JPM Options History — July 2025

In July 2025, JPM traded between $282.14 and $298.58. ATM implied volatility averaged 21.6%, placing in the 11.0% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 1.7% (HV 20d: 19.9%). Max pain ranged from $260.00 to $275.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.59.

Notable Days

2025-07-02: Highest Volume — 394,039 contracts
2025-07-15: Largest IV drop — 12.8% change
2025-07-08: Highest IV Rank — 20.2%
2025-07-02: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$291.62	$282.14	$298.58	$290.43	$297.37
Max Pain	$268.98	$260.00	$275.00	$260.00	$275.00
ATM IV	21.6%	18.1%	25.5%	24.3%	20.6%
Expected Move	6.1%	5.0%	7.6%	7.6%	5.6%
HV 20d	19.9%	17.4%	22.6%	17.4%	18.2%
HV 60d	21.5%	17.0%	34.4%	34.4%	17.1%
IV Rank	11.0%	2.7%	20.2%	17.3%	8.7%
IV Percentile	38.0%	6.3%	72.2%	60.3%	31.0%
Term Structure	-0.2%	-0.8%	0.5%	-0.5%	-0.1%
VWIV	21.8%	17.8%	27.0%	27.0%	20.5%
Skew 25d	3.3%	2.6%	4.0%	3.1%	4.0%
Skew 10d	7.4%	5.6%	9.2%	7.8%	8.1%
Call IV 25d	20.3%	16.9%	23.9%	23.3%	18.6%
Put IV 25d	23.6%	20.1%	27.5%	26.5%	22.6%
Bid-Ask Spread %	5.31	2.68	30.32	3.36	4.13
Gamma HHI	0.11	0.08	0.24	0.10	0.11
Net GEX	197.7M	93.8M	297.7M	217.4M	155.5M
Net DEX	-5.23B	-6.20B	-3.90B	-5.77B	-5.20B
Net VEX	-24.2M	-25.2M	-23.3M	-24.2M	-25.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.59	0.06	1.20	0.59	0.59
Total Volume	83,195.636	36,220	394,039	47,136	38,884
Total OI	748,451.909	695,325	830,060	741,756	741,620

