BAC Options History — July 2010

In July 2010, BAC traded between $13.36 and $15.67. ATM implied volatility averaged 39.8%, placing in the 24.8% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 2.0% (HV 20d: 41.8%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.66.

Notable Days

  • 2010-07-16: Highest Volume — 759,004 contracts
  • 2010-07-15: Largest IV drop — 34.9% change
  • 2010-07-14: Highest IV Rank — 48.7%
  • 2010-07-01: Largest Expected Move — 13.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.34$13.36$15.67$14.02$14.04
Max Pain$15.71$15.00$16.00$15.00$15.00
ATM IV39.8%27.9%60.2%46.5%27.9%
Expected Move10.6%8.2%13.7%13.7%8.2%
HV 20d41.8%33.0%50.5%35.1%47.1%
HV 60d44.8%42.4%46.8%42.4%46.1%
IV Rank24.8%7.1%48.7%29.9%7.1%
IV Percentile45.2%1.2%96.4%69.8%1.2%
Term Structure1.4%-2.5%3.9%-2.3%3.9%
VWIV38.5%29.9%49.6%49.6%29.9%
Skew 25d6.1%2.1%10.1%10.1%2.1%
Skew 10d12.8%4.8%21.3%21.3%4.8%
Call IV 25d36.0%29.4%45.4%45.4%30.3%
Put IV 25d42.0%32.3%55.5%55.5%32.3%
Bid-Ask Spread %2.411.983.902.772.90
Gamma HHI0.140.100.590.110.12
Net GEX1.5M-73.7M24.4M-1.5M3.8M
Net DEX288.8M-677.3M786.3M493.4M471.2M
Net VEX-16.3M-18.6M-14.6M-16.6M-15.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.351.270.760.60
Total Volume288,280.524134,235759,004457,989134,235
Total OI6,845,215.9526,452,6857,185,1456,515,2377,185,145

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2010-07-01$14.02$15.0046.5%13.7%35.1%29.9%49.6%10.1%-2.3%-1.5M493.4M-16.6M0.762.77260,967197,0223,867,9572,647,280
2010-07-02$13.84$15.0040.5%12.6%34.1%21.7%47.0%8.1%-2.5%-3.4M629.4M-16.2M0.673.90123,59582,6903,949,3932,703,534
2010-07-06$14.06$16.0047.0%12.0%33.0%30.6%42.2%8.5%1.6%-2.2M542.0M-16.2M0.781.98108,78984,5783,958,8902,713,272
2010-07-07$14.71$16.0041.5%10.8%35.0%23.1%39.9%6.1%2.3%3.2M162.7M-17.2M0.732.32169,381123,2293,986,7322,740,005
2010-07-08$14.86$16.0043.9%10.8%34.5%26.3%40.0%6.9%1.7%8.3M55.0M-17.6M0.652.64139,83791,0804,033,8262,762,750
2010-07-09$15.11$16.0041.3%10.7%33.3%22.8%38.7%5.8%2.1%13.1M-168.3M-17.8M0.432.03129,59355,2524,079,4802,761,168
2010-07-12$15.21$16.0050.6%11.0%33.2%35.5%38.5%4.6%1.4%16.1M-295.0M-17.7M0.492.22120,91059,5764,079,6802,758,468
2010-07-13$15.67$16.0050.2%10.7%34.7%35.0%40.3%6.3%0.1%24.4M-677.3M-18.3M0.732.46206,832150,1874,100,7172,788,059
2010-07-14$15.67$16.0060.2%10.9%33.5%48.7%40.1%7.3%0.4%23.8M-672.7M-18.6M0.352.33193,93468,5134,135,2362,799,078
2010-07-15$15.39$16.0039.2%11.2%34.0%19.9%40.8%7.0%0.6%20.7M-417.4M-18.4M0.592.13200,711118,1064,200,3122,814,159
2010-07-16$13.98$16.0040.2%11.5%47.8%34.0%41.1%7.5%2.9%-73.7M742.8M-15.8M0.812.70419,943339,0614,231,7132,852,695
2010-07-19$13.61$16.0039.8%11.4%48.3%33.2%42.1%8.4%-0.2%-2.9M683.9M-14.7M0.692.04279,488192,8703,868,2482,584,437
2010-07-20$13.77$16.0035.4%10.1%48.7%23.5%37.4%5.3%1.1%-2.3M610.2M-15.1M0.422.60210,07288,7113,970,8062,667,136
2010-07-21$13.36$16.0039.9%11.4%49.4%33.3%39.8%6.3%1.2%-4.2M786.3M-14.6M0.762.03159,777121,9344,033,5032,695,150
2010-07-22$13.66$16.0034.8%10.0%50.5%22.1%37.1%5.2%1.0%-1.4M693.2M-14.8M0.372.10189,20269,2194,081,7192,749,688
2010-07-23$13.74$16.0033.3%9.5%50.0%18.8%37.6%4.6%1.6%-1.6M663.4M-14.8M1.272.74115,524146,4364,113,6332,747,671
2010-07-26$14.15$16.0032.3%9.3%50.3%16.7%33.8%5.6%2.2%2.1M396.0M-15.7M0.772.14165,321127,7864,140,6762,780,137
2010-07-27$14.19$15.0031.7%9.1%50.3%15.3%32.0%3.6%3.0%4.3M346.7M-15.9M0.532.08152,32381,1724,193,0752,809,136
2010-07-28$13.99$15.0030.3%8.7%48.1%12.4%31.2%3.9%3.2%1.9M527.1M-15.4M0.692.24100,60769,9144,215,6232,841,562
2010-07-29$14.03$15.0029.5%8.5%47.9%10.6%30.1%4.0%3.6%3.3M493.2M-15.4M0.782.18115,76889,7464,241,3782,866,408
2010-07-30$14.04$15.0027.9%8.2%47.1%7.1%29.9%2.1%3.9%3.8M471.2M-15.5M0.602.9083,96450,2714,276,2682,908,877