JPM Options History — April 2024

In April 2024, JPM traded between $180.68 and $198.94. ATM implied volatility averaged 20.9%, placing in the 43.2% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 2.9% (HV 20d: 23.8%). Max pain ranged from $180.00 to $190.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.75.

Notable Days

  • 2024-04-12: Highest Volume — 390,567 contracts
  • 2024-04-04: Largest IV spike — 10.1% change
  • 2024-04-10: Highest IV Rank — 69.7%
  • 2024-04-03: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$191.68$180.68$198.94$198.94$191.81
Max Pain$185.68$180.00$190.00$180.00$185.00
ATM IV20.9%18.2%25.0%21.1%19.7%
Expected Move5.9%5.0%7.1%6.6%5.4%
HV 20d23.8%16.0%29.8%16.1%28.9%
HV 60d18.3%14.6%21.3%14.6%20.5%
IV Rank43.2%24.8%69.7%43.0%35.7%
IV Percentile62.9%31.7%94.8%70.2%52.4%
Term Structure-0.3%-1.2%1.0%-0.5%-0.0%
VWIV21.1%17.4%25.2%24.0%19.2%
Skew 25d2.4%1.5%2.9%1.5%2.9%
Skew 10d6.2%3.5%7.6%3.5%6.8%
Call IV 25d20.1%17.6%24.2%20.7%18.1%
Put IV 25d22.5%20.1%26.3%22.3%20.9%
Bid-Ask Spread %3.712.0111.224.733.10
Gamma HHI0.160.080.410.170.15
Net GEX105.8M-16.2M240.6M149.9M133.9M
Net DEX-3.41B-4.97B-1.13B-4.97B-3.54B
Net VEX-21.2M-21.9M-20.4M-20.4M-21.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.201.480.670.87
Total Volume105,024.63649,274390,56751,25949,274
Total OI1,015,688.773954,9471,099,969982,6861,018,538

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$198.94$180.0021.1%6.6%16.1%43.0%24.0%1.5%-0.5%149.9M-4.97B-20.4M0.674.73N/AN/A30,63520,624481,385501,301
2024-04-02$198.89$180.0021.7%6.8%16.0%47.2%25.1%2.3%-0.6%152.4M-4.97B-20.7M0.734.66N/AN/A32,55123,672489,334510,021
2024-04-03$198.28$180.0021.8%7.1%16.2%47.8%24.8%1.9%-0.6%126.7M-4.76B-21.3M0.204.93N/AN/A176,25634,537494,082520,343
2024-04-04$196.02$185.0024.0%6.6%16.6%62.4%23.2%2.5%-0.7%76.4M-3.71B-20.7M0.976.37N/AN/A37,51236,262434,569522,886
2024-04-05$197.62$185.0023.0%6.3%16.3%55.9%23.3%2.4%-1.2%68.9M-4.06B-20.6M0.894.78N/AN/A35,32031,473440,394532,838
2024-04-08$198.32$185.0023.6%6.5%16.3%59.6%25.2%2.5%-0.6%109.0M-4.23B-21.1M1.284.21N/AN/A26,97234,462433,754524,891
2024-04-09$196.69$190.0023.8%6.6%16.7%61.5%22.8%1.9%-0.8%101.3M-3.95B-21.1M0.592.25N/AN/A38,68122,745444,088537,158
2024-04-10$195.58$190.0025.0%6.9%16.8%69.7%24.1%2.1%-0.9%99.9M-3.76B-21.7M0.742.82N/AN/A36,26126,899455,073543,411
2024-04-11$196.30$190.0024.0%6.6%16.7%65.7%23.8%1.9%-0.9%117.1M-3.91B-21.8M0.7711.22N/AN/A80,89361,882466,265546,288
2024-04-12$183.25$190.0021.6%6.1%29.4%48.9%21.7%2.1%-0.4%-16.2M-1.13B-21.5M0.582.26N/AN/A246,832143,735501,269571,008
2024-04-15$183.25$190.0020.3%5.8%28.6%40.0%20.5%2.4%0.2%45.3M-1.68B-21.8M0.602.99N/AN/A86,42351,932503,459550,848
2024-04-16$181.13$190.0020.0%5.7%28.5%37.9%19.4%2.5%0.3%3.0M-1.23B-21.4M0.683.11N/AN/A68,73746,681509,089555,709
2024-04-17$180.68$185.0019.5%5.6%28.3%34.2%19.6%2.4%0.7%13.2M-1.32B-21.3M1.482.37N/AN/A57,93185,541521,371549,717
2024-04-18$181.44$185.0019.1%5.4%27.7%31.5%18.5%2.2%1.0%42.4M-1.69B-21.9M0.602.01N/AN/A62,46237,220532,546553,333
2024-04-19$185.15$185.0019.5%5.5%28.4%33.9%19.2%2.6%0.8%240.6M-2.68B-21.6M0.752.09N/AN/A54,30940,516540,155559,814
2024-04-22$189.24$185.0019.2%5.3%29.7%32.2%18.6%2.8%-0.6%119.7M-3.38B-20.7M0.603.99N/AN/A74,58344,423466,596488,351
2024-04-23$191.64$185.0019.2%5.2%29.8%32.1%18.5%2.6%-0.5%169.6M-3.89B-21.4M0.652.49N/AN/A52,07833,796482,771507,573
2024-04-24$192.88$185.0018.6%5.2%29.8%27.9%18.2%2.8%-0.4%165.2M-4.14B-20.9M0.452.39N/AN/A45,02520,118488,941519,412
2024-04-25$193.20$185.0019.0%5.3%29.1%30.6%18.3%2.9%-0.6%159.0M-4.16B-20.9M1.242.92N/AN/A37,37246,363494,225526,018
2024-04-26$193.74$185.0018.2%5.0%29.0%24.8%17.4%2.7%-0.4%130.3M-4.17B-21.5M0.733.04N/AN/A37,80627,740496,479541,022
2024-04-29$192.93$185.0018.6%5.3%28.9%27.5%18.3%2.9%-0.0%119.7M-3.72B-20.8M0.452.84N/AN/A49,64322,365470,510518,318
2024-04-30$191.81$185.0019.7%5.4%28.9%35.7%19.2%2.9%-0.0%133.9M-3.54B-21.0M0.873.10N/AN/A26,39022,884495,065523,473