JPM Options History — December 2024

In December 2024, JPM traded between $229.89 and $247.37. ATM implied volatility averaged 22.2%, placing in the 43.8% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 0.0% (HV 20d: 22.2%). Max pain ranged from $190.00 to $215.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.53.

Notable Days

2024-12-20: Highest Volume — 75,683 contracts
2024-12-18: Largest IV spike — 14.5% change
2024-12-19: Highest IV Rank — 79.2%
2024-12-19: Largest Expected Move — 8.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$241.35	$229.89	$247.37	$246.58	$239.74
Max Pain	$199.05	$190.00	$215.00	$215.00	$200.00
ATM IV	22.2%	17.5%	28.1%	18.5%	24.5%
Expected Move	7.0%	5.6%	8.1%	5.6%	7.8%
HV 20d	22.2%	14.8%	46.6%	46.6%	19.6%
HV 60d	31.3%	30.5%	33.1%	33.1%	31.3%
IV Rank	43.8%	16.7%	79.2%	22.9%	57.5%
IV Percentile	66.9%	19.8%	98.4%	34.5%	86.9%
Term Structure	0.8%	-1.1%	4.4%	0.9%	-0.4%
VWIV	24.6%	19.7%	29.2%	19.9%	26.8%
Skew 25d	2.1%	0.8%	3.3%	2.2%	2.9%
Skew 10d	4.2%	-4.8%	7.9%	-1.2%	7.1%
Call IV 25d	21.4%	17.3%	27.7%	18.0%	23.4%
Put IV 25d	23.5%	18.5%	30.7%	20.2%	26.3%
Bid-Ask Spread %	6.02	2.36	31.27	2.94	2.87
Gamma HHI	0.11	0.07	0.18	0.10	0.10
Net GEX	155.5M	52.7M	302.9M	181.5M	102.6M
Net DEX	-4.80B	-6.02B	-3.07B	-5.86B	-3.97B
Net VEX	-19.8M	-21.0M	-18.9M	-19.4M	-19.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.53	0.29	0.76	0.51	0.52
Total Volume	43,645.714	18,173	75,683	48,754	18,173
Total OI	913,473.429	808,635	996,635	902,530	819,241

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-12-02	$246.58	$215.00	18.5%	5.6%	46.6%	22.9%	19.9%	2.2%	0.9%	181.5M	-5.86B	-19.4M	0.51	2.94	N/A	N/A	32,308	16,446	437,091	465,439
2024-12-03	$245.38	$215.00	17.5%	5.6%	46.0%	16.7%	19.7%	2.1%	0.4%	184.5M	-5.73B	-19.3M	0.36	2.85	N/A	N/A	23,534	8,375	445,069	471,124
2024-12-04	$244.06	$215.00	18.2%	5.7%	46.2%	19.6%	20.3%	0.8%	0.8%	182.8M	-5.42B	-20.2M	0.64	2.91	N/A	N/A	30,918	19,661	451,273	473,303
2024-12-05	$246.49	$190.00	18.5%	6.4%	22.6%	21.1%	22.7%	1.3%	0.5%	241.7M	-5.96B	-19.8M	0.38	7.01	N/A	N/A	31,916	12,150	460,105	480,113
2024-12-06	$247.37	$190.00	18.6%	6.5%	14.9%	22.1%	23.6%	1.3%	0.4%	302.9M	-6.02B	-20.3M	0.52	5.80	N/A	N/A	26,143	13,653	461,236	481,953
2024-12-09	$244.94	$195.00	19.5%	6.8%	15.5%	27.5%	24.1%	1.4%	3.9%	185.0M	-5.53B	-20.2M	0.46	3.80	N/A	N/A	25,130	11,454	448,059	473,936
2024-12-10	$243.68	$195.00	20.0%	6.8%	15.4%	30.2%	24.0%	1.6%	3.9%	186.3M	-5.36B	-20.3M	0.44	6.12	N/A	N/A	35,699	15,758	458,112	479,821
2024-12-11	$243.59	$195.00	19.8%	6.8%	15.4%	28.8%	24.1%	1.5%	4.0%	192.1M	-5.40B	-20.1M	0.29	2.86	N/A	N/A	25,752	7,569	467,734	485,312
2024-12-12	$242.45	$195.00	20.8%	6.9%	15.2%	35.2%	24.1%	2.0%	4.0%	175.3M	-5.16B	-20.1M	0.44	3.31	N/A	N/A	29,857	13,179	473,934	487,214
2024-12-13	$239.75	$195.00	21.2%	6.9%	15.7%	37.5%	24.4%	1.8%	4.4%	87.3M	-4.60B	-20.3M	0.69	3.31	N/A	N/A	30,032	20,631	478,373	491,124
2024-12-16	$239.67	$195.00	23.8%	7.1%	14.8%	52.8%	25.0%	1.7%	-0.7%	152.5M	-4.69B	-19.9M	0.55	4.00	N/A	N/A	30,878	16,849	459,100	484,435
2024-12-17	$238.44	$195.00	24.5%	7.2%	14.9%	57.4%	27.1%	1.7%	-0.8%	142.7M	-4.46B	-19.9M	0.35	3.67	N/A	N/A	42,564	15,051	466,844	489,903
2024-12-18	$229.89	$195.00	28.1%	8.0%	19.3%	78.7%	28.4%	2.3%	-1.1%	52.7M	-3.07B	-20.5M	0.49	22.21	N/A	N/A	41,141	20,311	476,363	493,249
2024-12-19	$233.80	$195.00	28.1%	8.1%	20.4%	79.2%	29.2%	3.0%	-1.1%	78.9M	-3.74B	-21.0M	0.62	6.07	N/A	N/A	41,841	25,970	486,950	496,567
2024-12-20	$238.82	$200.00	25.2%	7.3%	20.8%	61.6%	25.2%	3.3%	-0.7%	169.9M	-4.70B	-19.9M	0.65	31.27	N/A	N/A	45,768	29,915	493,218	503,417
2024-12-23	$238.09	$200.00	24.2%	7.2%	20.0%	55.8%	25.0%	3.0%	-0.2%	102.3M	-3.79B	-19.5M	0.76	2.76	N/A	N/A	18,539	14,122	396,732	423,824
2024-12-24	$242.22	$200.00	23.7%	7.0%	20.9%	52.4%	24.4%	2.6%	-0.2%	150.1M	-4.53B	-19.1M	0.46	2.36	N/A	N/A	23,366	10,796	401,309	430,055
2024-12-26	$242.68	$200.00	23.1%	7.1%	20.9%	48.6%	25.1%	2.5%	0.0%	150.8M	-4.57B	-18.9M	0.68	2.51	N/A	N/A	14,785	10,034	403,845	433,677
2024-12-27	$240.41	$200.00	24.4%	7.5%	21.1%	56.8%	26.1%	2.8%	-0.3%	140.7M	-4.11B	-19.6M	0.68	3.68	N/A	N/A	21,834	14,769	407,133	438,120
2024-12-30	$240.32	$200.00	24.6%	7.7%	20.7%	57.9%	26.9%	2.7%	-0.3%	103.5M	-4.07B	-18.9M	0.68	4.07	N/A	N/A	17,673	12,016	380,162	428,473
2024-12-31	$239.74	$200.00	24.5%	7.8%	19.6%	57.5%	26.8%	2.9%	-0.4%	102.6M	-3.97B	-19.2M	0.52	2.87	N/A	N/A	11,974	6,199	385,639	433,602