BAC Options History — July 2009

In July 2009, BAC traded between $11.84 and $14.79. ATM implied volatility averaged 63.7%, placing in the 8.2% IV rank vs the trailing year. The 30-day expected move averaged 16.8%. IV traded above realized volatility by 4.6% (HV 20d: 59.1%). 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 11 of 22 days. Put/call ratio averaged 0.53.

Notable Days

  • 2009-07-17: Highest Volume — 1,010,161 contracts
  • 2009-07-16: Largest IV drop — 35.5% change
  • 2009-07-15: Highest IV Rank — 23.5%
  • 2009-07-08: Largest Expected Move — 22.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.80$11.84$14.79$13.05$14.79
Max Pain$11.55$11.00$12.00$12.00$12.00
ATM IV63.7%43.5%97.6%60.8%43.5%
Expected Move16.8%12.5%22.1%17.4%12.5%
HV 20d59.1%50.0%66.3%65.4%54.9%
HV 60d93.6%67.0%125.0%124.9%67.0%
IV Rank8.2%0.0%23.5%6.4%0.0%
IV Percentile17.5%0.0%51.6%11.5%0.0%
Term Structure1.0%-5.9%6.6%-1.2%2.8%
VWIV59.0%44.7%76.9%62.1%44.7%
Skew 25d5.9%2.5%10.7%4.4%2.5%
Skew 10d12.6%5.6%22.8%8.0%5.6%
Call IV 25d56.8%44.3%73.4%61.2%44.3%
Put IV 25d62.7%46.8%83.6%65.7%46.8%
Bid-Ask Spread %2.761.963.552.622.21
Gamma HHI0.180.140.410.170.18
Net GEX28.0M15.5M51.6M29.8M44.0M
Net DEX-1.34B-2.56B-817.8M-1.57B-2.56B
Net VEX-11.0M-11.6M-9.9M-11.6M-11.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.320.950.640.42
Total Volume415,877.591198,0361,010,161250,057503,878
Total OI6,491,293.7275,873,3077,101,0996,413,0786,340,029

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-07-01$13.05$12.0060.8%17.4%65.4%6.4%62.1%4.4%-1.2%29.8M-1.57B-11.6M0.642.62152,90397,1543,973,6942,439,384
2009-07-02$12.64$12.0063.2%18.1%64.1%7.6%64.0%3.4%-1.1%25.3M-1.29B-11.5M0.603.54128,80377,4034,016,8962,479,895
2009-07-06$12.15$11.0076.5%20.2%65.8%13.7%69.9%7.7%-3.4%20.5M-979.9M-11.1M0.612.75202,679124,4874,046,0662,486,900
2009-07-07$12.15$11.0082.2%20.8%65.6%16.4%72.0%7.7%-3.9%20.6M-1.00B-11.3M0.383.12199,28675,5594,090,7972,517,484
2009-07-08$11.84$11.0089.3%22.1%66.2%19.7%76.9%10.2%-5.9%17.9M-817.8M-11.1M0.433.55369,631159,7544,118,2932,537,562
2009-07-09$11.97$11.0080.5%21.6%66.3%15.6%76.8%10.7%-3.4%20.5M-897.6M-11.2M0.952.76158,895150,4114,192,6992,552,839
2009-07-10$11.88$11.0080.4%21.1%59.3%15.6%74.7%7.4%-2.6%17.8M-838.1M-11.1M0.853.14133,999113,6694,185,0852,617,899
2009-07-13$12.99$11.0096.7%20.4%64.7%23.1%71.6%7.6%-3.8%31.3M-1.62B-11.6M0.433.10340,751146,2794,219,1222,636,318
2009-07-14$12.91$11.0087.8%19.5%64.0%19.0%67.8%8.5%-2.9%35.0M-1.56B-11.3M0.333.18371,573122,7714,258,0642,651,267
2009-07-15$13.42$11.0097.6%19.4%63.3%23.5%66.5%8.8%-2.5%40.8M-1.96B-11.6M0.323.12513,242162,7504,246,4772,672,629
2009-07-16$13.17$11.0062.9%18.0%62.3%7.4%63.0%6.1%-1.5%39.0M-1.72B-11.2M0.512.48419,959213,0744,337,0702,713,437
2009-07-17$12.89$11.0053.4%15.3%60.6%3.0%53.9%7.1%3.7%51.6M-1.32B-10.6M0.473.04687,535322,6264,365,7562,735,343
2009-07-20$12.24$12.0053.9%15.5%62.5%3.2%53.5%5.4%2.4%15.6M-869.5M-10.0M0.502.46448,769224,8183,619,9792,253,328
2009-07-21$12.19$12.0051.2%14.7%50.7%2.0%51.1%4.4%3.5%15.8M-856.1M-10.1M0.453.28185,53584,3973,700,1112,298,693
2009-07-22$12.23$12.0048.4%13.9%50.0%0.7%48.8%4.0%5.0%15.5M-841.3M-9.9M0.712.75156,488110,8283,728,3352,323,679
2009-07-23$12.69$12.0044.6%12.8%51.6%0.0%45.7%4.8%6.6%21.1M-1.12B-10.4M0.422.28238,963101,2063,741,1652,343,322
2009-07-24$12.51$12.0047.2%13.5%51.9%1.2%48.8%4.4%5.6%21.8M-1.08B-10.5M0.771.96111,65986,3773,833,2802,356,167
2009-07-27$13.09$12.0045.4%13.0%53.2%0.4%46.4%2.9%6.4%28.3M-1.38B-10.8M0.592.43185,052108,2683,843,0362,371,523
2009-07-28$13.34$12.0046.1%13.2%52.2%0.7%47.5%3.4%6.4%31.7M-1.58B-10.8M0.342.07283,06795,7373,871,6032,388,329
2009-07-29$13.52$12.0045.0%12.9%52.4%0.2%47.3%5.2%5.9%35.3M-1.69B-11.0M0.332.06254,09583,3913,997,3502,395,361
2009-07-30$13.97$12.0044.4%12.7%53.4%0.0%46.0%3.5%5.7%37.6M-1.95B-11.1M0.522.81289,610151,9763,906,6832,405,513
2009-07-31$14.79$12.0043.5%12.5%54.9%0.0%44.7%2.5%2.8%44.0M-2.56B-11.1M0.422.21355,115148,7633,903,3422,436,687