BAC Options History — April 2015

In April 2015, BAC traded between $15.42 and $15.97. ATM implied volatility averaged 19.9%, placing in the 33.8% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 4.5% (HV 20d: 15.4%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.48.

Notable Days

  • 2015-04-29: Highest Volume — 429,860 contracts
  • 2015-04-15: Largest IV drop — 16.9% change
  • 2015-04-14: Highest IV Rank — 60.0%
  • 2015-04-14: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.66$15.42$15.97$15.42$15.92
Max Pain$15.95$15.00$16.00$16.00$16.00
ATM IV19.9%16.1%24.6%21.3%17.6%
Expected Move5.7%4.7%7.0%6.4%5.2%
HV 20d15.4%13.2%18.6%18.6%14.7%
HV 60d23.2%18.9%27.6%27.6%18.9%
IV Rank33.8%12.1%60.0%41.5%20.9%
IV Percentile38.9%4.4%86.9%54.0%13.1%
Term Structure-0.2%-1.2%1.4%-0.1%0.4%
VWIV20.3%16.7%24.9%22.6%18.7%
Skew 25d0.8%-1.1%2.1%1.8%1.1%
Skew 10d1.9%-0.6%5.3%5.3%2.9%
Call IV 25d19.9%16.2%25.1%21.1%17.4%
Put IV 25d20.7%16.4%24.7%22.9%18.5%
Bid-Ask Spread %1.310.962.051.181.03
Gamma HHI0.220.180.300.190.26
Net GEX35.7M14.6M82.1M14.6M74.2M
Net DEX-45.8M-512.3M334.2M334.2M-446.0M
Net VEX-22.2M-23.2M-21.5M-21.6M-22.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.200.920.910.34
Total Volume243,906.667131,538429,860264,695193,943
Total OI7,681,453.7147,332,8308,051,6747,332,8307,954,853

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-04-01$15.42$16.0021.3%6.4%18.6%41.5%22.6%1.8%-0.1%14.6M334.2M-21.6M0.911.18138,876125,8194,305,7423,027,088
2015-04-02$15.56$16.0021.5%6.1%18.5%43.0%21.9%1.8%-0.2%18.5M194.1M-22.2M0.331.20163,00153,7524,367,2493,110,533
2015-04-06$15.52$16.0022.1%6.2%17.8%46.0%22.0%1.6%-0.2%18.9M233.5M-22.1M0.361.18145,92353,2634,332,1143,056,808
2015-04-07$15.46$16.0022.2%6.5%17.9%46.8%22.5%2.1%0.8%18.0M246.3M-22.2M0.671.2189,28959,9094,397,1533,086,794
2015-04-08$15.61$16.0022.0%6.1%16.4%45.8%22.3%1.7%-0.9%25.9M70.9M-22.3M0.421.31153,23864,8494,426,8543,117,212
2015-04-09$15.72$16.0022.3%6.1%14.8%47.2%21.7%1.4%-1.1%30.7M-23.5M-23.1M0.331.21100,08333,4584,459,4113,138,039
2015-04-10$15.73$16.0021.7%6.2%14.8%44.1%22.4%1.6%0.1%29.0M-111.9M-22.6M0.461.1790,38341,1554,497,9343,142,755
2015-04-13$15.79$16.0023.9%6.8%14.9%56.1%24.5%0.0%-1.0%33.7M-198.0M-22.9M0.331.66240,05879,3744,456,0723,124,858
2015-04-14$15.79$16.0024.6%7.0%14.9%60.0%24.9%-0.4%-1.1%42.7M-323.7M-23.2M0.252.05286,78772,2264,568,0393,155,993
2015-04-15$15.63$15.0020.4%5.8%15.2%36.6%20.4%-1.1%-1.2%40.9M-30.7M-22.0M0.411.65228,50392,6734,681,8463,180,624
2015-04-16$15.84$16.0020.3%5.8%15.9%36.0%20.7%-0.6%-0.7%82.1M-339.4M-22.5M0.410.96256,961104,6694,732,7653,203,318
2015-04-17$15.55$16.0019.8%5.7%15.0%33.4%20.2%-0.2%-0.3%19.5M49.4M-22.2M0.551.40200,358109,4814,820,5183,231,156
2015-04-20$15.60$16.0018.0%5.2%14.1%23.2%17.9%1.0%-0.7%26.7M52.1M-21.7M0.361.22126,75845,7594,433,8113,026,672
2015-04-21$15.50$16.0017.1%4.9%14.0%17.6%17.4%1.0%-0.2%18.7M186.9M-21.5M0.531.13141,14075,2094,467,4433,052,712
2015-04-22$15.75$16.0018.4%5.3%15.0%25.1%18.4%0.3%-0.5%41.4M-174.0M-22.3M0.201.16339,89368,3404,518,5453,092,982
2015-04-23$15.70$16.0017.9%5.2%14.2%22.5%18.7%0.2%0.3%46.0M-172.3M-22.5M0.461.1193,51543,2174,684,4053,119,243
2015-04-24$15.65$16.0017.4%4.9%14.3%19.7%17.3%0.7%-0.3%37.4M-73.7M-21.9M0.921.8569,73264,3884,716,7703,140,047
2015-04-27$15.57$16.0017.2%4.8%14.0%18.6%16.9%1.0%-0.0%28.4M61.6M-21.7M0.901.0499,93690,1434,634,0343,131,595
2015-04-28$15.65$16.0016.1%4.7%13.2%12.1%16.7%0.1%1.4%32.3M15.4M-21.6M0.681.60152,528103,5914,658,7583,167,583
2015-04-29$15.97$16.0016.5%4.8%14.6%14.6%17.1%1.3%0.0%69.8M-512.3M-22.5M0.291.29333,25996,6014,692,4263,197,774
2015-04-30$15.92$16.0017.6%5.2%14.7%20.9%18.7%1.1%0.4%74.2M-446.0M-22.5M0.341.03145,20148,7424,747,2173,207,636