JPM Options History — February 2026

In February 2026, JPM traded between $297.13 and $322.55. ATM implied volatility averaged 27.1%, placing in the 21.8% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded below realized volatility by 1.4% (HV 20d: 28.5%). Max pain ranged from $300.00 to $307.50. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.88.

Notable Days

  • 2026-02-27: Highest Volume — 107,687 contracts
  • 2026-02-23: Largest IV spike — 15.8% change
  • 2026-02-12: Highest IV Rank — 31.7%
  • 2026-02-23: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$308.72$297.13$322.55$307.88$298.76
Max Pain$301.18$300.00$307.50$307.50$300.00
ATM IV27.1%22.6%31.2%22.6%29.4%
Expected Move7.8%6.4%9.0%6.4%8.6%
HV 20d28.5%25.9%31.5%27.2%31.5%
HV 60d26.0%24.1%27.5%24.1%27.5%
IV Rank21.8%10.8%31.7%10.8%27.4%
IV Percentile76.6%38.9%92.5%38.9%86.9%
Term Structure-0.3%-1.7%1.0%0.1%-0.5%
VWIV27.9%23.2%33.8%23.2%33.8%
Skew 25d4.9%2.8%8.0%2.8%8.0%
Skew 10d10.6%6.9%16.4%6.9%16.4%
Call IV 25d25.0%21.7%29.2%21.7%25.9%
Put IV 25d29.9%24.5%34.9%24.5%33.9%
Bid-Ask Spread %45.6232.3252.0347.3739.89
Gamma HHI0.060.040.080.050.05
Net GEX46.4M-70.7M176.5M70.6M-59.1M
Net DEX-1.52B-3.82B63.0M-1.65B63.0M
Net VEX-26.8M-27.8M-25.8M-25.8M-27.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.431.970.641.16
Total Volume65,928.47440,692107,68744,699107,687
Total OI653,493.211604,173702,166604,173686,562

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$307.88$307.5022.6%6.4%27.2%10.8%23.2%2.8%0.1%70.6M-1.65B-25.8M0.6447.37N/AN/A27,30117,398299,397304,776
2026-02-03$314.25$307.5024.9%7.0%25.9%16.6%25.4%4.2%-0.4%127.2M-2.58B-26.4M0.5851.21N/AN/A44,76325,867305,197309,128
2026-02-04$317.93$307.5025.0%7.2%26.4%16.7%25.2%3.4%-0.2%152.9M-3.12B-26.3M0.5150.25N/AN/A39,15319,900305,723314,127
2026-02-05$309.71$300.0027.1%7.7%26.5%21.7%27.1%4.0%0.1%76.2M-1.76B-26.7M1.2947.65N/AN/A30,03138,725310,195318,995
2026-02-06$322.55$300.0024.4%6.9%30.2%15.3%25.4%3.5%0.2%176.5M-3.82B-26.5M0.5950.61N/AN/A59,88135,520316,023338,438
2026-02-09$322.25$300.0024.4%7.0%30.2%15.2%26.5%4.0%0.1%155.8M-3.36B-26.7M0.9247.87N/AN/A23,29521,386306,660331,397
2026-02-10$318.11$300.0025.9%7.5%30.1%19.0%26.6%4.9%-0.0%113.8M-2.68B-27.1M1.0652.03N/AN/A26,39828,012312,416337,245
2026-02-11$311.15$300.0027.5%7.9%26.8%22.7%27.5%4.9%0.3%38.0M-1.59B-27.2M0.7050.10N/AN/A31,80422,226317,001346,534
2026-02-12$302.88$300.0031.2%8.5%28.3%31.7%30.1%5.6%-1.7%-34.6M-402.6M-27.1M0.9551.19N/AN/A37,62835,921320,583349,938
2026-02-13$301.66$300.0030.1%8.5%28.2%29.1%29.5%5.0%-0.6%-70.7M-275.1M-27.1M0.7951.80N/AN/A37,93029,825329,262354,876
2026-02-17$306.75$300.0028.9%8.3%28.9%26.1%28.3%5.4%-0.5%15.4M-1.18B-26.9M0.8349.45N/AN/A24,71820,500317,910344,875
2026-02-18$308.94$300.0026.9%7.7%26.8%21.4%28.0%5.1%0.3%39.1M-1.52B-26.7M0.6732.32N/AN/A24,33116,361321,423349,966
2026-02-19$307.60$300.0027.9%8.0%26.9%23.6%29.6%5.7%-0.5%10.8M-1.19B-26.7M1.9743.51N/AN/A19,90039,184326,316353,396
2026-02-20$310.11$300.0026.4%7.6%27.0%20.0%26.8%4.8%-1.2%82.0M-1.74B-26.9M0.8340.34N/AN/A41,29534,254331,615370,551
2026-02-23$298.35$300.0030.5%9.0%29.8%30.0%33.8%5.8%-0.5%-44.2M-75.9M-26.8M1.0838.80N/AN/A47,38550,951279,245328,865
2026-02-24$297.13$300.0029.3%8.4%29.5%27.1%29.9%5.6%-0.8%-54.3M32.1M-26.8M0.7740.57N/AN/A43,48133,350293,402348,870
2026-02-25$302.97$300.0026.8%7.8%30.3%21.2%27.2%5.0%-0.4%6.4M-747.6M-27.4M0.4340.05N/AN/A40,81017,694304,363357,598
2026-02-26$306.67$300.0026.0%7.3%30.6%19.1%26.4%4.9%1.0%79.6M-1.38B-27.1M0.8841.69N/AN/A30,79226,984311,595361,908
2026-02-27$298.76$300.0029.4%8.6%31.5%27.4%33.8%8.0%-0.5%-59.1M63.0M-27.8M1.1639.89N/AN/A49,80357,884314,399372,163