US Single Stock Volatility Chartbook

Research evidence excerpt

US Single Stock Volatility Chartbook

Bram Kaplan, CFA Global Markets Strategy

(1-212) 272-1215 28 July 2026

bram.kaplan@jpmorgan.com

the purchase or sale of any financial instrument. The opinions and recommendations herein do not take into account individual client circumstances, objectives, or needs and are not

intended as recommendations of particular securities, financial instruments or strategies to particular clients. This material may include views on structured securities, options, futures and

other derivatives. These are complex instruments, may involve a high degree of risk and may be appropriate investments only for sophisticated investors who are capable of understanding

and assuming the risks involved. The recipients of this material must make their own independent decisions regarding any securities or financial instruments mentioned herein and should

seek advice from such independent financial, legal, tax or other adviser as they deem necessary. J.P. Morgan may trade as a principal on the basis of the Research Analysts’ views and

research, and it may also engage in transactions for its own account or for its clients’ accounts in a manner inconsistent with the views taken in this material, and J.P. Morgan is under no

obligation to ensure that such other communication is brought to the attention of any recipient of this material. Others within J.P. Morgan, including Strategists, Sales staff and other

Research Analysts, may take views that are inconsistent with those taken in this material. Employees of J.P. Morgan not involved in the preparation of this material may have investments

in the securities (or derivatives of such securities) mentioned in this material and may trade them in ways different from those discussed in this material.