BAC Options History — September 2015

In September 2015, BAC traded between $15.34 and $16.35. ATM implied volatility averaged 30.6%, placing in the 60.4% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 4.3% (HV 20d: 34.9%). Max pain ranged from $16.00 to $17.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.72.

Notable Days

  • 2015-09-01: Highest Volume — 460,091 contracts
  • 2015-09-28: Largest IV spike — 17.6% change
  • 2015-09-01: Highest IV Rank — 92.9%
  • 2015-09-01: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.81$15.34$16.35$15.58$15.56
Max Pain$16.10$16.00$17.00$17.00$16.00
ATM IV30.6%27.0%39.6%39.6%31.3%
Expected Move9.0%7.8%12.8%12.8%9.4%
HV 20d34.9%28.2%39.2%34.3%28.2%
HV 60d28.1%26.7%29.4%26.8%29.4%
IV Rank60.4%47.3%92.9%92.9%62.9%
IV Percentile93.7%87.7%99.6%99.6%94.8%
Term Structure-0.0%-2.2%2.1%-0.8%-0.4%
VWIV31.7%25.9%45.0%45.0%32.8%
Skew 25d6.3%4.5%9.3%9.3%6.1%
Skew 10d14.6%9.1%23.9%18.0%15.3%
Call IV 25d28.3%24.3%35.3%35.3%29.1%
Put IV 25d34.5%29.8%44.6%44.6%35.1%
Bid-Ask Spread %1.611.212.241.631.56
Gamma HHI0.150.130.200.140.17
Net GEX19.9M-19.9M50.7M19.7M18.1M
Net DEX316.2M-233.5M756.9M461.8M484.6M
Net VEX-19.4M-20.7M-17.9M-20.4M-18.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.331.050.610.33
Total Volume255,979.762106,997460,091460,091170,209
Total OI7,724,724.6197,489,3247,962,3817,530,3467,676,753

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-09-01$15.58$17.0039.6%12.8%34.3%92.9%45.0%9.3%-0.8%19.7M461.8M-20.4M0.611.63285,610174,4814,578,6612,951,685
2015-09-02$15.83$17.0033.8%9.4%35.0%71.8%33.2%8.3%-0.0%22.2M322.8M-20.7M0.851.38168,547144,1144,631,2013,021,928
2015-09-03$15.95$16.0030.2%8.9%35.3%58.9%29.7%7.3%-0.8%27.6M177.2M-20.5M0.661.58196,845129,7194,673,3413,048,004
2015-09-04$15.70$16.0034.8%9.6%35.5%75.3%35.1%8.7%-0.7%16.4M425.6M-20.4M0.681.53213,526144,8354,698,1713,091,671
2015-09-08$16.16$16.0030.3%9.0%36.9%59.4%30.9%6.8%0.5%30.7M-15.7M-20.6M0.622.24118,44373,9804,634,4073,057,946
2015-09-09$15.86$16.0029.6%9.0%37.1%56.9%31.8%6.7%2.1%24.1M268.6M-20.1M0.841.48128,671107,6784,670,6853,082,166
2015-09-10$16.03$16.0030.0%8.9%37.3%58.3%31.5%6.9%1.1%29.4M123.3M-20.2M0.571.44112,99064,0244,695,1113,111,595
2015-09-11$15.99$16.0030.3%8.9%37.0%59.1%31.6%6.4%1.1%50.7M190.4M-19.7M0.731.53127,32993,0184,727,0383,116,956
2015-09-14$15.96$16.0030.6%8.9%36.9%60.3%31.9%5.7%-0.2%23.2M176.3M-19.8M1.021.6752,84254,1554,676,4503,081,540
2015-09-15$16.31$16.0029.5%8.6%37.9%56.4%29.2%6.1%-2.2%38.4M-203.7M-20.1M0.481.67136,09165,1214,691,5693,091,761
2015-09-16$16.35$16.0028.4%8.1%38.0%52.4%28.3%5.2%-0.6%43.6M-233.5M-20.0M0.701.97161,180113,3264,740,0333,118,751
2015-09-17$15.83$16.0027.7%8.0%39.2%49.9%28.2%4.5%-0.6%10.7M421.9M-18.6M0.541.95268,662144,7744,803,9103,136,860
2015-09-18$15.53$16.0028.5%8.1%37.3%52.9%29.8%5.5%1.0%-19.9M756.9M-17.9M0.901.48191,508171,6734,825,4583,136,923
2015-09-21$15.72$16.0027.0%7.8%35.5%47.3%25.9%5.4%0.4%5.5M468.4M-18.0M0.621.38178,705111,3924,501,9972,987,327
2015-09-22$15.51$16.0028.6%8.3%32.3%52.9%28.5%5.3%0.1%4.1M629.6M-18.0M0.911.7965,70959,6244,584,8093,031,548
2015-09-23$15.75$16.0028.6%8.6%32.8%52.9%29.4%5.5%0.6%15.8M357.3M-18.7M0.711.7693,29666,6914,627,0523,052,842
2015-09-24$15.55$16.0030.3%8.8%31.1%59.2%32.1%5.0%0.0%1.1M516.6M-18.6M0.941.40125,313118,0064,641,3273,065,861
2015-09-25$15.91$16.0027.7%8.1%31.1%50.0%28.8%5.2%0.3%26.7M147.5M-18.9M0.381.21218,90582,4454,677,1883,085,396
2015-09-28$15.51$16.0032.6%10.0%32.3%67.6%34.6%5.9%-0.7%16.9M527.2M-18.6M1.051.78125,566132,1854,558,6463,003,416
2015-09-29$15.34$16.0033.5%10.1%32.4%70.8%36.8%6.2%-0.7%13.7M637.9M-18.4M0.881.4198,06286,3254,596,6453,034,589
2015-09-30$15.56$16.0031.3%9.4%28.2%62.9%32.8%6.1%-0.4%18.1M484.6M-18.9M0.331.56127,75142,4584,625,3413,051,412