JPM Options History — June 2025

In June 2025, JPM traded between $261.75 and $289.25. ATM implied volatility averaged 23.1%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 7.9% (HV 20d: 15.3%). Max pain ranged from $235.00 to $260.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.64.

Notable Days

  • 2025-06-26: Highest Volume — 128,311 contracts
  • 2025-06-13: Largest IV spike — 12.4% change
  • 2025-06-18: Highest IV Rank — 21.9%
  • 2025-06-17: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$272.80$261.75$289.25$264.75$289.25
Max Pain$249.25$235.00$260.00$235.00$260.00
ATM IV23.1%20.1%26.2%21.7%24.3%
Expected Move7.0%5.5%7.6%5.8%7.5%
HV 20d15.3%12.3%17.5%15.8%17.5%
HV 60d38.2%37.5%39.8%39.8%37.7%
IV Rank14.5%7.4%21.9%11.3%17.2%
IV Percentile53.2%27.8%79.4%43.3%60.3%
Term Structure0.8%-0.7%4.8%-0.3%-0.5%
VWIV25.3%19.7%27.5%20.4%27.3%
Skew 25d4.0%2.9%5.0%4.7%3.4%
Skew 10d8.8%6.4%11.0%9.3%8.1%
Call IV 25d21.6%18.4%24.9%19.9%23.4%
Put IV 25d25.5%22.2%29.9%24.5%26.7%
Bid-Ask Spread %4.192.3610.172.874.92
Gamma HHI0.100.070.260.080.10
Net GEX181.9M111.4M241.7M141.9M207.3M
Net DEX-4.97B-5.99B-3.86B-4.44B-5.59B
Net VEX-24.7M-25.8M-23.6M-24.5M-24.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.391.041.010.56
Total Volume53,822.3527,207128,31130,89076,055
Total OI797,088.25661,908887,629793,524720,602

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-06-02$264.75$235.0021.7%5.8%15.8%11.3%20.4%4.7%-0.3%141.9M-4.44B-24.5M1.012.87N/AN/A15,37615,514386,116407,408
2025-06-03$266.29$235.0021.3%5.5%15.8%10.4%19.7%4.1%-0.3%163.5M-4.73B-24.5M0.882.89N/AN/A15,41213,597393,885414,546
2025-06-04$265.13$235.0021.3%5.6%15.4%10.2%19.8%4.1%-0.3%152.7M-4.41B-25.5M1.042.36N/AN/A15,20315,821397,727418,959
2025-06-05$261.75$250.0022.4%7.3%16.3%12.9%25.7%4.5%-0.4%111.4M-3.86B-25.8M0.584.39N/AN/A24,55814,150403,257423,933
2025-06-06$265.76$250.0020.2%6.9%16.1%7.7%25.0%3.7%-0.1%173.7M-4.58B-25.5M0.543.59N/AN/A33,17118,022408,896427,472
2025-06-09$266.98$250.0020.7%7.1%15.9%8.8%24.8%3.9%4.1%171.0M-4.84B-24.5M0.453.78N/AN/A31,28613,982401,613421,129
2025-06-10$268.52$250.0020.1%7.0%13.4%7.4%24.9%3.5%4.3%189.0M-5.14B-24.3M0.393.77N/AN/A29,67911,603407,269425,670
2025-06-11$267.90$250.0020.2%7.0%12.6%7.7%26.1%3.9%4.5%193.3M-4.96B-25.2M0.513.91N/AN/A22,47311,527414,054429,477
2025-06-12$267.80$250.0021.0%7.1%12.3%9.5%25.7%4.0%4.8%207.8M-4.89B-24.9M0.443.45N/AN/A18,9378,270417,009433,685
2025-06-13$264.72$250.0023.6%7.6%12.7%15.6%26.5%4.5%4.5%123.7M-4.29B-25.1M0.595.13N/AN/A40,15323,712419,918435,564
2025-06-16$270.71$250.0024.4%7.3%15.1%17.7%26.3%4.4%-0.5%184.7M-5.37B-24.3M0.754.21N/AN/A32,66724,570409,748432,754
2025-06-17$269.17$250.0026.1%7.6%14.9%21.5%27.4%5.0%-0.5%169.1M-5.01B-25.5M0.925.29N/AN/A16,11614,834414,649441,726
2025-06-18$274.62$250.0026.2%7.5%16.4%21.9%27.5%4.3%-0.5%216.4M-5.99B-25.2M0.5610.17N/AN/A72,46640,216417,218444,603
2025-06-20$274.67$250.0026.2%7.6%15.0%21.7%26.9%4.3%-0.7%240.7M-5.93B-25.2M0.583.83N/AN/A37,01121,394432,047455,582
2025-06-23$277.43$250.0025.5%7.4%15.2%20.1%27.0%4.3%-0.4%144.3M-4.20B-23.6M0.703.39N/AN/A23,07316,184322,362339,546
2025-06-24$282.70$250.0023.8%7.1%16.1%16.0%25.6%3.7%-0.3%189.9M-4.95B-23.8M0.693.89N/AN/A41,38628,394330,539345,492
2025-06-25$283.56$255.0024.1%7.3%15.6%17.0%26.4%3.8%-0.4%204.8M-5.04B-24.4M0.683.81N/AN/A27,08718,389341,623351,808
2025-06-26$288.80$255.0024.8%7.4%16.2%18.5%27.0%3.0%-0.5%241.7M-5.92B-24.2M0.503.21N/AN/A85,53242,779350,893359,389
2025-06-27$285.39$260.0024.4%7.3%17.2%17.6%26.1%2.9%-0.3%210.8M-5.33B-24.7M0.515.01N/AN/A43,46622,382371,335372,262
2025-06-30$289.25$260.0024.3%7.5%17.5%17.2%27.3%3.4%-0.5%207.3M-5.59B-24.3M0.564.92N/AN/A48,87627,179359,170361,432