Options · JPM

GEX × Max Pain for JPM

AI-generated plain-English read of gex × max pain for JPM. Updated daily.

Expect chop between $185.00 and $410.00 — two magnets pulling in opposite directions, and the damper regime keeps moves contained.

What will probably happen

Short-term: expect oscillation between $185.00 and $410.00. No directional commitment without an external catalyst.
Longer-dated OI is positioned for settlement at $185.00 (-46% from here) — gravitational pull down over weeks-to-months.

If you HOLD this stock: No structural action needed. Dampers are protecting you this week.
If you TRADE this stock (no options): Range-trade between $185.00 and $410.00. Both edges are defended; breakouts on no news will fail.
If you trade OPTIONS: Iron condor wide enough to bracket $185.00–$410.00. Damper absorbs noise inside the band; theta prints without a directional bet.

Clear regime, tight convergence, full term structure (15 expirations).

Technical details

Term: Term structure: max-gamma climbs from $410.00 (front) to $480.00 (longest-dated); max-pain holds near $185.00 across the curve.
Regime: Net GEX is positive ($2.3K) and the per-strike GEX never flips sign — dealers are net long gamma across the chain, hedging activity DAMPENS moves throughout the listed strike range.
Structure: Spot $343.58; front-week magnet at $410.00 (max-gamma) and $185.00 (max-pain).
Convergence: Split: max-gamma ($410.00) sits above spot while max-pain ($185.00) sits below. Hedging and OI math are pulling in OPPOSITE directions — expect chop in the band between them rather than a clean directional move.

One mid-curve expiration carries >5× the front-week dollar GEX — single-position concentration risk; signal is more vulnerable to unwinds.