BAC Options History — August 2008

In August 2008, BAC traded between $28.08 and $33.58. ATM implied volatility averaged 58.9%, placing in the 49.6% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded below realized volatility by 41.9% (HV 20d: 100.8%). Max pain ranged from $30.00 to $32.50. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.45.

Notable Days

  • 2008-08-13: Highest Volume — 341,019 contracts
  • 2008-08-12: Largest IV spike — 36.9% change
  • 2008-08-12: Highest IV Rank — 74.4%
  • 2008-08-13: Largest Expected Move — 18.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.82$28.08$33.58$33.33$31.14
Max Pain$30.83$30.00$32.50$30.00$30.00
ATM IV58.9%46.9%79.9%63.2%53.2%
Expected Move16.6%13.4%18.9%18.1%15.3%
HV 20d100.8%62.0%134.9%134.9%65.5%
HV 60d89.0%85.5%92.0%85.5%92.0%
IV Rank49.6%35.2%74.4%54.7%42.7%
IV Percentile86.6%74.2%97.6%91.3%81.3%
Term Structure2.4%-6.6%9.9%1.8%7.4%
VWIV60.2%52.4%69.3%64.1%52.4%
Skew 25d14.9%7.8%21.6%17.4%13.4%
Skew 10d28.6%14.4%42.1%36.9%27.0%
Call IV 25d51.2%44.5%59.5%54.5%46.3%
Put IV 25d66.1%59.7%74.8%71.9%59.8%
Bid-Ask Spread %3.662.585.442.583.40
Gamma HHI0.110.090.160.090.10
Net GEX-6.6M-22.7M6.2M3.6M-4.1M
Net DEX374.9M-661.3M1.08B-552.6M489.6M
Net VEX-17.1M-19.3M-15.6M-19.3M-17.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.450.533.521.200.53
Total Volume155,039.42947,049341,019154,92559,912
Total OI3,827,478.9053,200,3814,397,1004,043,7893,518,254

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-08-01$33.33$30.0063.2%18.1%134.9%54.7%64.1%17.4%1.8%3.6M-552.6M-19.3M1.202.5870,43784,4881,837,9202,205,869
2008-08-04$32.62$30.0062.1%18.2%134.0%53.4%68.7%21.6%-6.6%-346.4K-258.0M-18.4M1.754.8172,784127,6751,839,6892,237,661
2008-08-05$33.58$32.5060.3%16.7%131.6%51.2%60.1%21.1%-4.0%6.2M-661.3M-18.6M1.163.7284,20697,8941,861,3082,254,339
2008-08-06$33.45$32.5052.4%15.6%128.3%41.9%60.7%17.5%-1.5%4.4M-563.2M-18.4M3.525.4448,242169,8541,880,7752,291,836
2008-08-07$31.52$32.5056.6%16.5%131.4%46.9%62.9%17.8%-1.2%-4.1M39.6M-17.7M2.215.0763,709140,9101,887,3782,332,231
2008-08-08$32.25$32.5051.1%15.7%130.2%40.5%56.6%17.8%-0.4%-3.1M-92.1M-18.2M1.424.6943,77262,2971,892,4692,369,300
2008-08-11$33.38$32.5058.4%15.4%125.5%49.0%56.6%17.8%-1.4%4.1M-475.9M-18.1M1.185.3371,29984,0571,892,2842,377,039
2008-08-12$31.13$32.5079.9%18.4%123.9%74.4%61.3%19.3%-1.6%-10.1M284.2M-17.7M1.773.6483,926148,8071,909,1862,388,744
2008-08-13$28.86$32.5076.2%18.9%110.0%70.0%69.3%15.1%-1.8%-22.7M1.08B-16.5M1.823.18121,111219,9081,932,4582,436,439
2008-08-14$30.18$30.0060.0%17.2%97.0%50.9%60.0%15.0%0.5%-19.0M578.3M-16.9M1.123.5289,385100,5401,923,4022,473,698
2008-08-15$30.70$30.0056.5%16.2%96.4%46.8%56.3%14.6%2.8%-13.5M292.0M-17.0M0.893.4571,23363,5251,941,7842,437,058
2008-08-18$29.30$30.0056.8%16.3%97.3%47.2%59.3%10.6%4.6%-9.6M883.2M-15.9M1.372.6269,44695,3211,447,0011,753,380
2008-08-19$28.08$30.0064.5%18.5%86.7%56.2%65.4%11.0%2.5%-11.5M1.08B-15.6M2.012.9047,37495,3341,479,0881,804,474
2008-08-20$29.29$30.0059.5%17.1%87.4%50.3%61.7%15.4%3.0%-9.6M908.2M-16.1M1.023.0069,37770,8521,480,2961,800,713
2008-08-21$29.04$30.0057.7%16.5%82.0%48.2%61.6%12.4%6.1%-9.9M938.1M-16.1M1.053.2952,15954,6401,509,8361,830,634
2008-08-22$30.21$30.0055.4%15.9%82.4%45.4%57.2%12.3%6.8%-6.9M712.6M-16.8M0.852.8663,51953,8351,529,8691,845,377
2008-08-25$28.96$30.0057.7%16.6%81.5%48.2%60.2%7.8%6.3%-10.5M981.8M-15.8M1.293.3820,57226,4771,548,9531,856,013
2008-08-26$29.02$30.0055.9%16.0%63.6%45.8%58.6%9.5%8.7%-9.5M913.8M-15.9M2.023.2052,880106,8861,553,2751,850,936
2008-08-27$29.65$30.0053.2%15.2%62.0%42.6%55.7%11.3%9.9%-9.5M844.7M-16.5M1.033.2233,83434,8101,573,0341,898,829
2008-08-28$31.43$30.0046.9%13.4%65.7%35.2%56.1%14.6%8.9%-3.6M446.7M-17.3M1.303.4855,79372,7481,581,9411,912,287
2008-08-29$31.14$30.0053.2%15.3%65.5%42.7%52.4%13.4%7.4%-4.1M489.6M-17.1M0.533.4039,21520,6971,595,3101,922,944