JPM Options History — May 2024

In May 2024, JPM traded between $190.32 and $204.84. ATM implied volatility averaged 17.4%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded below realized volatility by 4.5% (HV 20d: 21.9%). Max pain ranged from $170.00 to $185.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.70.

Notable Days

  • 2024-05-20: Highest Volume — 223,279 contracts
  • 2024-05-28: Largest IV spike — 6.9% change
  • 2024-05-02: Highest IV Rank — 30.8%
  • 2024-05-01: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$197.76$190.32$204.84$193.24$202.01
Max Pain$174.32$170.00$185.00$185.00$175.00
ATM IV17.4%15.8%19.0%18.6%18.7%
Expected Move4.9%4.5%5.3%5.3%5.0%
HV 20d21.9%13.2%30.0%29.1%21.4%
HV 60d21.4%20.2%22.7%20.5%22.7%
IV Rank20.3%9.1%30.8%27.5%30.5%
IV Percentile25.0%6.7%46.4%36.9%46.4%
Term Structure0.3%-0.2%1.2%-0.1%0.6%
VWIV17.4%15.9%18.4%18.3%17.4%
Skew 25d1.7%0.3%2.8%2.3%2.5%
Skew 10d4.6%2.9%8.1%6.4%7.5%
Call IV 25d16.7%15.2%17.8%17.8%17.5%
Put IV 25d18.4%16.5%20.1%20.1%20.0%
Bid-Ask Spread %2.851.928.534.162.35
Gamma HHI0.190.130.360.160.21
Net GEX155.4M44.2M322.3M167.2M222.4M
Net DEX-4.26B-6.15B-3.03B-3.89B-4.65B
Net VEX-19.8M-21.5M-18.3M-20.5M-19.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.471.060.730.56
Total Volume84,414.90941,125223,27950,28668,981
Total OI1,007,962.5931,7911,073,7751,027,735991,197

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$193.24$185.0018.6%5.3%29.1%27.5%18.3%2.3%-0.1%167.2M-3.89B-20.5M0.734.16N/AN/A29,09521,191499,357528,378
2024-05-02$191.14$185.0019.0%5.3%29.1%30.8%18.2%1.7%0.0%86.5M-3.29B-21.0M0.682.48N/AN/A34,46823,468500,970532,096
2024-05-03$190.32$185.0017.9%4.8%28.9%23.0%17.2%1.9%-0.1%50.9M-3.03B-21.5M0.732.77N/AN/A40,53729,410500,918536,020
2024-05-06$191.19$170.0018.0%5.2%28.9%23.3%18.2%2.1%0.1%96.7M-3.27B-19.9M0.688.53N/AN/A24,51916,606465,797520,146
2024-05-07$191.82$170.0017.8%5.2%28.9%24.0%17.6%1.9%0.1%115.6M-3.43B-19.7M0.531.92N/AN/A29,57715,805469,970524,427
2024-05-08$196.06$170.0017.8%5.2%29.9%24.2%18.1%1.4%0.3%196.5M-4.41B-19.5M0.566.70N/AN/A53,35129,709474,783524,264
2024-05-09$197.28$170.0017.6%5.1%30.0%22.3%17.8%1.3%0.1%228.4M-4.70B-19.4M0.471.98N/AN/A78,69137,151481,919530,950
2024-05-10$198.79$170.0016.8%4.8%15.4%16.3%17.5%1.2%0.1%189.0M-5.04B-19.4M0.572.03N/AN/A51,85029,611489,541545,276
2024-05-13$198.94$170.0017.3%4.9%15.3%20.2%17.5%1.4%-0.2%185.8M-4.81B-19.5M1.022.04N/AN/A29,35829,829471,684525,800
2024-05-14$201.24$170.0017.6%5.0%14.3%22.2%18.0%1.3%-0.2%197.8M-5.29B-19.2M0.652.41N/AN/A42,95627,915477,691534,733
2024-05-15$201.47$170.0016.8%4.8%14.1%16.5%16.7%1.1%-0.2%226.2M-5.40B-18.9M0.712.00N/AN/A38,71027,462490,682542,808
2024-05-16$202.87$170.0016.9%5.0%14.1%17.3%17.3%1.8%0.7%220.8M-5.62B-19.5M0.822.33N/AN/A57,82547,411499,135548,282
2024-05-17$204.84$175.0017.1%5.0%13.2%18.3%17.5%1.8%0.6%322.3M-6.15B-18.3M0.652.13N/AN/A68,15344,305509,585564,190
2024-05-20$196.27$175.0016.1%4.6%20.3%11.4%16.4%2.0%1.2%65.3M-3.26B-20.1M0.852.98N/AN/A120,792102,487439,513492,278
2024-05-21$199.64$175.0015.8%4.5%20.6%9.1%16.9%0.3%0.6%151.9M-4.12B-20.1M0.692.39N/AN/A109,29875,619473,187517,061
2024-05-22$198.34$175.0016.5%4.7%20.8%14.0%16.8%1.1%0.4%97.4M-3.74B-20.8M0.682.11N/AN/A60,71141,310468,312538,612
2024-05-23$197.00$175.0016.9%4.8%21.0%16.9%17.0%1.4%1.0%44.2M-3.40B-20.4M0.632.67N/AN/A51,05232,028477,969543,572
2024-05-24$200.39$175.0016.0%4.5%21.7%10.2%15.9%1.4%0.8%190.3M-4.40B-19.8M0.642.34N/AN/A45,13028,670481,473545,975
2024-05-28$199.60$175.0017.1%4.7%21.7%18.5%16.5%2.4%0.2%125.2M-4.07B-19.4M0.862.09N/AN/A33,58228,987446,323508,122
2024-05-29$198.97$175.0017.6%4.9%21.6%22.7%18.4%2.8%0.1%115.7M-3.85B-20.6M1.062.02N/AN/A27,80329,361455,978522,877
2024-05-30$199.28$175.0018.2%5.1%21.5%26.7%18.0%2.6%0.2%123.6M-3.91B-19.6M0.732.26N/AN/A24,41717,937456,702526,622
2024-05-31$202.01$175.0018.7%5.0%21.4%30.5%17.4%2.5%0.6%222.4M-4.65B-19.2M0.562.35N/AN/A44,09324,888460,619530,578