JPM Options History — March 2026

In March 2026, JPM traded between $282.60 and $299.73. ATM implied volatility averaged 32.3%, placing in the 34.4% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 8.1% (HV 20d: 24.3%). Max pain ranged from $295.00 to $305.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.27.

Notable Days

  • 2026-03-19: Highest Volume — 158,778 contracts
  • 2026-03-04: Largest IV drop — 9.6% change
  • 2026-03-30: Highest IV Rank — 43.2%
  • 2026-03-13: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$290.00$282.60$299.73$297.77$294.23
Max Pain$300.24$295.00$305.00$300.00$295.00
ATM IV32.3%27.5%36.0%29.6%32.6%
Expected Move9.5%8.2%10.4%8.8%9.3%
HV 20d24.3%18.3%31.5%31.5%23.6%
HV 60d26.0%25.1%27.8%27.5%27.1%
IV Rank34.4%22.8%43.2%27.9%35.1%
IV Percentile92.7%79.8%97.2%87.3%92.5%
Term Structure0.0%-1.6%2.4%-0.2%-0.5%
VWIV33.5%29.3%36.5%31.9%34.6%
Skew 25d8.1%5.7%9.2%7.0%7.9%
Skew 10d17.0%13.3%19.3%14.9%16.5%
Call IV 25d28.8%25.6%32.3%27.6%29.2%
Put IV 25d36.9%31.4%41.1%34.6%37.1%
Bid-Ask Spread %22.707.9550.3739.637.95
Gamma HHI0.050.040.080.040.04
Net GEX-44.8M-140.1M37.9M-32.3M37.9M
Net DEX289.8M-608.0M1.14B-146.5M-608.0M
Net VEX-28.6M-29.3M-28.0M-28.1M-28.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.270.555.471.090.61
Total Volume70,865.38131,917158,77843,91365,352
Total OI700,261.857619,856764,866663,487669,436

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$297.77$300.0029.6%8.8%31.5%27.9%31.9%7.0%-0.2%-32.3M-146.5M-28.1M1.0939.63N/AN/A20,99922,914297,091366,396
2026-03-03$299.73$300.0030.4%8.9%31.4%29.8%31.6%7.2%-0.5%-11.1M-402.1M-28.0M0.7035.63N/AN/A50,46335,287303,257373,885
2026-03-04$299.41$300.0027.5%8.2%30.4%22.8%29.3%5.7%0.3%-9.5M-482.2M-28.9M0.6337.85N/AN/A35,31622,276327,359386,139
2026-03-05$293.32$305.0029.7%9.2%30.5%28.0%31.1%7.2%1.0%-72.4M275.4M-28.9M1.2350.37N/AN/A36,39844,822335,088393,849
2026-03-06$288.35$305.0032.4%9.7%29.8%34.5%33.3%8.2%-1.3%-140.1M1.12B-29.3M0.6939.08N/AN/A59,69241,007342,110403,780
2026-03-09$289.81$300.0030.6%9.2%25.1%30.2%30.9%8.5%1.6%-59.4M542.7M-28.7M0.7241.91N/AN/A59,93843,353329,680383,100
2026-03-10$289.19$300.0030.1%9.2%25.1%29.1%33.1%7.9%1.7%-51.4M440.3M-28.6M0.9143.63N/AN/A27,17024,798336,413380,205
2026-03-11$287.15$300.0030.9%9.5%24.9%30.9%34.5%7.9%2.4%-72.6M745.0M-28.3M1.1847.60N/AN/A30,66536,053340,298386,319
2026-03-12$282.94$300.0033.5%10.2%24.4%37.3%35.8%7.9%1.7%-89.5M1.14B-28.4M1.8911.19N/AN/A52,11098,237346,774384,032
2026-03-13$283.44$300.0034.4%10.4%23.0%39.3%33.3%8.5%0.3%-70.1M959.1M-28.8M1.479.07N/AN/A30,17144,420352,620398,385
2026-03-16$285.62$300.0033.0%9.5%23.4%35.9%33.0%7.9%-1.6%-71.8M643.5M-28.1M1.998.93N/AN/A23,78847,301335,601382,444
2026-03-18$287.46$300.0033.6%9.6%22.5%37.5%32.7%8.1%-0.7%-55.7M345.3M-28.0M1.7510.46N/AN/A16,64929,054346,975389,519
2026-03-19$288.13$300.0032.2%9.1%22.3%34.2%36.3%7.9%-0.2%-54.1M276.0M-28.2M5.4711.00N/AN/A24,546134,232349,706394,317
2026-03-20$286.21$300.0035.2%10.2%22.3%41.3%34.7%9.2%-0.5%-70.2M662.6M-28.6M0.7514.56N/AN/A33,52525,152352,016412,850
2026-03-23$291.38$300.0032.3%9.2%23.2%34.3%32.9%8.7%-0.7%-3.2M-102.5M-28.4M0.9810.69N/AN/A27,32326,791278,486341,370
2026-03-24$292.86$300.0032.4%9.3%19.2%34.6%33.1%8.6%-0.4%6.2M-278.0M-29.0M0.8010.54N/AN/A21,66617,428289,442354,164
2026-03-25$295.29$300.0032.7%9.4%19.4%35.3%33.4%9.0%-0.9%35.8M-583.6M-29.1M0.8510.59N/AN/A18,14515,439295,804358,357
2026-03-26$291.78$300.0034.1%9.8%18.3%38.7%35.4%8.9%-0.3%824.3K-164.4M-29.0M1.3710.31N/AN/A13,44418,473300,883362,375
2026-03-27$282.60$300.0035.9%10.3%20.4%43.0%36.0%8.7%0.1%-104.2M910.1M-28.7M1.0814.32N/AN/A35,72638,413302,900367,059
2026-03-30$283.35$300.0036.0%10.3%18.8%43.2%36.5%9.0%-0.6%-53.2M795.1M-28.5M0.5511.44N/AN/A25,55214,085295,422359,593
2026-03-31$294.23$295.0032.6%9.3%23.6%35.1%34.6%7.9%-0.5%37.9M-608.0M-28.8M0.617.95N/AN/A40,69624,656304,441364,995