JPM Options History — October 2023

In October 2023, JPM traded between $135.57 and $148.06. ATM implied volatility averaged 23.6%, placing in the 29.5% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 8.3% (HV 20d: 15.3%). Max pain ranged from $145.00 to $150.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.86.

Notable Days

  • 2023-10-13: Highest Volume — 395,944 contracts
  • 2023-10-16: Largest IV drop — 12.8% change
  • 2023-10-03: Highest IV Rank — 43.7%
  • 2023-10-03: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$143.31$135.57$148.06$143.49$138.84
Max Pain$145.23$145.00$150.00$145.00$145.00
ATM IV23.6%18.9%27.9%26.5%21.2%
Expected Move6.9%5.4%8.8%8.3%6.3%
HV 20d15.3%13.0%19.3%15.3%19.3%
HV 60d15.4%14.6%16.9%16.0%16.9%
IV Rank29.5%13.0%43.7%38.6%21.8%
IV Percentile53.5%13.1%72.2%66.7%36.9%
Term Structure-0.4%-1.2%0.5%-0.7%0.3%
VWIV23.7%19.6%30.0%27.8%22.4%
Skew 25d5.3%4.3%6.1%5.4%4.3%
Skew 10d10.9%9.1%12.8%11.2%9.1%
Call IV 25d21.1%17.3%25.5%23.8%19.3%
Put IV 25d26.4%22.4%31.4%29.3%23.6%
Bid-Ask Spread %1.811.432.761.801.78
Gamma HHI0.070.060.120.060.08
Net GEX13.8M-61.3M127.4M-16.5M-26.3M
Net DEX-359.1M-1.60B1.25B-82.9M217.6M
Net VEX-22.4M-23.0M-21.6M-22.4M-21.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.341.500.610.97
Total Volume85,403.31837,191395,94450,73540,277
Total OI1,169,3481,085,5271,274,6091,085,5271,172,704

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$143.49$145.0026.5%8.3%15.3%38.6%27.8%5.4%-0.7%-16.5M-82.9M-22.4M0.611.80N/AN/A31,45819,277496,130589,397
2023-10-03$142.67$145.0027.9%8.8%15.1%43.7%29.9%5.9%-0.9%-20.8M66.1M-22.7M0.992.27N/AN/A28,63028,313507,265599,374
2023-10-04$143.24$145.0027.1%8.6%15.2%40.8%30.0%5.7%-1.0%-10.8M-58.1M-22.5M0.681.84N/AN/A34,23323,179516,038608,960
2023-10-05$143.05$150.0026.8%7.1%14.7%39.5%24.9%5.5%-0.9%-7.3M-168.7M-22.7M0.791.97N/AN/A28,89322,809517,141619,792
2023-10-06$145.36$145.0025.0%6.9%15.8%33.2%24.5%5.0%-0.9%53.5M-937.2M-22.5M0.891.67N/AN/A35,60631,538525,457621,060
2023-10-09$144.68$145.0025.8%7.1%15.9%36.1%25.1%4.9%-0.7%20.3M-681.9M-22.5M0.661.74N/AN/A22,41414,777511,508604,406
2023-10-10$145.75$145.0024.9%7.0%15.1%32.8%23.5%5.0%-0.3%34.6M-935.4M-22.3M0.951.45N/AN/A28,26826,995517,124609,874
2023-10-11$146.20$145.0024.3%6.9%15.2%30.8%22.9%4.5%-0.3%43.1M-1.06B-22.5M0.631.58N/AN/A30,50919,347527,808625,553
2023-10-12$146.10$145.0024.0%6.8%13.0%29.8%23.3%4.3%-0.4%47.4M-1.07B-22.3M0.911.61N/AN/A58,63653,525539,466630,666
2023-10-13$148.06$145.0021.7%6.1%13.8%21.7%21.2%5.0%-0.7%127.4M-1.60B-22.7M0.591.49N/AN/A249,704146,240558,742655,918
2023-10-16$147.75$145.0018.9%5.4%13.8%13.0%19.6%5.3%0.5%88.2M-1.31B-22.0M0.342.76N/AN/A106,88836,034569,136635,288
2023-10-17$147.01$145.0020.5%5.9%13.9%19.1%19.9%5.0%-1.2%67.8M-1.19B-22.4M0.641.60N/AN/A45,28628,957589,851642,361
2023-10-18$145.55$145.0021.9%6.3%14.2%24.6%21.0%5.8%-1.0%24.4M-737.5M-22.9M1.501.75N/AN/A33,99551,102602,762651,847
2023-10-19$145.23$145.0022.2%6.4%14.0%25.8%21.7%5.4%-0.6%9.1M-653.6M-23.0M1.171.68N/AN/A29,23734,281610,341660,175
2023-10-20$142.99$145.0022.1%6.3%14.8%25.4%22.6%6.1%0.2%25.9M114.5M-22.8M0.861.43N/AN/A51,27844,210611,801662,808
2023-10-23$141.16$145.0023.1%6.8%15.3%29.0%23.0%5.9%0.1%-16.3M138.8M-22.2M0.651.89N/AN/A34,07622,179529,391586,816
2023-10-24$141.41$145.0021.5%6.4%15.3%23.1%22.6%5.3%0.3%-12.6M37.0M-22.0M0.901.97N/AN/A36,32032,673541,950590,030
2023-10-25$140.47$145.0023.0%6.8%15.3%28.6%21.6%5.7%0.0%-21.6M188.7M-22.3M0.911.83N/AN/A31,61228,771556,072601,999
2023-10-26$140.80$145.0022.9%6.8%14.0%28.3%24.9%5.3%0.0%-5.7M46.0M-22.6M1.181.72N/AN/A27,77132,762568,009606,998
2023-10-27$135.57$145.0024.3%7.2%18.3%33.8%24.9%5.5%0.3%-61.3M1.25B-21.8M1.132.03N/AN/A64,61072,720574,649622,514
2023-10-30$137.41$145.0022.9%6.7%18.9%28.3%23.3%5.1%0.2%-39.6M523.0M-21.6M0.971.88N/AN/A30,16929,314553,034603,441
2023-10-31$138.84$145.0021.2%6.3%19.3%21.8%22.4%4.3%0.3%-26.3M217.6M-21.7M0.971.78N/AN/A20,48819,789560,720611,984