JPM Options History — June 2023

In June 2023, JPM traded between $137.38 and $145.62. ATM implied volatility averaged 19.8%, placing in the 7.3% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 2.3% (HV 20d: 17.5%). Max pain ranged from $135.00 to $135.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.59.

Notable Days

  • 2023-06-30: Highest Volume — 210,667 contracts
  • 2023-06-02: Largest IV drop — 10.9% change
  • 2023-06-28: Highest IV Rank — 14.3%
  • 2023-06-28: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$140.90$137.38$145.62$137.38$145.62
Max Pain$135.00$135.00$135.00$135.00$135.00
ATM IV19.8%17.9%21.6%20.3%19.1%
Expected Move5.8%5.0%6.3%5.7%5.6%
HV 20d17.5%15.0%20.6%18.1%20.6%
HV 60d25.9%23.5%31.1%30.8%24.5%
IV Rank7.3%0.0%14.3%9.2%4.7%
IV Percentile7.3%0.0%19.0%5.6%4.0%
Term Structure0.3%-1.3%2.2%0.3%-0.4%
VWIV20.5%18.1%23.0%19.8%20.1%
Skew 25d3.9%2.0%5.1%5.1%2.0%
Skew 10d7.4%3.8%9.8%9.8%3.8%
Call IV 25d18.5%16.2%20.6%17.9%19.1%
Put IV 25d22.3%20.1%24.2%23.1%21.1%
Bid-Ask Spread %2.371.564.522.204.52
Gamma HHI0.110.070.180.090.15
Net GEX144.2M19.8M282.1M82.3M279.5M
Net DEX-1.99B-3.44B-791.5M-1.31B-3.44B
Net VEX-23.7M-24.0M-22.8M-24.0M-24.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.281.130.710.30
Total Volume91,276.90548,508210,66777,611210,667
Total OI1,342,849.3811,109,7771,519,8531,394,0041,311,254

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$137.38$135.0020.3%5.7%18.1%9.2%19.8%5.1%0.3%82.3M-1.31B-24.0M0.712.20N/AN/A45,29632,315675,411718,593
2023-06-02$140.82$135.0018.1%5.0%18.9%0.6%18.1%4.1%0.6%191.4M-2.46B-24.0M0.672.08N/AN/A74,07649,573684,170727,851
2023-06-05$139.01$135.0019.4%6.0%18.4%5.4%21.9%4.7%1.9%106.6M-1.67B-23.8M0.661.94N/AN/A41,71627,526678,280711,738
2023-06-06$139.14$135.0018.7%5.8%18.4%3.0%20.6%4.2%2.0%119.0M-1.78B-23.9M0.681.94N/AN/A31,34821,378693,655721,131
2023-06-07$140.87$135.0018.5%5.9%18.8%2.2%20.3%4.3%1.8%181.7M-2.41B-23.9M0.732.04N/AN/A39,09728,560703,676726,976
2023-06-08$140.64$135.0017.9%5.7%18.8%0.0%20.7%4.1%2.2%170.6M-2.28B-23.7M0.761.87N/AN/A27,53420,974709,422737,856
2023-06-09$141.05$135.0018.5%5.8%18.7%2.6%20.5%3.9%2.2%227.3M-2.43B-23.8M0.533.06N/AN/A58,81531,247715,473744,043
2023-06-12$141.16$135.0020.1%5.9%17.3%8.7%20.3%4.9%-0.2%164.0M-2.34B-23.6M0.511.85N/AN/A50,74425,784703,758739,842
2023-06-13$141.93$135.0020.2%5.9%17.2%9.1%20.0%4.2%0.4%203.8M-2.65B-23.6M0.392.50N/AN/A57,94822,836720,720746,338
2023-06-14$141.37$135.0020.7%5.8%17.3%10.9%20.8%4.0%-0.3%170.2M-2.43B-23.3M0.512.47N/AN/A56,56028,968727,472754,222
2023-06-15$143.26$135.0020.5%5.5%15.6%10.1%20.5%3.7%-1.3%282.1M-3.12B-23.6M0.762.03N/AN/A50,97938,633738,568762,830
2023-06-16$143.34$135.0019.0%5.2%15.3%4.5%19.3%3.4%-1.1%178.0M-3.11B-22.8M0.491.56N/AN/A61,34330,212745,736774,117
2023-06-20$142.45$135.0020.1%5.7%15.5%8.6%20.0%4.0%0.0%104.0M-1.65B-23.1M0.522.77N/AN/A39,50920,538526,928582,849
2023-06-21$142.69$135.0019.6%5.6%15.0%6.6%19.6%3.6%0.0%124.7M-1.74B-23.3M0.282.51N/AN/A89,91725,034539,867589,742
2023-06-22$139.38$135.0020.9%6.0%17.1%11.6%21.2%3.8%0.0%37.2M-854.8M-23.8M0.571.84N/AN/A65,57637,419580,129597,673
2023-06-23$138.94$135.0020.6%5.9%16.7%10.6%21.4%3.3%-0.2%19.8M-791.5M-24.0M1.131.86N/AN/A28,02231,573607,409610,224
2023-06-26$139.32$135.0021.0%6.1%16.7%12.0%20.7%4.3%0.0%60.1M-1.00B-23.7M0.564.47N/AN/A47,09526,451586,221600,424
2023-06-27$139.19$135.0020.7%6.1%16.5%11.1%21.7%3.5%-0.2%67.1M-1.04B-23.7M0.581.79N/AN/A38,37322,075606,362612,126
2023-06-28$138.22$135.0021.6%6.3%16.7%14.3%23.0%3.6%-0.5%48.1M-797.5M-23.3M0.722.29N/AN/A41,92530,062616,387615,842
2023-06-29$143.18$135.0019.9%5.8%20.2%8.0%21.0%2.3%-0.4%210.9M-2.52B-24.0M0.432.18N/AN/A146,64562,472631,470623,052
2023-06-30$145.62$135.0019.1%5.6%20.6%4.7%20.1%2.0%-0.4%279.5M-3.44B-24.0M0.304.52N/AN/A162,00548,662666,659644,595