JPM Options History — August 2025

In August 2025, JPM traded between $287.97 and $301.46. ATM implied volatility averaged 20.9%, placing in the 9.3% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 4.0% (HV 20d: 17.0%). Max pain ranged from $260.00 to $275.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2025-08-22: Highest Volume — 96,309 contracts
  • 2025-08-04: Largest IV drop — 10.5% change
  • 2025-08-01: Highest IV Rank — 13.7%
  • 2025-08-01: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$293.17$287.97$301.46$288.98$301.46
Max Pain$267.14$260.00$275.00$275.00$275.00
ATM IV20.9%20.0%22.8%22.8%20.5%
Expected Move6.0%5.6%6.7%6.7%5.6%
HV 20d17.0%13.5%20.5%20.3%13.5%
HV 60d17.6%17.3%18.3%18.1%17.6%
IV Rank9.3%7.2%13.7%13.7%8.2%
IV Percentile33.1%24.6%45.6%45.6%28.2%
Term Structure0.2%-0.4%0.6%-0.4%0.4%
VWIV21.8%20.2%24.5%24.5%20.2%
Skew 25d4.0%3.4%4.8%4.8%3.5%
Skew 10d8.5%7.0%10.7%10.7%7.1%
Call IV 25d19.2%18.5%20.9%20.9%18.7%
Put IV 25d23.2%21.9%25.7%25.7%22.2%
Bid-Ask Spread %4.302.568.664.343.61
Gamma HHI0.110.070.200.090.16
Net GEX145.9M53.7M274.8M63.3M258.5M
Net DEX-4.53B-5.62B-3.80B-3.95B-5.62B
Net VEX-24.3M-25.5M-23.0M-25.5M-24.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.341.240.910.62
Total Volume47,793.66727,34596,30968,99964,096
Total OI732,921.857671,583771,874748,041754,851

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$288.98$275.0022.8%6.7%20.3%13.7%24.5%4.8%-0.4%63.3M-3.95B-25.5M0.914.34N/AN/A36,04432,955365,343382,698
2025-08-04$293.85$260.0020.4%6.0%20.5%8.1%22.5%3.9%0.2%136.3M-4.75B-25.0M0.833.39N/AN/A16,40413,639353,684373,064
2025-08-05$291.30$260.0022.0%6.4%16.9%12.0%24.1%4.3%0.1%113.0M-4.39B-25.1M0.845.58N/AN/A19,89116,643356,971376,145
2025-08-06$291.13$260.0021.3%6.3%16.9%10.3%23.5%4.1%0.1%112.2M-4.36B-25.0M0.718.40N/AN/A17,16112,171362,419380,444
2025-08-07$287.97$260.0021.2%6.2%16.3%10.0%20.8%4.2%0.4%65.8M-3.80B-25.3M0.646.88N/AN/A25,63516,488361,880382,438
2025-08-08$288.21$260.0020.5%6.1%16.2%8.4%21.6%4.0%0.2%53.7M-4.05B-24.0M0.733.89N/AN/A33,69724,674369,553385,555
2025-08-11$289.76$260.0021.0%6.1%16.2%9.6%22.9%4.1%0.2%121.3M-4.22B-24.5M0.823.79N/AN/A17,32214,185357,346378,539
2025-08-12$293.00$265.0020.0%5.8%16.4%7.2%20.8%3.7%0.2%162.7M-4.72B-24.2M0.414.65N/AN/A32,73213,530362,587384,896
2025-08-13$290.13$265.0020.7%6.0%16.8%8.8%20.9%3.9%0.3%125.0M-4.33B-23.4M0.574.37N/AN/A33,48719,184367,891386,657
2025-08-14$293.33$265.0020.3%5.9%16.6%7.8%21.9%4.1%0.4%182.4M-4.80B-24.5M0.742.94N/AN/A21,06615,663374,462392,619
2025-08-15$290.82$270.0020.8%6.0%16.8%9.1%20.8%3.9%0.3%107.2M-4.29B-24.6M0.462.57N/AN/A41,68119,298375,247396,627
2025-08-18$291.74$270.0020.7%5.9%16.9%8.8%21.6%4.0%0.6%107.2M-4.07B-23.7M0.973.15N/AN/A19,82519,246320,490351,093
2025-08-19$290.26$270.0021.4%6.1%16.9%10.6%22.9%4.3%0.1%94.2M-3.89B-24.0M1.232.88N/AN/A12,23815,107328,550361,328
2025-08-20$293.10$270.0021.4%6.1%16.2%10.4%21.7%4.5%-0.3%126.4M-4.27B-24.1M0.873.58N/AN/A17,46415,257330,427367,294
2025-08-21$291.36$270.0021.6%6.2%16.3%11.1%22.5%4.3%0.6%107.1M-4.03B-24.4M1.245.02N/AN/A19,76824,554334,558371,342
2025-08-22$295.65$270.0020.3%5.8%17.1%7.7%21.0%3.8%0.2%237.0M-4.85B-23.5M0.654.75N/AN/A58,36337,946344,570379,080
2025-08-25$295.30$270.0021.2%6.1%17.1%9.8%20.9%3.8%0.1%150.9M-4.57B-24.5M0.518.66N/AN/A42,01521,534337,928368,825
2025-08-26$297.93$270.0020.3%5.9%17.3%7.7%20.9%3.7%0.4%228.7M-5.10B-23.8M0.342.71N/AN/A36,79412,424354,212380,244
2025-08-27$300.49$270.0020.8%6.0%17.4%8.8%21.3%3.5%0.2%236.4M-5.54B-23.0M0.652.56N/AN/A30,04819,390352,614383,671
2025-08-28$300.82$275.0020.3%5.7%17.3%7.6%20.2%3.4%0.3%274.8M-5.48B-24.3M0.792.64N/AN/A24,54119,507355,076388,141
2025-08-29$301.46$275.0020.5%5.6%13.5%8.2%20.2%3.5%0.4%258.5M-5.62B-24.2M0.623.61N/AN/A39,57024,526361,028393,823