BAC Options History — June 2009

In June 2009, BAC traded between $11.21 and $13.72. ATM implied volatility averaged 63.7%, placing in the 9.5% IV rank vs the trailing year. The 30-day expected move averaged 18.7%. IV traded below realized volatility by 5.9% (HV 20d: 69.6%). Max pain ranged from $11.00 to $12.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.59.

Notable Days

  • 2009-06-11: Highest Volume — 1,130,494 contracts
  • 2009-06-22: Largest IV spike — 14.1% change
  • 2009-06-02: Highest IV Rank — 14.2%
  • 2009-06-22: Largest Expected Move — 21.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.40$11.21$13.72$11.21$13.20
Max Pain$11.68$11.00$12.00$11.00$12.00
ATM IV63.7%55.0%75.4%63.8%57.2%
Expected Move18.7%16.4%21.6%18.3%16.4%
HV 20d69.6%51.8%115.9%115.9%65.7%
HV 60d141.5%124.9%163.1%163.1%124.9%
IV Rank9.5%4.8%14.2%13.5%4.8%
IV Percentile16.8%6.3%31.3%18.3%6.3%
Term Structure1.9%-1.6%9.0%7.2%1.4%
VWIV65.9%58.1%75.8%64.2%58.4%
Skew 25d5.2%-0.5%7.7%6.0%2.6%
Skew 10d9.8%-0.1%14.9%9.7%6.6%
Call IV 25d64.2%57.9%73.3%62.6%58.1%
Put IV 25d69.4%60.4%80.3%68.5%60.7%
Bid-Ask Spread %2.792.093.392.822.82
Gamma HHI0.170.130.280.200.18
Net GEX27.2M15.5M48.0M19.8M30.9M
Net DEX-1.44B-2.59B-811.3M-1.03B-1.63B
Net VEX-11.3M-12.0M-10.7M-11.0M-11.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.270.800.540.72
Total Volume475,696.227257,4991,130,494360,128305,616
Total OI6,758,083.4095,790,3547,538,8186,989,0606,351,943

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-06-01$11.21$11.0063.8%18.3%115.9%13.5%64.2%6.0%7.2%19.8M-1.03B-11.0M0.542.82234,093126,0354,380,1072,608,953
2009-06-02$11.41$11.0067.7%19.4%98.5%14.2%69.3%-0.5%3.2%16.9M-941.9M-10.7M0.633.37207,913131,8414,077,6322,626,956
2009-06-03$11.21$11.0064.7%18.5%97.7%12.9%65.7%1.9%7.5%15.5M-811.3M-10.7M0.752.67156,846117,6354,099,2502,653,610
2009-06-04$11.87$11.0060.1%17.2%81.6%10.9%61.7%2.3%9.0%21.6M-1.17B-11.2M0.762.78246,765188,5974,133,4322,684,541
2009-06-05$11.86$11.0061.0%19.5%77.8%11.3%68.2%7.7%1.3%22.8M-1.22B-11.2M0.693.25313,837214,9874,162,8882,721,496
2009-06-08$12.06$12.0060.2%19.1%75.7%8.1%68.4%7.3%1.2%24.6M-1.29B-10.8M0.752.63166,554124,7744,160,8602,714,984
2009-06-09$12.06$11.0055.0%18.7%69.1%5.3%67.4%7.5%1.1%24.4M-1.23B-10.7M0.722.74171,967123,8244,161,6172,709,942
2009-06-10$11.98$11.0058.0%19.2%66.5%6.6%66.6%5.8%2.6%26.2M-1.27B-10.9M0.582.86318,199185,5364,206,8392,704,967
2009-06-11$12.97$12.0061.0%17.5%59.6%8.0%62.8%4.9%1.2%40.8M-1.98B-11.3M0.383.39816,673313,8214,249,9002,727,942
2009-06-12$13.72$12.0062.0%17.8%61.7%8.5%63.7%4.0%-0.4%48.0M-2.59B-12.0M0.522.67647,113335,5094,341,0822,796,463
2009-06-15$13.33$12.0068.8%19.7%58.2%11.6%69.0%4.9%-0.6%38.0M-2.20B-11.8M0.453.00401,577180,6364,351,4662,871,460
2009-06-16$12.73$12.0064.2%18.4%52.6%9.5%64.7%5.8%1.9%33.2M-1.71B-11.3M0.352.12468,364165,0674,410,1382,859,741
2009-06-17$12.30$12.0068.8%19.7%51.8%11.6%67.9%6.7%0.1%29.9M-1.36B-11.4M0.803.11330,724265,2904,566,4072,873,923
2009-06-18$12.90$12.0066.8%19.2%53.7%9.2%67.8%7.7%-0.7%42.2M-1.85B-11.7M0.462.09318,887145,4394,552,1562,913,358
2009-06-19$13.22$12.0066.1%18.9%53.9%8.9%66.9%6.6%3.5%35.1M-2.29B-11.9M0.272.95504,426137,5894,605,9392,932,879
2009-06-22$11.94$12.0075.4%21.6%65.3%13.2%75.8%7.1%0.1%16.7M-978.7M-11.2M0.672.62323,212216,9133,617,2062,173,148
2009-06-23$12.23$12.0072.9%20.9%65.5%12.1%73.2%7.7%-1.6%18.1M-1.05B-11.3M0.743.10224,656166,0193,665,8372,249,765
2009-06-24$12.35$12.0067.6%19.4%65.4%9.6%66.4%7.1%0.2%19.8M-1.11B-11.4M0.642.32193,330123,1283,753,0512,314,572
2009-06-25$12.35$12.0064.9%18.6%64.5%8.3%64.2%5.0%0.7%20.3M-1.08B-11.5M0.543.04191,402104,1783,798,8702,349,904
2009-06-26$12.75$12.0058.4%16.7%65.2%5.3%59.9%4.4%2.1%24.4M-1.33B-11.7M0.422.70181,87275,6273,842,0402,385,609
2009-06-29$13.19$12.0057.4%16.5%65.7%4.9%58.1%2.4%1.6%29.5M-1.62B-11.8M0.572.44190,086108,7603,907,5202,407,442
2009-06-30$13.20$12.0057.2%16.4%65.7%4.8%58.4%2.6%1.4%30.9M-1.63B-11.7M0.722.82177,188128,4283,944,1272,407,816