OPEN-SOURCE SCRIPT
JPM Collar Levels - SPX
JPM Collar Levels - SPX plots manually updated quarterly JPM collar reference levels for the S&P 500 Index.
The indicator is designed for traders and analysts who want a clean way to keep the main JPM collar levels visible on the SPX chart without turning them into signals, targets, or magic lines.
The script currently plots three reference levels for each loaded quarterly collar:
- Short Call
- Long Put
- Short Put
These levels are hardcoded and updated manually after each quarterly reset.
Important convention:
The reported quarter is displayed during the following active quarter.
For example, Q2 2026 collar levels are active from July 1, 2026 to October 1, 2026.
This matters because the collar is not meant to be read as a normal calendar-quarter label. The levels are reported after a reset and then used as reference levels during the next active period.
What this indicator does:
- Plots JPM collar levels directly on SPX.
- Shows the active quarter more clearly than older quarters.
- Allows users to display only the current active quarter, the last year, or all loaded historical quarters.
- Optionally shows distance from current SPX price to each active level in points, percent, or both.
- Includes alerts for first touch per quarter or every touch.
- Shows a warning on common S&P 500 proxies such as SPY, ES, US500, or SPX500.
- Stays silent on unrelated symbols.
- Shows an update warning only after the latest loaded collar period has ended.
What this indicator does not do:
- It does not generate buy or sell signals.
- It does not predict price direction.
- It does not define support or resistance.
- It does not claim that price must react at these levels.
- It does not backtest a strategy.
- It does not estimate probabilities.
These are reference levels only.
I use them as market structure context, not as trade instructions. A level can matter because large collars and option structures may become part of how traders frame risk, hedging, and positioning. That still does not mean price has to respect the level. Markets are not polite.
Recommended use:
Use this indicator to keep quarterly JPM collar reference levels visible while analyzing SPX price action, volatility, positioning, and broader market context.
The cleanest default view is “Last year”, which shows the active quarter plus recent historical context. Users who only want the current structure can switch to “Current only”.
Distance labels are optional and turned off by default to keep the chart clean.
Symbol note:
This script is designed for SPX. It intentionally avoids plotting the levels on S&P 500 proxies such as SPY, ES, US500, SPX500, VOO, or IVV, because those instruments trade at different prices and the raw SPX collar levels do not map directly without adjustment.
Manual update note:
The levels are hardcoded. They must be updated manually after each quarterly JPM collar reset. If the latest loaded period has ended, the script will show an update warning.
Settings section
Main settings:
Visible history
- Current only: shows only the active collar period.
- Last year: shows the active period plus recent historical quarters.
- All loaded: shows all hardcoded quarters available in the script.
Distance display
- Off: clean labels only.
- Percent: shows distance from current SPX price to the active levels in percent.
- Points: shows distance in SPX points.
- Points + Percent: shows both.
Label contrast
- Soft: cleaner chart, lower visual noise.
- Normal: easier to read.
- Strong: highest label visibility.
Alerts
- First touch per quarter: each level can trigger once during the active quarter.
- Every touch: alerts can trigger again when price touches a level again.
Release notes
Initial public version.
Includes manually updated JPM quarterly collar reference levels for SPX, with configurable visible history, optional distance labels, SPX-only symbol handling, and alert modes for level touches.
The script is open-source and intended as a clean reference tool, not a trading signal.
The indicator is designed for traders and analysts who want a clean way to keep the main JPM collar levels visible on the SPX chart without turning them into signals, targets, or magic lines.
The script currently plots three reference levels for each loaded quarterly collar:
- Short Call
- Long Put
- Short Put
These levels are hardcoded and updated manually after each quarterly reset.
Important convention:
The reported quarter is displayed during the following active quarter.
For example, Q2 2026 collar levels are active from July 1, 2026 to October 1, 2026.
This matters because the collar is not meant to be read as a normal calendar-quarter label. The levels are reported after a reset and then used as reference levels during the next active period.
What this indicator does:
- Plots JPM collar levels directly on SPX.
- Shows the active quarter more clearly than older quarters.
- Allows users to display only the current active quarter, the last year, or all loaded historical quarters.
- Optionally shows distance from current SPX price to each active level in points, percent, or both.
- Includes alerts for first touch per quarter or every touch.
- Shows a warning on common S&P 500 proxies such as SPY, ES, US500, or SPX500.
- Stays silent on unrelated symbols.
- Shows an update warning only after the latest loaded collar period has ended.
What this indicator does not do:
- It does not generate buy or sell signals.
- It does not predict price direction.
- It does not define support or resistance.
- It does not claim that price must react at these levels.
- It does not backtest a strategy.
- It does not estimate probabilities.
These are reference levels only.
I use them as market structure context, not as trade instructions. A level can matter because large collars and option structures may become part of how traders frame risk, hedging, and positioning. That still does not mean price has to respect the level. Markets are not polite.
Recommended use:
Use this indicator to keep quarterly JPM collar reference levels visible while analyzing SPX price action, volatility, positioning, and broader market context.
The cleanest default view is “Last year”, which shows the active quarter plus recent historical context. Users who only want the current structure can switch to “Current only”.
Distance labels are optional and turned off by default to keep the chart clean.
Symbol note:
This script is designed for SPX. It intentionally avoids plotting the levels on S&P 500 proxies such as SPY, ES, US500, SPX500, VOO, or IVV, because those instruments trade at different prices and the raw SPX collar levels do not map directly without adjustment.
Manual update note:
The levels are hardcoded. They must be updated manually after each quarterly JPM collar reset. If the latest loaded period has ended, the script will show an update warning.
Settings section
Main settings:
Visible history
- Current only: shows only the active collar period.
- Last year: shows the active period plus recent historical quarters.
- All loaded: shows all hardcoded quarters available in the script.
Distance display
- Off: clean labels only.
- Percent: shows distance from current SPX price to the active levels in percent.
- Points: shows distance in SPX points.
- Points + Percent: shows both.
Label contrast
- Soft: cleaner chart, lower visual noise.
- Normal: easier to read.
- Strong: highest label visibility.
Alerts
- First touch per quarter: each level can trigger once during the active quarter.
- Every touch: alerts can trigger again when price touches a level again.
Release notes
Initial public version.
Includes manually updated JPM quarterly collar reference levels for SPX, with configurable visible history, optional distance labels, SPX-only symbol handling, and alert modes for level touches.
The script is open-source and intended as a clean reference tool, not a trading signal.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.