Daily Data (22 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
2025-07-01	$290.43	$260.00	24.3%	7.6%	17.4%	17.3%	27.0%	3.1%	-0.5%	217.4M	-5.77B	-24.2M	0.59	3.36	N/A	N/A	29,730	17,406	371,136	370,620
2025-07-02	$291.92	$260.00	24.4%	7.6%	17.4%	17.5%	26.7%	3.4%	-0.6%	270.0M	-6.06B	-24.3M	0.06	3.66	N/A	N/A	373,017	21,022	377,801	376,929
2025-07-03	$296.08	$265.00	24.3%	6.7%	17.4%	17.3%	23.9%	3.2%	-0.8%	275.5M	-6.20B	-23.3M	0.50	4.57	N/A	N/A	52,969	26,234	355,605	381,484
2025-07-07	$291.32	$265.00	25.3%	7.0%	17.9%	19.6%	25.1%	3.8%	-0.6%	163.2M	-5.22B	-23.7M	0.79	4.29	N/A	N/A	32,558	25,569	344,674	372,597
2025-07-08	$282.14	$265.00	25.5%	7.1%	21.9%	20.2%	25.1%	3.7%	-0.6%	93.8M	-3.90B	-24.4M	0.67	3.76	N/A	N/A	66,975	44,882	353,025	378,401
2025-07-09	$282.97	$265.00	23.8%	6.7%	21.8%	16.2%	23.5%	3.1%	-0.6%	127.4M	-4.14B	-25.0M	0.40	4.53	N/A	N/A	38,136	15,297	369,625	385,233
2025-07-10	$288.10	$265.00	23.6%	6.6%	22.5%	15.6%	23.6%	2.6%	-0.5%	192.0M	-5.18B	-23.5M	0.44	14.19	N/A	N/A	44,385	19,371	376,219	387,199
2025-07-11	$286.85	$265.00	24.1%	6.8%	22.6%	16.8%	23.9%	2.6%	-0.6%	171.1M	-4.85B	-25.2M	0.49	4.35	N/A	N/A	32,083	15,661	383,603	388,476
2025-07-14	$288.50	$265.00	24.2%	6.9%	22.5%	17.1%	24.9%	3.0%	-0.6%	175.2M	-5.11B	-23.5M	0.85	3.51	N/A	N/A	63,646	54,085	361,911	376,483
2025-07-15	$286.45	$270.00	21.1%	6.0%	22.2%	9.8%	21.4%	2.6%	0.1%	175.9M	-4.72B	-24.3M	0.37	3.39	N/A	N/A	113,180	41,327	384,618	405,488
2025-07-16	$285.78	$270.00	20.4%	5.8%	21.2%	8.1%	20.0%	2.9%	0.1%	190.2M	-4.72B	-23.4M	0.45	2.68	N/A	N/A	63,202	28,664	410,302	406,812
2025-07-17	$289.59	$270.00	19.5%	5.6%	21.2%	6.1%	19.5%	2.9%	0.2%	297.7M	-5.45B	-23.8M	0.49	2.85	N/A	N/A	56,967	28,147	420,986	409,074
2025-07-18	$290.98	$270.00	19.6%	5.6%	20.3%	6.3%	19.7%	3.3%	0.3%	291.9M	-5.62B	-23.6M	0.39	2.95	N/A	N/A	74,639	29,089	417,564	411,940
2025-07-21	$290.82	$270.00	19.8%	5.6%	20.4%	6.7%	20.4%	3.4%	0.2%	177.4M	-4.74B	-24.6M	0.72	3.51	N/A	N/A	30,643	22,067	353,379	341,946
2025-07-22	$291.80	$270.00	19.9%	5.5%	20.2%	6.9%	19.8%	3.4%	0.2%	184.6M	-4.91B	-24.3M	0.85	2.75	N/A	N/A	19,669	16,663	358,983	350,204
2025-07-23	$296.58	$272.50	19.9%	5.5%	19.9%	7.0%	20.0%	3.5%	0.3%	239.2M	-5.67B	-23.7M	0.81	2.81	N/A	N/A	30,422	24,502	361,336	354,565
2025-07-24	$296.84	$275.00	19.7%	5.4%	19.9%	6.5%	19.6%	3.3%	0.3%	235.6M	-5.57B	-24.8M	0.48	3.87	N/A	N/A	50,651	24,211	365,058	361,875
2025-07-25	$298.27	$275.00	18.1%	5.1%	19.1%	2.7%	18.2%	3.2%	0.5%	187.5M	-5.68B	-24.8M	0.50	2.97	N/A	N/A	30,555	15,341	369,651	369,537
2025-07-28	$297.94	$275.00	18.1%	5.0%	18.4%	2.9%	17.8%	3.6%	-0.1%	181.8M	-5.44B	-24.1M	1.20	5.19	N/A	N/A	20,033	23,996	347,041	357,293
2025-07-29	$296.37	$275.00	19.5%	5.3%	18.1%	6.1%	18.8%	3.7%	-0.3%	165.8M	-5.23B	-24.3M	0.91	3.23	N/A	N/A	19,963	18,243	353,926	368,490
2025-07-30	$298.58	$275.00	19.5%	5.6%	18.2%	6.1%	19.5%	3.8%	-0.1%	180.1M	-5.59B	-23.6M	0.47	30.32	N/A	N/A	24,571	11,649	357,350	375,883
2025-07-31	$297.37	$275.00	20.6%	5.6%	18.2%	8.7%	20.5%	4.0%	-0.1%	155.5M	-5.20B	-25.1M	0.59	4.13	N/A	N/A	24,389	14,495	361,844	379,776