BAC Options History — March 2015

In March 2015, BAC traded between $15.31 and $16.20. ATM implied volatility averaged 22.7%, placing in the 49.6% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 1.0% (HV 20d: 21.7%). Max pain ranged from $16.00 to $16.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.50.

Notable Days

  • 2015-03-06: Highest Volume — 591,779 contracts
  • 2015-03-12: Largest IV drop — 18.4% change
  • 2015-03-11: Highest IV Rank — 68.1%
  • 2015-03-11: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.84$15.31$16.20$16.00$15.40
Max Pain$16.00$16.00$16.00$16.00$16.00
ATM IV22.7%20.4%26.0%24.2%20.9%
Expected Move6.8%5.9%7.9%7.6%6.4%
HV 20d21.7%18.7%25.3%25.3%19.0%
HV 60d28.2%27.7%28.8%28.5%28.2%
IV Rank49.6%36.3%68.1%58.0%39.5%
IV Percentile65.1%40.1%92.5%79.8%49.6%
Term Structure0.3%-2.1%3.0%-1.7%0.0%
VWIV23.8%20.5%27.6%26.7%22.4%
Skew 25d2.0%1.2%2.6%1.5%2.4%
Skew 10d4.3%0.9%6.0%5.0%4.7%
Call IV 25d22.2%19.5%25.6%24.1%20.4%
Put IV 25d24.2%21.6%27.4%25.6%22.8%
Bid-Ask Spread %1.451.042.101.801.06
Gamma HHI0.180.150.200.190.20
Net GEX49.0M5.7M94.3M68.8M11.7M
Net DEX-148.2M-815.1M471.2M-276.6M364.7M
Net VEX-22.6M-24.0M-21.4M-23.1M-21.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.250.930.250.56
Total Volume260,359.091133,572591,779344,950151,199
Total OI7,391,263.5916,826,6267,793,4247,327,4907,267,357

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-03-02$16.00$16.0024.2%7.6%25.3%58.0%26.7%1.5%-1.7%68.8M-276.6M-23.1M0.251.80275,78769,1634,548,7492,778,741
2015-03-03$16.05$16.0023.4%7.2%24.6%53.4%25.8%2.1%-2.1%80.5M-396.4M-23.1M0.441.21194,82285,9304,638,6502,805,731
2015-03-04$15.85$16.0024.2%7.9%23.2%57.9%27.6%1.2%-0.9%63.3M-150.2M-22.9M0.461.14182,76984,1164,576,6382,850,241
2015-03-05$16.01$16.0025.2%7.4%23.3%63.8%25.7%1.8%-1.2%79.7M-475.5M-23.8M0.551.35199,395110,2134,672,9432,868,840
2015-03-06$16.20$16.0024.5%7.3%23.3%59.8%25.8%2.0%-0.8%92.3M-815.1M-24.0M0.431.40414,873176,9064,713,5252,916,206
2015-03-09$16.17$16.0023.8%7.3%20.3%56.0%25.5%1.9%1.6%94.3M-696.8M-24.0M0.431.78112,74348,2994,656,4312,875,577
2015-03-10$15.79$16.0025.0%7.6%21.8%62.4%26.7%2.4%2.1%61.6M-128.1M-23.0M0.461.49205,68994,9904,676,0352,886,899
2015-03-11$16.11$16.0026.0%7.9%23.1%68.1%27.4%2.1%1.2%91.5M-637.8M-23.6M0.521.34268,700139,2864,748,9462,926,074
2015-03-12$16.09$16.0021.2%6.6%23.0%41.1%23.1%2.4%2.2%79.8M-461.4M-22.8M0.351.77294,734102,3384,810,1062,983,318
2015-03-13$16.09$16.0022.7%6.9%21.5%49.3%24.0%2.0%1.8%56.2M-457.6M-22.9M0.451.72126,62857,6004,792,8512,994,512
2015-03-16$16.13$16.0023.0%6.7%21.5%51.2%23.5%2.6%0.1%60.7M-392.3M-22.6M0.611.82101,16162,0174,437,7532,933,989
2015-03-17$16.09$16.0022.9%6.7%21.5%50.9%23.7%2.6%-0.4%61.8M-351.0M-22.4M0.932.1069,21164,3614,468,4762,944,570
2015-03-18$15.98$16.0021.8%6.3%20.4%44.7%21.7%2.5%-0.3%58.5M-193.9M-22.1M0.392.10128,77550,2724,483,2082,964,291
2015-03-19$15.61$16.0022.4%6.3%21.9%48.0%22.6%1.6%3.0%11.3M285.0M-21.7M0.401.41190,59276,7694,528,9572,980,687
2015-03-20$15.84$16.0020.7%6.0%22.3%38.1%20.8%1.3%-0.5%25.9M5.1M-22.2M0.691.14118,16382,1224,579,7813,005,570
2015-03-23$15.72$16.0020.4%5.9%21.9%36.8%20.5%2.1%0.5%21.6M7.3M-22.0M0.381.26134,36251,1354,059,9532,766,673
2015-03-24$15.61$16.0020.4%6.0%21.1%36.3%21.1%2.5%1.9%16.3M173.1M-21.4M0.701.23151,764105,7574,089,3932,799,098
2015-03-25$15.41$16.0021.3%6.3%21.2%41.4%22.0%2.2%0.0%7.9M337.5M-21.7M0.691.20147,578102,1714,139,4522,862,243
2015-03-26$15.45$16.0022.4%6.7%19.0%48.0%23.3%1.7%-0.3%13.4M290.7M-22.2M0.661.20180,058118,5774,203,4332,914,235
2015-03-27$15.31$16.0021.9%6.5%18.7%44.8%22.5%1.8%0.1%5.7M471.2M-21.7M0.401.04158,35263,2014,261,9412,971,863
2015-03-30$15.52$16.0021.2%6.4%18.9%41.3%22.1%1.8%-0.5%15.9M237.9M-21.7M0.281.32137,36837,9544,234,2622,989,601
2015-03-31$15.40$16.0020.9%6.4%19.0%39.5%22.4%2.4%0.0%11.7M364.7M-21.5M0.561.0696,82354,3764,265,2423,002,115