JPM Options History — July 2024

In July 2024, JPM traded between $204.34 and $216.38. ATM implied volatility averaged 19.7%, placing in the 37.8% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded below realized volatility by 0.3% (HV 20d: 20.0%). Max pain ranged from $190.00 to $200.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.62.

Notable Days

  • 2024-07-12: Highest Volume — 240,493 contracts
  • 2024-07-12: Largest IV drop — 20.8% change
  • 2024-07-01: Highest IV Rank — 54.8%
  • 2024-07-01: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$209.49$204.34$216.38$205.91$213.25
Max Pain$198.30$190.00$200.00$190.00$200.00
ATM IV19.7%17.1%21.9%21.9%18.7%
Expected Move5.7%4.9%6.9%6.9%5.4%
HV 20d20.0%16.3%22.5%18.5%21.9%
HV 60d20.7%18.6%23.6%23.2%20.5%
IV Rank37.8%18.6%54.8%54.8%30.6%
IV Percentile56.9%26.2%82.9%82.9%43.3%
Term Structure-0.3%-0.9%0.6%-0.3%-0.3%
VWIV20.0%17.5%24.0%24.0%19.3%
Skew 25d1.8%-0.7%2.9%1.7%2.5%
Skew 10d4.6%2.4%7.6%3.2%5.2%
Call IV 25d18.9%16.6%22.0%21.1%17.7%
Put IV 25d20.7%18.1%22.8%22.8%20.2%
Bid-Ask Spread %23.092.0650.633.282.29
Gamma HHI0.150.100.250.130.14
Net GEX158.8M-13.7M263.8M167.6M139.7M
Net DEX-3.86B-5.56B-2.99B-3.73B-3.91B
Net VEX-19.8M-21.3M-18.4M-18.8M-21.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.080.910.590.87
Total Volume101,115.27334,905240,49396,61754,175
Total OI866,277.455806,933951,297832,520860,268

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$205.91$190.0021.9%6.9%18.5%54.8%24.0%1.7%-0.3%167.6M-3.73B-18.8M0.593.28N/AN/A60,62135,996384,589447,931
2024-07-02$208.69$190.0021.3%6.7%18.9%50.4%23.3%1.2%-0.1%184.0M-4.24B-18.5M0.583.40N/AN/A52,62730,718393,256461,808
2024-07-03$208.14$192.5020.9%6.7%18.4%47.0%20.7%1.1%-0.8%187.6M-4.09B-19.3M0.084.92N/AN/A206,93816,063401,736471,599
2024-07-05$204.97$200.0021.1%5.8%18.9%48.9%20.2%1.4%-0.8%-13.7M-3.07B-19.6M0.798.40N/AN/A32,16925,411383,829475,776
2024-07-08$204.91$195.0021.2%5.8%18.9%49.4%20.5%1.8%-0.9%133.1M-3.37B-18.9M0.6740.98N/AN/A36,19824,356373,260433,673
2024-07-09$208.13$195.0021.1%5.8%19.0%48.6%20.6%1.1%-0.6%156.0M-4.01B-18.7M0.385.11N/AN/A66,93125,394388,011443,640
2024-07-10$207.28$200.0021.7%6.0%19.0%53.2%20.5%1.5%-0.8%152.6M-3.81B-19.0M0.774.09N/AN/A39,70530,624404,066453,849
2024-07-11$207.32$200.0021.6%6.0%16.3%52.3%20.8%-0.7%-0.8%162.7M-3.83B-20.0M0.834.97N/AN/A64,75453,600418,098466,018
2024-07-12$204.34$200.0017.1%4.9%16.3%18.6%17.5%1.8%-0.0%141.1M-2.99B-19.0M0.6613.95N/AN/A145,04195,452434,741482,166
2024-07-15$209.92$200.0017.4%5.0%18.1%21.1%17.5%1.0%-0.2%199.8M-4.20B-19.0M0.3839.63N/AN/A93,84835,555390,403449,151
2024-07-16$213.35$200.0017.8%5.1%18.5%23.6%18.0%0.9%0.1%223.0M-4.85B-18.4M0.3636.61N/AN/A109,85139,790405,159456,655
2024-07-17$216.38$200.0018.6%5.3%18.8%29.7%18.8%1.1%-0.2%263.8M-5.56B-19.7M0.4433.98N/AN/A115,49751,123434,667472,189
2024-07-18$209.95$200.0019.3%5.5%22.5%35.0%19.1%2.4%-0.1%155.3M-3.95B-20.3M0.7140.91N/AN/A87,31061,609444,049490,905
2024-07-19$209.46$200.0019.2%5.5%22.5%34.2%19.8%2.9%0.1%228.0M-3.77B-20.6M0.5940.81N/AN/A70,41941,561457,895493,402
2024-07-22$210.26$200.0018.0%5.1%21.9%25.4%18.5%2.5%-0.1%141.4M-3.58B-20.1M0.7340.21N/AN/A27,95420,520407,619432,917
2024-07-23$210.50$200.0018.0%5.2%21.7%25.7%19.2%2.6%-0.0%148.1M-3.59B-20.1M0.7343.87N/AN/A20,42814,954413,295438,384
2024-07-24$208.54$200.0019.2%5.5%21.9%34.6%20.2%2.7%-0.0%99.1M-3.18B-20.6M0.5241.83N/AN/A48,40524,959413,054443,081
2024-07-25$209.16$200.0019.9%5.8%21.8%39.4%21.1%2.9%-0.1%103.6M-3.30B-20.7M0.9150.63N/AN/A35,10731,938417,735451,612
2024-07-26$212.49$200.0019.5%5.6%22.2%36.9%19.6%2.1%0.6%241.5M-4.01B-21.3M0.5343.75N/AN/A61,41932,385426,483457,844
2024-07-29$210.94$200.0019.6%5.7%22.0%36.9%20.1%2.6%-0.2%116.5M-3.59B-20.7M0.792.06N/AN/A19,54715,358392,546445,258
2024-07-30$214.91$200.0019.4%5.7%22.1%35.5%19.8%2.6%-0.2%161.7M-4.32B-20.3M0.712.41N/AN/A39,88128,345394,928450,559
2024-07-31$213.25$200.0018.7%5.4%21.9%30.6%19.3%2.5%-0.3%139.7M-3.91B-21.2M0.872.29N/AN/A28,91825,257398,633461,635