BAC Options History — June 2012

In June 2012, BAC traded between $6.90 and $8.18. ATM implied volatility averaged 49.0%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded above realized volatility by 1.0% (HV 20d: 48.0%). Max pain ranged from $8.00 to $8.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.52.

Notable Days

  • 2012-06-06: Highest Volume — 507,535 contracts
  • 2012-06-29: Largest IV drop — 27.1% change
  • 2012-06-13: Highest IV Rank — 23.5%
  • 2012-06-13: Largest Expected Move — 16.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.63$6.90$8.18$7.02$8.18
Max Pain$8.00$8.00$8.00$8.00$8.00
ATM IV49.0%33.1%60.1%51.5%33.1%
Expected Move13.9%12.0%16.1%15.3%12.0%
HV 20d48.0%37.0%54.5%38.1%51.0%
HV 60d42.8%41.1%45.7%42.5%44.4%
IV Rank15.9%5.1%23.5%17.6%5.1%
IV Percentile42.9%3.6%64.7%55.2%3.6%
Term Structure-1.0%-2.8%2.1%2.1%-0.7%
VWIV48.8%42.6%56.2%54.6%42.6%
Skew 25d8.8%3.9%12.4%8.5%8.3%
Skew 10d18.0%11.0%25.0%17.1%11.0%
Call IV 25d46.0%39.1%53.2%53.2%39.1%
Put IV 25d54.8%47.4%63.4%61.8%47.4%
Bid-Ask Spread %2.781.6411.321.7910.22
Gamma HHI0.180.150.320.150.19
Net GEX12.7M2.8M30.1M3.9M19.7M
Net DEX16.2M-424.3M437.7M344.0M-424.3M
Net VEX-11.7M-12.7M-10.8M-11.3M-12.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.330.810.790.47
Total Volume267,851.667136,509507,535355,901434,376
Total OI9,362,342.0958,641,8979,948,2279,685,0368,959,688

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-06-01$7.02$8.0051.5%15.3%38.1%17.6%54.6%8.5%2.1%3.9M344.0M-11.3M0.791.79198,712157,1896,033,5213,651,515
2012-06-04$6.90$8.0060.0%16.0%37.0%23.3%56.2%11.5%-2.3%2.8M437.7M-10.9M0.401.68129,56252,3516,011,9003,662,111
2012-06-05$7.10$8.0054.6%15.2%37.1%19.7%51.0%11.4%-1.5%4.7M340.9M-11.1M0.452.03111,00449,6836,043,9393,670,463
2012-06-06$7.64$8.0047.5%13.5%46.0%14.9%50.6%10.6%0.4%11.6M52.3M-11.7M0.592.25319,637187,8986,077,3233,674,046
2012-06-07$7.42$8.0053.8%15.7%47.0%19.1%51.7%10.5%-2.8%9.3M166.1M-11.7M0.751.97196,956148,2066,149,5513,697,242
2012-06-08$7.56$8.0052.1%14.0%47.6%18.0%50.5%9.9%-1.7%11.0M144.8M-11.3M0.561.64192,852108,1096,162,2063,734,211
2012-06-11$7.28$8.0059.0%15.6%48.9%22.7%52.9%8.2%-1.7%6.7M223.4M-11.5M0.811.77161,729130,5906,150,7493,689,810
2012-06-12$7.49$8.0058.2%15.9%49.1%22.1%51.8%12.4%-2.1%9.6M178.5M-11.4M0.611.8284,99351,5166,170,2033,733,834
2012-06-13$7.50$8.0060.1%16.1%49.0%23.5%52.1%11.7%-2.1%9.1M164.2M-11.4M0.432.21132,73056,5896,157,4513,730,967
2012-06-14$7.66$8.0049.1%14.1%48.3%16.0%50.1%11.7%-0.1%15.3M-45.3M-12.4M0.652.12152,79599,1836,194,5743,726,503
2012-06-15$7.90$8.0047.5%13.6%48.5%14.9%49.2%11.7%-0.6%30.1M-127.8M-12.1M0.372.19195,40672,8356,209,3883,738,839
2012-06-18$7.76$8.0045.5%13.0%49.3%13.5%46.3%7.1%-1.7%12.8M-89.4M-11.8M0.331.81176,33358,6945,264,5483,377,349
2012-06-19$8.11$8.0045.2%13.0%49.6%13.4%45.4%9.6%-0.9%18.6M-367.5M-12.7M0.402.25303,887122,5105,337,0323,405,069
2012-06-20$8.14$8.0043.3%12.4%49.3%12.1%42.6%7.8%0.4%18.2M-304.4M-12.1M0.591.92137,60180,5395,402,6613,426,674
2012-06-21$7.82$8.0045.7%13.1%51.6%13.7%46.8%6.0%-0.8%14.1M-133.9M-12.0M0.731.96201,908147,9835,441,5603,473,208
2012-06-22$7.94$8.0042.8%12.3%51.6%11.7%43.6%6.6%0.3%15.1M-117.7M-11.8M0.481.66155,65274,8225,474,7643,459,533
2012-06-25$7.60$8.0045.8%13.1%54.5%13.7%47.2%5.2%-1.2%12.3M538.4K-11.3M0.412.05138,80556,9545,408,7303,419,355
2012-06-26$7.62$8.0046.0%13.2%52.7%13.9%47.4%3.9%-1.8%12.2M73.6M-10.8M0.361.70116,87842,3595,431,2753,432,170
2012-06-27$7.77$8.0043.4%12.4%51.5%12.1%44.9%6.8%-0.1%15.3M-92.6M-11.8M0.352.08107,37537,8415,460,9133,439,006
2012-06-28$7.74$8.0045.4%13.0%51.2%13.4%46.9%4.7%-2.5%15.2M-82.1M-11.8M0.4011.32171,19068,6535,481,9603,443,343
2012-06-29$8.18$8.0033.1%12.0%51.0%5.1%42.6%8.3%-0.7%19.7M-424.3M-12.5M0.4710.22294,579139,7975,507,0873,452,601