BAC Options History — July 2012

In July 2012, BAC traded between $7.04 and $8.06. ATM implied volatility averaged 40.6%, placing in the 7.5% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded below realized volatility by 2.5% (HV 20d: 43.1%). 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 8 of 21 days. Put/call ratio averaged 0.51.

Notable Days

  • 2012-07-18: Highest Volume — 512,393 contracts
  • 2012-07-10: Largest IV spike — 37.1% change
  • 2012-07-10: Highest IV Rank — 22.4%
  • 2012-07-10: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.50$7.04$8.06$8.05$7.34
Max Pain$8.00$8.00$8.00$8.00$8.00
ATM IV40.6%30.8%62.7%35.3%53.9%
Expected Move11.2%9.6%12.9%12.3%11.0%
HV 20d43.1%35.3%51.0%51.0%35.5%
HV 60d42.5%40.9%44.5%44.5%42.2%
IV Rank7.5%1.8%22.4%6.6%16.3%
IV Percentile18.9%0.8%67.9%7.1%55.2%
Term Structure-0.2%-2.4%2.4%-2.3%-2.1%
VWIV39.6%34.3%45.2%45.2%38.1%
Skew 25d3.7%0.9%7.3%6.9%3.8%
Skew 10d7.3%3.0%14.2%10.5%7.6%
Call IV 25d39.4%34.4%43.8%41.8%37.2%
Put IV 25d43.1%36.4%48.6%48.6%41.0%
Bid-Ask Spread %2.481.325.701.483.93
Gamma HHI0.180.170.240.190.17
Net GEX10.4M330.1K24.5M18.8M3.6M
Net DEX153.2M-278.8M427.0M-278.8M320.3M
Net VEX-9.8M-12.0M-8.6M-12.0M-8.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.220.920.520.92
Total Volume233,132.1982,457512,393173,19297,666
Total OI9,208,756.2868,918,4909,686,0999,062,9929,077,654

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-07-02$8.05$8.0035.3%12.3%51.0%6.6%45.2%6.9%-2.3%18.8M-278.8M-12.0M0.521.48113,72959,4635,556,6173,506,375
2012-07-03$8.06$8.0030.8%11.5%50.4%2.7%40.6%7.3%-0.9%19.1M-247.4M-11.5M0.581.9352,31130,1465,550,3203,509,508
2012-07-05$7.82$8.0037.4%12.2%45.3%7.2%43.5%4.2%-2.4%16.9M-71.0M-10.9M0.273.67185,52349,9815,567,7863,513,098
2012-07-06$7.66$8.0038.6%11.7%44.6%8.1%43.5%4.9%-0.1%14.2M10.5M-10.9M0.661.80106,50170,7185,647,2583,525,276
2012-07-09$7.56$8.0045.8%11.8%44.5%12.9%42.6%3.8%-0.3%13.0M65.9M-10.5M0.521.5782,79743,1505,594,3143,506,782
2012-07-10$7.48$8.0062.7%12.9%42.4%22.4%43.0%4.5%-0.2%10.8M197.6M-9.8M0.501.92107,64353,9205,627,4903,521,589
2012-07-11$7.63$8.0050.5%11.8%41.8%13.8%42.5%3.0%-1.2%13.6M74.1M-10.4M0.765.7094,72672,0765,653,9413,552,512
2012-07-12$7.48$8.0044.0%12.6%42.4%9.2%42.6%3.6%-1.1%11.0M186.5M-9.9M0.422.03121,64851,5785,676,1593,569,053
2012-07-13$7.82$8.0038.4%11.0%44.7%5.3%39.5%3.4%-0.3%17.9M17.8M-10.3M0.244.04248,06360,1205,731,9833,581,868
2012-07-16$7.81$8.0040.7%11.7%43.3%7.0%42.4%2.0%-2.2%20.1M-76.3M-10.3M0.281.99197,00755,9835,810,1393,573,740
2012-07-17$7.92$8.0039.7%11.4%43.1%6.3%40.6%3.1%-2.3%24.5M-129.1M-10.5M0.222.98302,73666,7145,873,8343,589,884
2012-07-18$7.53$8.0033.4%9.6%43.6%1.8%34.3%2.4%1.5%11.3M235.0M-9.5M0.472.28347,543164,8505,886,7633,597,385
2012-07-19$7.26$8.0037.4%10.7%45.0%4.6%37.5%3.6%1.7%4.0M336.0M-9.0M0.722.47271,704194,6835,981,6363,612,519
2012-07-20$7.07$8.0035.1%10.1%43.9%3.0%35.9%1.9%1.8%330.1K427.0M-8.7M0.781.79197,183153,5106,040,8123,645,287
2012-07-23$7.09$8.0037.6%10.8%43.4%4.8%37.7%4.5%-0.3%1.5M414.2M-8.8M0.451.92165,24975,1555,463,2643,455,226
2012-07-24$7.04$8.0037.7%10.8%41.0%4.8%38.0%3.2%0.4%2.2M426.5M-8.6M0.601.92114,90969,3775,517,7413,467,460
2012-07-25$7.07$8.0035.9%10.3%41.0%3.6%36.0%4.5%2.0%2.2M394.9M-8.8M0.362.47149,83054,5915,536,7563,500,691
2012-07-26$7.17$8.0035.3%10.1%40.6%3.2%35.4%2.6%2.1%3.7M337.2M-8.9M0.511.32137,71770,4875,574,1523,505,075
2012-07-27$7.31$8.0038.8%10.0%41.5%5.6%35.0%0.9%2.4%4.7M264.4M-8.9M0.463.43183,33984,1225,632,0333,519,832
2012-07-30$7.28$8.0043.8%10.6%35.3%9.1%36.9%2.9%0.1%5.0M312.9M-8.8M0.431.5296,28541,0435,621,8343,508,236
2012-07-31$7.34$8.0053.9%11.0%35.5%16.3%38.1%3.8%-2.1%3.6M320.3M-8.7M0.923.9350,80146,8655,561,5103,516,144