JPM Options History — March 2024

In March 2024, JPM traded between $185.31 and $200.55. ATM implied volatility averaged 20.1%, placing in the 23.0% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 6.6% (HV 20d: 13.5%). Max pain ranged from $165.00 to $180.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.86.

Notable Days

  • 2024-03-28: Highest Volume — 197,694 contracts
  • 2024-03-04: Largest IV spike — 6.4% change
  • 2024-03-27: Highest IV Rank — 34.3%
  • 2024-03-25: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$192.11$185.31$200.55$185.31$200.55
Max Pain$173.75$165.00$180.00$165.00$180.00
ATM IV20.1%16.8%22.0%16.8%20.1%
Expected Move5.9%4.5%6.2%4.5%6.0%
HV 20d13.5%11.8%15.6%12.8%15.6%
HV 60d13.4%12.5%14.4%13.1%14.4%
IV Rank23.0%7.9%34.3%7.9%32.9%
IV Percentile54.7%17.1%75.8%17.1%54.4%
Term Structure0.4%-0.8%3.0%1.1%-0.1%
VWIV21.4%16.1%22.4%16.1%21.4%
Skew 25d1.8%1.2%2.8%1.4%1.6%
Skew 10d4.5%3.2%6.4%5.1%4.1%
Call IV 25d19.6%16.0%21.3%16.0%19.9%
Put IV 25d21.4%17.5%23.8%17.5%21.5%
Bid-Ask Spread %11.082.5633.912.563.66
Gamma HHI0.190.140.390.210.39
Net GEX135.6M78.0M221.3M161.3M221.3M
Net DEX-4.81B-5.56B-4.20B-4.43B-5.56B
Net VEX-19.3M-20.2M-17.7M-19.9M-19.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.171.910.970.17
Total Volume77,940.8549,085197,69450,734197,694
Total OI969,681.95880,8461,065,888969,780972,841

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$185.31$165.0016.8%4.5%12.8%7.9%16.1%1.4%1.1%161.3M-4.43B-19.9M0.972.56N/AN/A25,72925,005437,530532,250
2024-03-04$186.73$170.0017.8%5.9%12.9%12.0%21.0%1.6%1.4%128.1M-4.62B-19.4M0.9920.77N/AN/A24,76924,610431,269516,820
2024-03-05$187.74$170.0018.3%6.0%12.7%13.8%21.7%1.7%2.8%133.7M-4.77B-19.5M0.9633.04N/AN/A28,21427,084437,007522,733
2024-03-06$189.73$170.0018.5%6.0%12.8%14.4%21.8%2.4%3.0%131.7M-5.17B-18.8M0.7410.29N/AN/A37,66127,822440,423531,603
2024-03-07$188.03$170.0019.0%6.0%13.6%16.5%22.4%1.9%2.8%110.8M-4.78B-19.3M1.0132.84N/AN/A29,00829,432446,822540,013
2024-03-08$188.41$170.0019.0%6.0%13.4%16.6%21.9%1.6%2.6%120.6M-4.91B-19.2M0.9731.95N/AN/A26,61925,900454,159544,546
2024-03-11$188.31$170.0020.1%6.0%13.4%20.6%22.2%2.4%-0.2%115.1M-4.74B-19.4M1.9133.91N/AN/A17,04732,595443,428537,176
2024-03-12$189.79$170.0020.7%5.9%13.4%22.8%22.1%2.2%-0.4%130.5M-5.06B-18.9M0.772.60N/AN/A31,04023,827449,274551,154
2024-03-13$190.95$175.0021.2%5.9%11.8%24.6%21.3%2.2%-0.6%135.7M-5.22B-18.7M0.583.64N/AN/A52,13330,420449,530558,894
2024-03-14$187.49$175.0022.0%6.1%14.1%27.6%21.5%2.8%-0.8%78.0M-4.40B-19.9M0.726.41N/AN/A46,95433,785468,825570,033
2024-03-15$190.69$175.0021.6%6.0%12.9%26.1%21.6%2.4%-0.7%151.4M-5.24B-20.1M0.885.51N/AN/A42,78437,757489,477576,411
2024-03-18$192.44$175.0021.1%6.0%12.7%24.3%21.4%1.7%-0.3%122.4M-4.20B-18.9M1.373.69N/AN/A22,14030,341404,000476,846
2024-03-19$193.53$175.0021.0%6.0%12.7%23.8%20.7%2.0%-0.7%128.4M-4.28B-19.8M0.933.94N/AN/A48,38144,788411,592488,743
2024-03-20$196.39$175.0020.3%5.8%13.3%26.2%21.0%1.8%-0.2%136.4M-4.81B-18.8M1.493.99N/AN/A38,92058,119412,375509,469
2024-03-21$198.99$175.0020.4%5.9%13.1%26.9%21.3%1.2%-0.4%146.9M-5.28B-17.7M0.376.54N/AN/A124,10546,008416,886525,165
2024-03-22$197.45$175.0020.7%5.9%13.8%28.1%21.8%1.5%-0.2%111.2M-4.86B-19.9M0.843.92N/AN/A49,82041,789446,650535,986
2024-03-25$194.70$180.0021.2%6.2%14.8%30.3%22.4%1.7%-0.1%111.1M-4.23B-19.7M0.663.83N/AN/A40,27526,567439,195502,998
2024-03-26$195.78$180.0021.0%6.2%14.8%30.9%22.0%1.7%-0.1%131.7M-4.43B-20.2M0.414.30N/AN/A34,93514,150448,742507,744
2024-03-27$199.13$180.0020.4%6.0%15.5%34.3%21.8%1.4%-0.3%205.8M-5.24B-19.4M0.504.11N/AN/A40,43620,154454,817510,213
2024-03-28$200.55$180.0020.1%6.0%15.6%32.9%21.4%1.6%-0.1%221.3M-5.56B-19.2M0.173.66N/AN/A168,93028,764456,735516,106