JPM Options History — November 2022

In November 2022, JPM traded between $127.43 and $137.44. ATM implied volatility averaged 26.3%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 1.3% (HV 20d: 27.6%). Max pain ranged from $115.00 to $125.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 1.29.

Notable Days

  • 2022-11-04: Highest Volume — 125,155 contracts
  • 2022-11-28: Largest IV spike — 10.7% change
  • 2022-11-09: Highest IV Rank — 39.9%
  • 2022-11-03: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$133.01$127.43$137.44$128.02$137.44
Max Pain$120.48$115.00$125.00$115.00$125.00
ATM IV26.3%22.7%29.5%28.3%23.2%
Expected Move7.7%6.5%8.7%8.6%7.2%
HV 20d27.6%20.2%37.4%37.4%22.6%
HV 60d31.9%31.4%32.8%32.0%31.9%
IV Rank25.2%8.6%39.9%35.5%10.4%
IV Percentile29.1%4.0%55.2%48.0%5.2%
Term Structure0.5%-0.7%2.0%0.1%1.1%
VWIV28.4%23.2%31.7%30.1%25.9%
Skew 25d4.7%3.8%5.4%4.3%4.4%
Skew 10d9.5%7.3%11.3%8.7%8.7%
Call IV 25d24.2%20.8%27.2%26.4%20.9%
Put IV 25d28.9%25.3%32.0%30.7%25.3%
Bid-Ask Spread %2.221.503.423.072.48
Gamma HHI0.130.090.210.110.09
Net GEX90.8M43.1M148.8M84.4M77.5M
Net DEX-2.46B-3.68B-1.70B-1.88B-2.71B
Net VEX-26.1M-26.7M-25.3M-26.5M-25.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.290.731.721.321.72
Total Volume83,012.28636,258125,15570,712104,018
Total OI1,458,556.2861,364,9131,562,0831,411,3511,443,647

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-11-01$128.02$115.0028.3%8.6%37.4%35.5%30.1%4.3%0.1%84.4M-1.88B-26.5M1.323.07N/AN/A30,48140,231671,382739,969
2022-11-02$127.67$115.0028.3%8.5%36.8%34.7%29.9%4.0%0.1%82.5M-1.83B-26.5M1.533.17N/AN/A33,19850,795678,860751,743
2022-11-03$127.43$115.0028.8%8.7%35.1%36.9%31.2%4.2%0.1%75.9M-1.76B-26.6M1.192.36N/AN/A37,42444,506686,533764,780
2022-11-04$130.60$115.0027.3%8.2%33.7%30.4%30.4%3.8%0.4%95.7M-2.62B-26.7M1.192.37N/AN/A57,17367,982696,368773,649
2022-11-07$131.31$115.0028.2%8.5%33.2%34.2%29.8%4.0%1.3%102.5M-2.55B-26.5M1.532.12N/AN/A26,96941,213681,457760,843
2022-11-08$131.77$120.0028.3%8.6%29.8%34.8%31.3%4.4%1.5%103.3M-2.56B-26.7M0.892.09N/AN/A35,38231,645686,457774,127
2022-11-09$129.40$120.0029.5%8.7%31.6%39.9%31.7%4.9%0.7%85.3M-1.93B-26.7M1.322.38N/AN/A26,11734,360692,789783,061
2022-11-10$134.70$120.0026.6%8.0%30.4%27.3%30.1%4.6%1.6%141.1M-3.39B-26.0M1.212.04N/AN/A53,51864,674696,523788,034
2022-11-11$135.76$120.0025.9%7.8%30.0%24.3%28.3%4.4%2.0%148.8M-3.68B-25.6M1.211.74N/AN/A49,69960,345703,369809,410
2022-11-14$134.47$120.0026.7%7.8%28.6%28.0%29.8%5.2%-0.3%125.5M-3.10B-25.7M1.402.06N/AN/A26,80137,474689,605798,949
2022-11-15$132.87$120.0026.1%7.5%28.6%25.4%28.4%5.4%0.8%108.0M-2.57B-26.1M1.571.97N/AN/A36,79857,729696,185812,703
2022-11-16$133.14$120.0026.1%7.5%26.1%25.2%28.5%5.3%0.9%125.7M-2.66B-25.9M1.421.93N/AN/A50,12271,119701,939820,645
2022-11-17$132.41$125.0027.4%7.9%26.3%30.6%27.5%5.1%-0.7%92.7M-2.29B-26.2M0.981.50N/AN/A39,76839,119707,093840,072
2022-11-18$133.87$120.0025.5%7.3%20.2%21.4%28.4%4.9%0.6%51.5M-2.73B-26.0M0.731.73N/AN/A46,88934,030716,096845,987
2022-11-21$133.01$120.0025.8%7.3%20.6%21.7%27.0%5.1%-0.5%43.1M-1.70B-25.6M1.542.01N/AN/A26,31740,413605,137759,776
2022-11-22$135.14$125.0024.1%6.8%21.0%14.7%25.5%5.1%-0.6%68.2M-2.20B-25.8M1.222.01N/AN/A39,30447,913613,045774,753
2022-11-23$136.23$125.0022.9%6.5%20.9%9.4%24.6%4.5%-0.3%84.0M-2.45B-25.7M1.462.40N/AN/A34,87050,862623,236792,360
2022-11-25$137.09$125.0022.7%6.5%20.9%8.6%23.2%4.5%-0.4%96.7M-2.72B-25.3M1.281.91N/AN/A15,90120,357631,514796,579
2022-11-28$134.44$125.0025.2%7.6%22.4%19.2%26.9%5.2%0.9%48.0M-1.88B-25.8M1.191.96N/AN/A32,40238,414619,670781,640
2022-11-29$136.41$125.0024.4%7.4%22.7%16.0%27.1%4.9%0.4%66.3M-2.40B-25.9M1.283.42N/AN/A29,33637,590630,659789,038
2022-11-30$137.44$125.0023.2%7.2%22.6%10.4%25.9%4.4%1.1%77.5M-2.71B-25.9M1.722.48N/AN/A38,19765,821641,168802,479