JPM Options History — October 2025

In October 2025, JPM traded between $293.56 and $312.11. ATM implied volatility averaged 25.9%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 7.6% (HV 20d: 18.3%). Max pain ranged from $290.00 to $300.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.59.

Notable Days

  • 2025-10-03: Highest Volume — 233,411 contracts
  • 2025-10-16: Largest IV spike — 19.0% change
  • 2025-10-10: Highest IV Rank — 34.0%
  • 2025-10-03: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$304.15$293.56$312.11$311.28$312.11
Max Pain$293.59$290.00$300.00$300.00$295.00
ATM IV25.9%22.5%31.5%27.6%23.3%
Expected Move7.5%6.5%8.7%8.6%6.6%
HV 20d18.3%11.2%23.7%17.0%23.7%
HV 60d17.0%15.2%19.1%15.3%18.1%
IV Rank20.8%12.9%34.0%24.9%14.8%
IV Percentile69.2%44.4%94.0%84.5%50.8%
Term Structure-0.4%-2.0%1.8%-1.3%0.9%
VWIV26.2%22.6%30.8%30.8%25.6%
Skew 25d3.8%2.4%5.3%3.5%3.1%
Skew 10d8.2%3.5%18.6%6.7%7.1%
Call IV 25d24.2%20.7%29.8%25.9%21.5%
Put IV 25d28.0%24.4%34.1%29.4%24.6%
Bid-Ask Spread %51.1127.5858.9854.8652.25
Gamma HHI0.070.050.140.080.11
Net GEX98.8M-6.3M263.1M95.0M263.1M
Net DEX-4.00B-5.45B-2.45B-4.96B-5.45B
Net VEX-25.5M-27.1M-24.6M-24.7M-25.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.101.270.500.75
Total Volume83,198.78333,757233,41157,75974,363
Total OI770,393.565726,885855,079753,255771,418

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$311.28$300.0027.6%8.6%17.0%24.9%30.8%3.5%-1.3%95.0M-4.96B-24.7M0.5054.86N/AN/A38,49019,269361,786391,469
2025-10-02$307.75$300.0026.7%8.6%16.6%22.6%30.3%3.3%-0.5%96.6M-4.49B-25.8M0.7148.97N/AN/A43,10430,814381,695385,402
2025-10-03$310.58$300.0026.9%8.7%13.1%23.1%29.8%3.2%-0.7%116.6M-5.13B-25.8M0.1055.60N/AN/A211,46521,946387,950390,255
2025-10-06$308.69$290.0027.8%7.5%13.0%25.4%25.7%3.6%-0.5%115.2M-4.43B-25.1M0.6755.84N/AN/A25,63217,132353,885373,000
2025-10-07$307.47$290.0028.5%7.7%11.9%27.0%26.4%3.8%-0.7%107.0M-4.28B-25.6M0.5356.56N/AN/A22,07111,686362,273378,272
2025-10-08$304.52$290.0028.1%7.7%12.3%26.1%27.2%3.5%-0.4%69.2M-3.78B-25.9M0.5555.49N/AN/A26,06814,262367,941381,539
2025-10-09$306.00$290.0028.8%7.9%11.2%27.8%26.5%3.7%-1.4%84.0M-4.05B-25.8M0.4454.04N/AN/A37,75116,629372,743384,893
2025-10-10$301.99$290.0031.5%8.6%11.9%34.0%30.3%4.3%-2.0%35.2M-3.54B-26.0M1.2758.98N/AN/A50,09163,414382,716388,936
2025-10-13$309.07$290.0028.4%7.9%14.4%26.8%28.0%3.1%-0.8%116.2M-4.59B-25.5M0.9254.12N/AN/A68,73963,068364,332384,408
2025-10-14$301.44$300.0025.9%7.2%16.9%20.9%25.4%2.4%-0.6%37.1M-3.38B-26.1M0.5854.74N/AN/A120,95870,611394,266419,227
2025-10-15$306.25$300.0025.5%7.2%17.7%19.8%24.9%3.5%-0.4%140.4M-4.50B-25.5M0.6450.74N/AN/A67,05842,881412,008417,422
2025-10-16$298.06$290.0030.3%8.5%19.9%31.3%30.2%5.3%-0.9%8.5M-2.89B-27.1M0.7353.82N/AN/A63,65646,597420,676416,912
2025-10-17$297.62$295.0025.4%7.2%19.6%19.5%26.0%4.8%-0.1%-6.3M-2.77B-26.3M0.7747.42N/AN/A60,78446,889432,260422,819
2025-10-20$302.74$295.0022.7%6.5%20.7%13.4%23.0%4.5%0.2%102.5M-3.78B-25.5M0.5548.31N/AN/A33,33618,289368,023364,045
2025-10-21$297.89$295.0023.2%6.7%21.3%14.6%23.3%4.1%-0.6%57.5M-3.15B-25.4M0.4342.82N/AN/A49,07320,976376,905370,754
2025-10-22$293.56$290.0025.1%7.2%21.7%19.0%24.7%4.6%-1.4%11.1M-2.45B-25.6M0.4334.01N/AN/A60,75526,295384,449378,019
2025-10-23$294.36$290.0024.0%6.9%21.8%16.3%24.1%4.4%-0.9%26.2M-2.64B-25.4M0.5127.58N/AN/A30,76315,751390,570383,527
2025-10-24$300.69$292.5022.5%6.5%22.9%12.9%22.6%3.9%-0.3%168.6M-3.84B-25.2M0.4153.69N/AN/A65,73326,786396,253383,908
2025-10-27$303.84$292.5023.2%6.7%23.4%14.5%24.3%2.9%0.4%122.2M-4.14B-24.6M0.4852.11N/AN/A26,13912,605370,565371,909
2025-10-28$305.51$290.0023.2%6.9%23.5%14.5%24.1%3.8%0.7%146.8M-4.42B-24.7M0.5254.19N/AN/A30,68315,863376,606376,492
2025-10-29$304.40$292.5023.0%7.1%23.2%14.1%25.3%3.7%1.8%134.8M-4.23B-25.2M0.4957.41N/AN/A27,11913,361381,352379,669
2025-10-30$309.71$295.0023.6%7.0%23.7%15.5%24.7%3.5%0.8%224.9M-5.14B-24.9M0.5251.88N/AN/A42,40922,208383,372382,131
2025-10-31$312.11$295.0023.3%6.6%23.7%14.8%25.6%3.1%0.9%263.1M-5.45B-25.0M0.7552.25N/AN/A42,39131,972386,361385,057