.4%
Bid-Ask Spread %2.551.366.544.363.94
Gamma HHI0.090.060.250.070.07
Net GEX-402.4K-47.4M110.8M-24.6M-36.7M
Net DEX1.39B-96.2M2.25B1.94B2.17B
Net VEX-22.3M-23.9M-19.7M-20.3M-23.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.351.290.860.84
Total Volume82,673.91344,622150,85377,79564,794
Total OI1,196,905.9131,059,3841,318,0511,059,3841,266,532

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-08-01$114.36$115.0027.2%7.8%30.1%34.4%26.9%5.6%-0.5%-24.6M1.94B-20.3M0.864.36N/AN/A41,82035,975459,347600,037
2022-08-02$112.90$115.0027.6%7.9%29.7%36.0%26.8%6.4%-0.6%-36.8M2.19B-19.9M0.703.73N/AN/A40,52428,303469,004614,528
2022-08-03$113.88$115.0026.4%7.5%29.8%31.4%26.2%5.9%-0.5%-22.8M1.99B-20.2M0.713.11N/AN/A54,68738,866483,023620,380
2022-08-04$112.17$125.0027.2%8.0%29.5%34.3%26.1%5.6%-0.3%-35.2M2.25B-19.7M0.352.00N/AN/A80,50727,959495,699626,521
2022-08-05$115.81$125.0025.3%7.5%31.7%27.1%25.6%4.9%-0.2%50.9M1.39B-21.5M0.392.27N/AN/A108,86541,988529,343634,690
2022-08-08$114.67$125.0026.0%7.5%31.1%29.9%25.8%5.6%0.3%-5.9M1.75B-21.0M0.581.47N/AN/A56,93032,740505,492626,495
2022-08-09$115.19$125.0026.1%7.5%31.2%30.1%26.2%5.1%0.2%-2.3M1.66B-21.3M0.431.98N/AN/A50,66822,020519,570637,670
2022-08-10$118.33$125.0023.7%6.8%32.2%20.7%24.3%4.3%0.3%48.3M949.0M-22.1M0.671.93N/AN/A73,51649,020535,235644,377
2022-08-11$120.01$125.0024.3%7.1%28.5%23.0%24.8%4.4%0.5%67.5M553.5M-22.8M0.501.69N/AN/A66,87333,641544,571657,057
2022-08-12$121.88$125.0023.4%7.0%24.3%19.6%25.2%4.3%1.4%110.8M149.9M-23.2M0.541.71N/AN/A62,99134,073549,205670,175
2022-08-15$122.49$120.0024.6%7.2%23.6%24.4%25.2%4.3%-0.5%36.0M189.2M-23.1M0.671.40N/AN/A44,35429,547536,621660,459
2022-08-16$123.86$120.0023.3%6.7%21.8%19.1%24.8%5.0%1.0%37.9M-96.2M-23.8M0.621.55N/AN/A45,76528,209552,186673,399
2022-08-17$122.66$120.0023.6%6.8%22.3%20.1%25.5%4.8%1.4%31.9M146.3M-23.5M1.002.35N/AN/A57,15957,065560,383680,453
2022-08-18$121.69$120.0024.3%7.0%22.6%22.9%23.6%4.5%-0.1%24.2M291.5M-23.9M0.881.47N/AN/A35,23330,961587,668715,113
2022-08-19$118.67$120.0024.7%6.9%24.6%24.5%24.9%5.7%1.3%-47.4M1.08B-23.5M0.831.36N/AN/A50,08541,485593,720724,331
2022-08-22$116.27$120.0028.0%7.9%25.8%37.6%27.5%6.7%0.1%-30.2M1.82B-22.7M0.782.61N/AN/A32,38025,389525,788648,590
2022-08-23$115.51$120.0027.3%7.7%25.1%34.8%27.1%5.8%0.2%-32.7M1.96B-22.8M0.682.28N/AN/A30,74220,945539,179661,909
2022-08-24$116.02$120.0026.7%7.5%24.1%32.6%26.1%6.1%0.3%-28.3M1.84B-22.9M0.892.12N/AN/A35,59231,544548,890666,370
2022-08-25$118.27$120.0025.8%7.2%24.8%28.8%25.4%5.6%0.2%-5.4M1.34B-23.8M0.562.66N/AN/A33,39118,676559,826675,230
2022-08-26$114.94$120.0029.2%8.2%26.9%42.3%28.2%6.2%-0.2%-37.8M2.04B-23.0M1.213.42N/AN/A47,68857,527570,850679,505
2022-08-29$114.45$120.0029.6%8.4%26.7%44.0%28.2%6.5%1.0%-35.8M2.11B-22.5M0.802.68N/AN/A24,84819,774553,610677,342
2022-08-30$114.51$120.0029.5%8.2%26.3%43.4%31.2%6.5%0.4%-34.8M2.12B-22.8M1.296.54N/AN/A24,64731,734561,159687,304
2022-08-31$114.32$120.0029.5%8.4%26.1%43.6%30.6%6.7%0.9%-36.7M2.17B-23.0M0.843.94N/AN/A35,26729,527567,676698,856