JP Morgan Chase (JPM) Options Chain

NYSE: JPMFinanceMajor BanksUSD

332.99+1.57 (+0.47%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $332.99
Put/call ratio (OI): 1.31
Put/call ratio (volume): 2.20
ATM implied volatility: 26.1%
Expected move: ±$98.37
Open interest (C / P): 17.64K / 23.06K

JPM options summary

The JPM options chain for the January 21, 2028 expiration lists 44 call and 43 put contracts, with 468 days until expiration. Open interest stands at 17,645 calls and 23,063 puts, a put/call ratio of 1.31, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $330.00 strike is 26.1%, which implies the market expects a move of about ±$98.37 (29.5%) in JP Morgan Chase stock by expiration.

The most open interest sits at the $400.00 call (3.47K contracts) and the $330.00 put (2.91K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

JPM options chain · January 21, 2028

JPM calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
24	20	54.7%	214.40	189.50	193.50	145.00	0.62	1.07	0.71	38.8%	2	192
87	5	54.0%	201.15	184.50	189.00	150.00	0.42	1.33	0.84	38.8%	1	114
30	2	87.4%	180.50	202.00	207.00	155.00	0.01	2.07	1.47	40.7%	2	138
99	15	52.5%	197.80	175.50	180.00	160.00	0.57	4.60	1.96	46.9%	4	165
42	12	51.6%	187.50	170.50	175.50	165.00	0.79	1.49	1.32	35.4%	27	96
17	2	80.6%	168.50	189.00	192.00	170.00	0.81	1.73	1.33	35.0%	1	485
0	1	—	181.12	0.00	0.00	175.00	1.00	1.81	1.70	34.0%	1	283
38	15	49.0%	163.98	157.05	162.00	180.00	1.37	2.04	2.05	33.5%	54	420
59	2	74.6%	169.84	175.00	178.50	185.00	1.27	2.36	2.25	33.3%	3	130
36	6	45.9%	164.65	148.50	152.20	190.00	1.80	2.52	2.32	32.4%	2	141
152	1	46.3%	160.42	144.00	148.50	195.00	2.05	2.80	2.64	31.9%	2	111
61	2	45.3%	141.37	139.60	144.00	200.00	2.32	3.15	2.98	31.5%	2	1,098
100	3	43.4%	152.82	130.50	135.00	210.00	2.82	3.60	3.70	30.0%	1	753
87	3	41.0%	121.53	122.00	125.65	220.00	3.80	4.50	4.00	29.3%	1	1,028
71	2	40.6%	114.60	113.50	118.00	230.00	4.15	6.05	5.50	29.3%	1	515
86	1	39.1%	101.75	106.25	109.50	240.00	5.10	7.40	6.30	28.6%	450	847
100	1	37.2%	99.08	97.85	100.80	250.00	6.05	7.95	8.45	26.7%	3	2,332
69	3	35.9%	91.75	89.50	92.75	260.00	7.80	9.60	9.75	25.9%	2	539
274	1	35.5%	84.30	81.50	85.85	270.00	9.80	11.65	11.29	25.4%	2	928
124	1	34.2%	76.00	74.50	78.20	280.00	12.75	13.70	13.46	24.5%	105	1,506
631	1	33.9%	69.00	68.05	72.00	290.00	13.60	17.40	17.35	24.8%	1	630
900	7	32.1%	63.02	60.50	64.00	300.00	17.70	20.40	19.06	24.1%	5	1,681
748	3	31.8%	56.42	54.95	58.45	310.00	20.70	23.35	24.35	23.2%	3	1,091
1,387	2	30.9%	48.13	50.00	52.15	320.00	23.55	27.40	26.14	22.8%	1	2,119
1,014	2	30.1%	45.47	45.15	46.40	330.00	29.50	31.55	32.00	22.1%	185	2,912
JPM $332.99
445	2	29.4%	40.00	39.45	41.20	340.00	32.50	37.00	37.73	22.0%	68	609
1,605	7	29.1%	35.70	35.25	36.80	350.00	39.20	41.05	43.30	20.7%	102	996
1,133	302	29.7%	31.40	29.85	34.00	360.00	44.65	46.65	47.95	20.1%	1	501
269	1	29.2%	27.15	25.20	30.00	370.00	51.05	53.40	49.35	19.9%	6	185
391	3	28.9%	24.05	22.75	26.50	380.00	57.35	60.05	59.47	19.4%	7	95
561	60	27.7%	21.10	19.15	22.20	390.00	64.60	66.20	65.20	18.0%	60	306
3,472	5	28.3%	18.17	17.30	20.50	400.00	70.50	75.50	61.36	18.9%	9	36
303	2	27.2%	14.65	13.90	16.85	410.00	79.25	83.00	77.05	18.0%	2	31
678	1	27.1%	12.45	12.60	14.85	420.00	87.45	90.60	72.65	16.6%	9	15
169	1	26.5%	10.30	10.80	12.35	430.00	95.50	100.50	90.50	17.6%	2	22
299	1	26.3%	9.00	8.60	10.70	440.00	105.60	109.00	88.65	16.3%	1	7
229	3	27.2%	8.52	6.80	10.35	450.00	0.00	0.00	94.73	—	2	0
94	1	26.0%	7.45	5.95	7.95	460.00	105.35	108.10	115.00	—	3	1
559	12	26.8%	5.95	4.95	7.65	470.00	114.75	116.95	122.25	—	3	5
136	2	25.6%	5.24	4.85	5.75	480.00	0.00	0.00	119.20	—	3	0
181	1	25.9%	6.30	4.10	5.20	490.00	0.00	0.00	128.32	—	3	0
612	1	26.2%	4.03	3.50	4.75	500.00	186.50	191.50	199.00	44.9%	10	0
76	2	26.9%	3.50	2.59	4.05	520.00	—	—	—	—	—	—
197	4	25.9%	2.12	1.90	2.57	540.00	204.50	209.50	191.00	25.9%	—	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the JPM put/call ratio?

For the January 21, 2028 expiration, the JPM put/call ratio based on open interest is 1.31 (23,063 puts vs 17,645 calls), and 2.20 based on today's volume. A ratio above 1 means more puts than calls.

What is JPM's implied volatility?

At-the-money implied volatility for JPM options expiring January 21, 2028 is about 26.1%, an annualized estimate of how much the market expects JP Morgan Chase stock to move.

How many JPM option expiration dates are there?

JPM has 15 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.