BAC Options History — July 2015

In July 2015, BAC traded between $16.29 and $18.43. ATM implied volatility averaged 20.4%, placing in the 36.7% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 2.5% (HV 20d: 22.9%). Max pain ranged from $16.00 to $17.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.47.

Notable Days

  • 2015-07-15: Highest Volume — 769,022 contracts
  • 2015-07-27: Largest IV spike — 16.8% change
  • 2015-07-08: Highest IV Rank — 70.7%
  • 2015-07-08: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.53$16.29$18.43$17.21$17.88
Max Pain$16.59$16.00$17.00$17.00$17.00
ATM IV20.4%16.3%26.5%23.0%17.9%
Expected Move5.8%4.7%7.5%7.2%5.0%
HV 20d22.9%18.0%26.3%19.9%24.8%
HV 60d18.8%16.8%20.0%16.8%19.9%
IV Rank36.7%13.4%70.7%51.4%22.7%
IV Percentile48.6%7.5%95.2%77.4%27.4%
Term Structure-0.1%-2.1%1.4%-1.8%0.6%
VWIV20.7%16.5%25.8%24.8%17.5%
Skew 25d2.5%1.5%3.8%1.7%2.9%
Skew 10d5.1%2.6%7.2%2.6%3.5%
Call IV 25d19.5%15.6%25.6%21.9%16.6%
Put IV 25d21.9%17.3%29.4%23.7%19.5%
Bid-Ask Spread %1.391.092.281.371.09
Gamma HHI0.210.180.310.180.19
Net GEX97.8M38.4M161.0M76.1M105.1M
Net DEX-2.04B-3.29B-410.7M-1.63B-2.17B
Net VEX-22.7M-23.8M-22.0M-23.8M-22.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.280.700.630.46
Total Volume340,957.409178,803769,022178,803213,433
Total OI7,519,306.0457,296,1177,801,1847,380,1967,657,760

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-07-01$17.21$17.0023.0%7.2%19.9%51.4%24.8%1.7%-1.8%76.1M-1.63B-23.8M0.631.37109,96768,8364,410,7642,969,432
2015-07-02$17.02$17.0022.8%7.2%19.9%50.2%24.8%2.8%-0.2%70.2M-1.36B-23.2M0.521.19187,21898,1934,427,0992,987,825
2015-07-06$16.95$16.0023.8%6.7%18.0%55.5%23.4%2.5%-0.2%60.7M-1.24B-23.3M0.331.49160,00753,3784,380,0592,933,326
2015-07-07$16.70$16.0024.9%6.6%18.6%62.1%23.5%2.5%-2.1%52.8M-914.0M-23.0M0.631.84252,119158,6534,461,5772,952,798
2015-07-08$16.29$16.0026.5%7.5%19.7%70.7%25.6%3.8%-0.2%38.4M-410.7M-22.5M0.701.36151,403106,2804,509,4302,965,706
2015-07-09$16.52$16.0026.4%7.1%19.4%70.5%25.8%3.2%-0.5%48.1M-728.5M-23.0M0.451.78171,37376,4274,554,0932,990,318
2015-07-10$16.72$16.0024.6%6.6%20.1%60.1%24.1%2.4%-0.1%60.7M-1.05B-23.1M0.421.52177,54273,7884,617,9233,020,725
2015-07-13$17.05$16.0022.5%6.3%21.6%48.6%23.8%2.7%-1.1%81.7M-1.51B-22.8M0.371.52178,19965,7704,519,8682,963,858
2015-07-14$17.08$16.0021.7%6.2%21.6%43.8%22.0%2.7%0.4%91.6M-1.63B-22.9M0.472.28188,99189,6654,581,9572,982,373
2015-07-15$17.69$16.0019.1%5.0%25.1%29.5%18.8%2.5%-2.0%122.7M-2.61B-22.7M0.281.46601,128167,8944,626,2303,009,366
2015-07-16$17.95$16.0016.3%4.7%25.2%13.4%17.4%2.1%-0.1%161.0M-3.00B-22.3M0.461.25417,281192,5654,708,0093,038,138
2015-07-17$18.11$17.0016.8%4.8%25.3%16.4%18.2%2.6%0.0%121.0M-3.28B-22.5M0.381.10343,051128,8244,725,5773,075,607
2015-07-20$18.12$17.0016.4%4.7%24.9%14.2%17.3%1.5%1.1%126.1M-2.86B-22.3M0.541.29205,835111,7814,482,1192,813,998
2015-07-21$18.09$17.0016.8%4.8%24.2%16.5%16.8%1.9%0.7%125.4M-2.76B-22.7M0.301.24356,169107,0184,516,3582,852,555
2015-07-22$18.43$17.0016.7%4.8%24.8%15.9%17.3%2.1%0.1%139.3M-3.29B-22.4M0.291.24418,524121,2524,588,2382,876,345
2015-07-23$18.15$17.0017.0%4.9%25.2%17.6%16.5%1.7%0.8%129.4M-2.78B-22.4M0.471.26256,105120,7804,600,1782,931,135
2015-07-24$17.93$17.0018.1%5.2%25.5%23.6%18.5%2.6%0.3%106.2M-2.32B-22.5M0.531.21224,806120,0234,635,4772,943,222
2015-07-27$17.64$17.0021.2%6.0%26.3%40.9%21.2%3.1%0.1%90.4M-1.90B-22.6M0.651.15182,801118,9904,527,8952,888,664
2015-07-28$17.88$17.0019.5%5.5%24.2%31.7%20.4%2.6%1.4%105.6M-2.28B-22.5M0.471.34134,19563,6504,577,3812,933,238
2015-07-29$18.18$17.0018.4%5.3%24.6%25.4%19.4%2.8%1.1%121.8M-2.69B-22.6M0.421.26234,95198,2024,612,7362,957,359
2015-07-30$18.11$17.0018.7%5.1%24.6%27.1%17.8%2.0%0.1%118.0M-2.56B-22.4M0.481.28130,65163,3454,622,3472,995,670
2015-07-31$17.88$17.0017.9%5.0%24.8%22.7%17.5%2.9%0.6%105.1M-2.17B-22.0M0.461.09146,42567,0084,644,8343,012,926