BAC Options History — May 2014

In May 2014, BAC traded between $14.51 and $15.25. ATM implied volatility averaged 19.7%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 10.1% (HV 20d: 29.7%). Max pain ranged from $15.00 to $17.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.51.

Notable Days

  • 2014-05-15: Highest Volume — 425,706 contracts
  • 2014-05-15: Largest IV spike — 12.7% change
  • 2014-05-06: Highest IV Rank — 27.5%
  • 2014-05-06: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.88$14.51$15.25$15.09$15.14
Max Pain$15.10$15.00$17.00$17.00$15.00
ATM IV19.7%17.8%21.4%21.3%18.7%
Expected Move6.8%6.7%7.0%6.9%6.8%
HV 20d29.7%21.7%33.5%33.0%21.7%
HV 60d26.2%25.5%27.2%25.6%25.6%
IV Rank16.4%4.2%27.5%26.6%10.1%
IV Percentile10.8%2.4%19.8%17.9%5.6%
Term Structure0.4%-0.5%2.1%-0.1%0.2%
VWIV23.9%23.2%25.3%24.2%23.2%
Skew 25d1.5%0.9%2.5%1.8%0.9%
Skew 10d3.5%1.8%4.9%4.8%2.5%
Call IV 25d19.4%17.6%20.8%20.8%18.5%
Put IV 25d20.9%19.0%22.6%22.6%19.4%
Bid-Ask Spread %5.043.856.506.504.55
Gamma HHI0.170.150.190.160.16
Net GEX25.3M11.5M38.5M19.7M34.8M
Net DEX-2.0M-426.4M391.5M-79.8M-366.6M
Net VEX-19.9M-22.0M-18.7M-19.0M-21.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.240.810.450.49
Total Volume212,188.571111,324425,706179,263111,324
Total OI7,310,928.0486,949,8657,783,9267,072,0057,403,527

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-05-01$15.09$17.0021.3%6.9%33.0%26.6%24.2%1.8%-0.1%19.7M-79.8M-19.0M0.456.50123,40555,8584,245,7332,826,272
2014-05-02$15.25$15.0020.3%6.9%33.5%20.7%25.3%2.5%-0.1%24.6M-224.8M-19.6M0.443.85128,87456,2174,299,9282,864,514
2014-05-05$15.08$15.0020.6%6.9%32.8%22.1%23.4%1.8%-0.4%22.6M-72.5M-19.6M0.414.20115,83047,5774,231,1462,832,783
2014-05-06$14.73$15.0021.4%7.0%33.0%27.5%24.5%1.7%0.1%13.6M225.0M-18.7M0.564.51237,335133,3024,281,5502,851,239
2014-05-07$14.80$15.0020.9%6.9%33.0%24.1%23.6%1.4%0.1%17.4M161.1M-18.9M0.576.04151,11786,6944,397,5352,904,706
2014-05-08$14.93$15.0020.8%6.8%32.9%23.2%23.6%1.7%0.0%24.6M-2.5M-20.0M0.365.75150,76954,0994,475,4492,949,526
2014-05-09$14.74$15.0021.3%7.0%31.7%26.6%24.2%1.6%0.2%21.5M184.8M-19.6M0.535.69138,62473,2154,535,2322,957,532
2014-05-12$15.07$15.0019.6%6.8%32.3%15.7%23.4%2.1%-0.0%34.7M-195.5M-20.2M0.534.43137,52872,2904,533,6322,956,793
2014-05-13$15.03$15.0019.1%6.8%31.7%12.8%24.2%2.0%0.1%38.5M-118.6M-20.2M0.414.62107,32043,9834,583,9082,984,281
2014-05-14$14.84$15.0018.5%6.7%30.2%8.7%23.6%1.1%0.6%30.5M115.9M-19.4M0.734.22109,85879,7024,617,4092,990,796
2014-05-15$14.55$15.0020.8%6.9%30.4%23.8%24.1%1.7%-0.5%11.5M350.7M-18.9M0.815.93235,125190,5814,629,0843,003,519
2014-05-16$14.51$15.0020.2%6.9%30.3%19.5%23.9%1.1%-0.3%14.7M391.5M-19.5M0.606.06166,10299,8074,729,5603,054,366
2014-05-19$14.67$15.0019.0%6.8%30.9%12.2%23.6%1.8%1.6%20.9M136.7M-19.6M0.274.52194,68652,3084,207,1952,742,670
2014-05-20$14.53$15.0018.9%6.7%30.2%11.1%23.9%1.7%1.1%19.1M255.0M-19.3M0.504.67110,22254,6854,287,5102,769,969
2014-05-21$14.61$15.0018.8%6.7%30.3%10.8%23.4%0.9%0.8%22.0M187.3M-19.7M0.335.8688,37428,8664,343,8212,792,014
2014-05-22$14.71$15.0017.8%6.7%30.6%4.2%23.7%1.8%2.1%27.1M135.4M-19.5M0.675.06104,45470,4564,376,0762,802,045
2014-05-23$14.72$15.0017.8%6.7%29.8%4.6%23.8%1.5%1.3%21.2M111.6M-19.8M0.545.4296,75152,1034,440,1232,851,144
2014-05-27$15.22$15.0019.1%6.8%22.8%12.9%23.6%1.4%0.2%37.7M-426.4M-21.5M0.244.63309,73474,6864,324,0732,826,674
2014-05-28$15.14$15.0019.3%6.8%21.8%13.9%24.0%0.9%0.3%38.4M-392.4M-21.2M0.714.63115,22482,3554,417,1562,855,506
2014-05-29$15.15$15.0019.2%6.8%21.7%13.1%23.8%0.9%0.3%36.7M-418.8M-22.0M0.594.7372,15942,3614,466,1552,887,338
2014-05-30$15.14$15.0018.7%6.8%21.7%10.1%23.2%0.9%0.2%34.8M-366.6M-21.9M0.494.5574,46836,8564,492,0372,911,490