JPM Options History — February 2024

In February 2024, JPM traded between $173.69 and $185.41. ATM implied volatility averaged 16.9%, placing in the 8.4% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 1.4% (HV 20d: 15.5%). Max pain ranged from $160.00 to $165.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.92.

Notable Days

  • 2024-02-23: Highest Volume — 102,030 contracts
  • 2024-02-12: Largest IV spike — 8.4% change
  • 2024-02-13: Highest IV Rank — 13.2%
  • 2024-02-13: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$178.51$173.69$185.41$173.69$185.41
Max Pain$161.25$160.00$165.00$160.00$165.00
ATM IV16.9%16.1%18.1%16.6%16.6%
Expected Move4.9%4.5%5.2%4.9%4.5%
HV 20d15.5%13.1%17.1%15.0%13.1%
HV 60d12.6%11.7%13.2%12.5%13.1%
IV Rank8.4%5.6%13.2%7.2%7.3%
IV Percentile15.6%8.3%27.0%11.9%15.1%
Term Structure0.3%-0.4%1.8%0.2%1.8%
VWIV17.5%16.1%18.8%18.2%16.1%
Skew 25d2.0%1.2%2.4%2.4%1.3%
Skew 10d5.0%2.7%6.7%5.8%3.9%
Call IV 25d16.3%15.4%17.7%16.1%15.8%
Put IV 25d18.3%17.2%20.1%18.4%17.2%
Bid-Ask Spread %2.742.126.843.922.49
Gamma HHI0.180.140.290.150.17
Net GEX137.5M103.2M227.9M121.9M141.8M
Net DEX-3.75B-4.53B-3.03B-3.10B-4.53B
Net VEX-19.8M-21.0M-18.9M-19.8M-18.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.431.341.221.05
Total Volume60,120.631,114102,03081,37853,192
Total OI940,022.25880,941994,593920,383954,203

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$173.69$160.0016.6%4.9%15.0%7.2%18.2%2.4%0.2%121.9M-3.10B-19.8M1.223.92N/AN/A36,66244,716424,540495,843
2024-02-02$174.99$160.0016.3%4.8%15.1%6.1%17.3%1.8%0.2%227.9M-3.56B-19.9M0.686.84N/AN/A38,86326,598435,708504,410
2024-02-05$174.57$160.0016.8%4.9%15.2%8.0%17.8%2.3%0.2%126.2M-3.27B-20.3M0.702.69N/AN/A30,18620,998419,223499,635
2024-02-06$174.43$160.0016.7%4.8%15.2%7.6%17.5%1.8%0.3%138.2M-3.19B-20.5M0.892.69N/AN/A23,63021,090428,098506,304
2024-02-07$175.41$160.0016.3%4.8%15.0%6.4%16.8%2.1%0.4%157.0M-3.48B-20.6M0.892.38N/AN/A17,42515,589435,883517,556
2024-02-08$174.88$160.0016.3%4.7%15.1%6.2%16.8%1.9%0.3%164.5M-3.45B-19.9M1.022.65N/AN/A23,67024,229439,586518,462
2024-02-09$174.57$160.0016.1%4.7%14.9%5.6%17.1%2.0%0.4%174.2M-3.26B-20.4M0.832.12N/AN/A34,04528,322441,022522,536
2024-02-12$175.95$160.0017.5%5.0%15.0%10.7%17.2%1.9%0.1%154.5M-3.64B-19.8M0.432.35N/AN/A49,25221,108424,142509,552
2024-02-13$173.69$160.0018.1%5.2%15.3%13.2%18.8%2.4%0.1%129.6M-3.03B-21.0M0.982.55N/AN/A31,29530,727436,906516,869
2024-02-14$175.61$160.0017.4%5.0%15.3%10.4%18.1%2.2%0.1%157.9M-3.56B-20.2M1.222.20N/AN/A18,15422,123440,444520,826
2024-02-15$179.87$160.0017.6%5.1%17.1%11.3%18.2%2.0%0.2%161.0M-4.51B-19.7M0.712.14N/AN/A54,13738,544444,735527,909
2024-02-16$178.93$160.0017.1%4.9%16.6%9.3%17.5%1.9%-0.1%113.7M-4.23B-19.8M0.932.13N/AN/A52,40748,616450,432544,161
2024-02-20$179.75$160.0017.6%5.1%16.6%11.3%18.5%2.2%-0.2%103.2M-3.57B-19.2M0.972.54N/AN/A29,05028,136389,564491,377
2024-02-21$180.47$160.0017.8%5.1%16.1%12.1%18.2%2.3%-0.4%108.3M-3.69B-19.4M1.312.52N/AN/A20,80527,206400,933503,304
2024-02-22$183.24$160.0017.0%4.9%16.5%9.0%17.8%1.7%-0.1%113.9M-4.18B-19.2M1.342.62N/AN/A27,40436,773405,183512,899
2024-02-23$184.18$165.0016.7%4.7%16.2%7.9%16.7%1.2%0.2%113.2M-4.38B-19.1M0.552.58N/AN/A65,94936,081409,955521,140
2024-02-26$183.13$165.0016.4%4.7%16.5%6.4%16.9%2.2%1.4%108.6M-4.03B-19.5M1.012.62N/AN/A25,17925,448414,707509,234
2024-02-27$183.29$165.0016.1%4.7%16.4%5.6%16.3%2.2%1.3%111.4M-4.02B-20.0M0.602.23N/AN/A19,46911,645421,448516,492
2024-02-28$184.19$165.0016.5%4.7%14.1%7.1%17.1%1.8%0.5%123.1M-4.23B-19.6M1.082.48N/AN/A21,04622,643426,058519,166
2024-02-29$185.41$165.0016.6%4.5%13.1%7.3%16.1%1.3%1.8%141.8M-4.53B-18.9M1.052.49N/AN/A25,95927,233429,815524,388