JPM Options History — August 2024

In August 2024, JPM traded between $194.63 and $224.17. ATM implied volatility averaged 20.5%, placing in the 35.6% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 7.8% (HV 20d: 28.3%). Max pain ranged from $195.00 to $200.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.00.

Notable Days

  • 2024-08-02: Highest Volume — 136,919 contracts
  • 2024-08-02: Largest IV spike — 24.5% change
  • 2024-08-05: Highest IV Rank — 100.0%
  • 2024-08-05: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$211.27$194.63$224.17$207.54$224.17
Max Pain$195.45$195.00$200.00$200.00$195.00
ATM IV20.5%16.9%31.6%20.4%17.4%
Expected Move5.9%4.9%8.7%6.0%4.9%
HV 20d28.3%15.7%32.5%24.1%15.7%
HV 60d23.2%21.3%24.7%21.3%22.2%
IV Rank35.6%13.5%100.0%43.5%16.3%
IV Percentile54.0%18.3%100.0%66.7%24.2%
Term Structure0.2%-1.0%2.0%-0.3%1.1%
VWIV21.0%17.3%29.8%22.1%18.2%
Skew 25d4.1%2.6%8.8%3.1%2.6%
Skew 10d9.1%5.5%19.0%7.5%5.5%
Call IV 25d18.6%15.3%27.7%19.6%16.1%
Put IV 25d22.7%18.6%36.5%22.6%18.7%
Bid-Ask Spread %7.532.0733.935.614.81
Gamma HHI0.130.070.200.100.11
Net GEX125.3M-14.6M232.7M58.3M158.0M
Net DEX-3.55B-5.71B-732.7M-2.80B-5.71B
Net VEX-21.6M-24.5M-19.8M-22.0M-19.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.402.121.321.62
Total Volume64,870.31828,214136,919103,66487,125
Total OI895,622.182827,919942,953872,807934,705

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-08-01$207.54$200.0020.4%6.0%24.1%43.5%22.1%3.1%-0.3%58.3M-2.80B-22.0M1.325.61N/AN/A44,76658,898406,030466,777
2024-08-02$197.88$200.0025.4%7.4%29.0%81.2%27.0%5.9%-0.7%-14.6M-1.01B-23.1M1.104.41N/AN/A65,20571,714415,944479,918
2024-08-05$194.63$195.0031.6%8.7%29.5%100.0%29.8%8.8%-1.0%-9.7M-732.7M-24.5M1.2033.93N/AN/A35,09341,978404,215462,896
2024-08-06$201.73$195.0025.6%7.2%31.9%64.6%25.4%6.0%-0.2%41.3M-2.00B-23.0M0.7133.07N/AN/A36,29225,756412,904471,423
2024-08-07$201.44$195.0025.9%7.4%31.9%66.7%25.8%5.2%0.0%38.2M-1.91B-24.1M0.7313.70N/AN/A44,74632,691420,775482,586
2024-08-08$204.72$195.0022.8%6.5%32.5%47.8%23.2%5.0%0.3%78.4M-2.47B-23.9M0.4010.49N/AN/A47,62118,983425,660492,474
2024-08-09$206.07$195.0021.8%6.3%32.2%42.1%23.0%5.0%0.1%81.9M-2.85B-23.3M0.5911.20N/AN/A34,89720,705439,375496,580
2024-08-12$205.64$195.0022.6%6.5%30.6%46.8%22.9%5.0%-0.1%75.2M-2.65B-22.4M0.973.39N/AN/A20,06619,377421,600482,592
2024-08-13$207.79$195.0020.1%5.8%30.2%32.2%20.6%4.7%0.2%107.0M-3.06B-22.4M0.652.17N/AN/A20,13513,102428,172491,056
2024-08-14$210.40$195.0019.4%5.6%30.1%27.9%19.9%4.0%0.1%150.4M-3.68B-21.2M0.743.86N/AN/A34,35725,593431,643492,322
2024-08-15$211.68$195.0018.4%5.3%28.2%22.5%18.4%3.4%0.2%173.7M-3.97B-20.5M0.723.90N/AN/A33,46224,073436,087496,355
2024-08-16$213.67$195.0017.4%5.0%28.4%16.3%18.6%3.2%0.4%148.9M-4.39B-20.4M0.844.15N/AN/A31,51226,425442,054500,899
2024-08-19$215.10$195.0016.9%4.9%28.4%13.5%17.3%3.3%0.2%171.2M-4.11B-19.9M1.232.09N/AN/A15,47619,050384,752443,167
2024-08-20$214.06$195.0017.7%5.1%28.5%18.0%17.7%3.4%0.0%167.8M-3.88B-20.3M0.905.55N/AN/A30,46827,316389,591448,754
2024-08-21$214.32$195.0018.0%5.2%28.2%20.1%18.7%3.7%-0.1%169.9M-3.92B-20.7M1.213.91N/AN/A12,74315,471405,743460,181
2024-08-22$216.42$195.0018.8%5.4%28.4%24.7%19.7%3.3%0.5%192.6M-4.31B-20.9M0.892.07N/AN/A30,42727,006409,707464,939
2024-08-23$218.10$195.0017.8%5.2%28.0%18.8%18.5%3.2%-0.5%232.7M-4.73B-20.5M0.747.32N/AN/A45,97734,252416,261472,496
2024-08-26$219.21$195.0017.9%5.1%27.9%19.1%18.7%3.0%0.8%171.5M-4.64B-21.1M1.282.23N/AN/A17,36122,244405,990465,616
2024-08-27$220.12$195.0017.5%5.0%27.2%17.2%18.3%2.9%0.8%178.9M-4.93B-19.9M0.482.41N/AN/A49,07123,365411,228475,374
2024-08-28$221.07$195.0018.4%5.3%27.0%22.0%19.3%2.9%0.7%184.7M-5.08B-20.2M1.492.43N/AN/A26,10638,823419,586481,855
2024-08-29$222.19$195.0018.3%5.0%24.7%21.4%18.1%3.2%2.0%199.3M-5.32B-20.2M2.123.04N/AN/A24,80352,616425,142488,264
2024-08-30$224.17$195.0017.4%4.9%15.7%16.3%18.2%2.6%1.1%158.0M-5.71B-19.8M1.624.81N/AN/A33,20353,922429,083505,622