BAC Options History — November 2014

In November 2014, BAC traded between $16.98 and $17.35. ATM implied volatility averaged 16.5%, placing in the 6.5% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 0.9% (HV 20d: 15.6%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.53.

Notable Days

  • 2014-11-03: Highest Volume — 280,525 contracts
  • 2014-11-12: Largest IV drop — 5.9% change
  • 2014-11-03: Highest IV Rank — 19.5%
  • 2014-11-04: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.19$16.98$17.35$17.24$17.04
Max Pain$15.32$15.00$16.00$15.00$16.00
ATM IV16.5%13.9%19.0%19.0%14.4%
Expected Move5.9%5.4%6.3%6.3%5.5%
HV 20d15.6%7.1%27.9%27.9%7.3%
HV 60d20.6%19.5%21.7%21.6%19.5%
IV Rank6.5%0.0%19.5%19.5%2.5%
IV Percentile4.3%0.0%19.4%19.4%1.2%
Term Structure0.5%-0.5%1.2%1.0%0.9%
VWIV20.7%18.7%23.2%23.2%19.8%
Skew 25d1.9%0.8%2.8%2.8%1.0%
Skew 10d4.1%1.6%5.9%4.1%1.6%
Call IV 25d16.3%13.7%18.1%17.7%14.1%
Put IV 25d18.1%14.7%20.5%20.5%15.1%
Bid-Ask Spread %3.351.796.813.035.51
Gamma HHI0.280.230.430.270.25
Net GEX107.0M75.0M121.3M101.7M75.0M
Net DEX-2.11B-2.55B-1.61B-2.21B-1.61B
Net VEX-24.3M-26.0M-22.3M-25.6M-22.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.281.350.380.28
Total Volume178,858.15859,351280,525280,52559,351
Total OI9,394,990.9478,677,1929,651,4929,401,2028,867,233

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-11-03$17.24$15.0019.0%6.3%27.9%19.5%23.2%2.8%1.0%101.7M-2.21B-25.6M0.383.03203,82876,6975,440,4543,960,748
2014-11-04$17.20$15.0019.0%6.3%26.5%19.4%22.4%2.3%-0.5%105.5M-2.18B-25.8M0.471.79126,18559,6015,491,0433,956,908
2014-11-05$17.34$15.0018.6%6.3%26.2%16.7%22.1%2.4%0.4%118.6M-2.47B-26.0M0.682.40124,95084,5495,530,6753,975,533
2014-11-06$17.34$15.0018.2%6.3%23.7%14.4%21.4%1.9%0.3%121.3M-2.51B-25.9M0.543.08148,96380,6165,543,6094,006,558
2014-11-07$17.34$15.0017.8%6.3%23.7%11.6%21.8%2.1%0.4%111.9M-2.55B-25.7M0.642.43140,82489,4205,559,3204,020,718
2014-11-10$17.35$15.0017.3%6.1%22.8%8.5%21.0%2.4%1.1%117.2M-2.47B-25.1M0.662.4484,76456,2305,494,9494,000,491
2014-11-11$17.33$15.0017.2%6.0%22.7%8.3%20.7%2.1%1.2%119.7M-2.46B-24.5M0.452.62111,26549,9855,492,2433,993,633
2014-11-12$17.28$15.0016.2%5.9%12.9%1.9%20.9%2.0%0.9%120.7M-2.36B-24.5M0.472.76168,02978,4675,533,3914,034,110
2014-11-13$17.22$15.0017.1%5.9%11.9%7.8%20.9%1.8%0.2%115.1M-2.26B-24.4M0.623.7683,82352,2315,559,7634,066,888
2014-11-14$17.14$15.0016.5%5.9%12.1%3.8%20.7%1.0%-0.2%105.7M-2.10B-24.7M0.494.7685,51242,1715,571,0834,080,409
2014-11-17$17.07$15.0016.7%6.0%12.4%4.8%21.6%2.2%0.1%101.2M-1.94B-24.2M0.413.01109,67145,1295,504,2544,068,157
2014-11-18$17.16$15.0016.4%5.9%10.8%3.4%21.0%2.2%0.5%109.0M-2.08B-24.0M0.522.82103,83153,5725,522,3984,075,856
2014-11-19$17.06$15.0016.1%5.9%10.2%1.4%18.7%2.8%0.1%113.3M-1.90B-23.9M0.376.81103,53337,9955,542,2164,079,707
2014-11-20$16.98$16.0015.9%6.0%10.0%0.0%20.6%2.1%0.3%120.7M-1.64B-23.5M0.402.35156,30262,2085,530,0174,076,911
2014-11-21$17.11$16.0015.0%5.6%10.0%0.0%19.1%0.9%0.8%117.7M-2.02B-23.0M0.462.46161,43074,7185,549,3484,088,263
2014-11-24$17.18$16.0014.2%5.4%9.3%0.0%19.1%2.0%0.3%89.6M-1.84B-23.2M0.375.27157,63259,0185,057,6353,619,557
2014-11-25$17.12$16.0014.0%5.6%8.4%0.0%19.6%0.8%1.1%85.6M-1.74B-22.3M1.353.0378,028105,2795,120,2753,649,580
2014-11-26$17.11$16.0013.9%5.5%7.1%0.0%19.4%0.9%0.9%83.0M-1.72B-23.4M0.583.3352,33230,1665,144,0433,696,852
2014-11-28$17.04$16.0014.4%5.5%7.3%2.5%19.8%1.0%0.9%75.0M-1.61B-22.8M0.285.5146,20113,1505,151,0773,716,156