BAC Options History — February 2019

In February 2019, BAC traded between $28.18 and $29.54. ATM implied volatility averaged 21.2%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 2.9% (HV 20d: 24.1%). Max pain ranged from $26.00 to $29.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.55.

Notable Days

2019-02-27: Highest Volume — 501,164 contracts
2019-02-07: Largest IV spike — 15.1% change
2019-02-08: Highest IV Rank — 29.8%
2019-02-08: Largest Expected Move — 6.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.90	$28.18	$29.54	$28.35	$29.27
Max Pain	$26.79	$26.00	$29.00	$26.00	$29.00
ATM IV	21.2%	19.7%	24.1%	22.2%	20.2%
Expected Move	6.1%	5.5%	6.8%	6.6%	5.6%
HV 20d	24.1%	18.7%	30.9%	30.9%	18.7%
HV 60d	31.0%	30.1%	31.8%	31.6%	30.1%
IV Rank	20.3%	15.1%	29.8%	23.6%	16.7%
IV Percentile	40.5%	28.6%	66.7%	46.8%	32.5%
Term Structure	0.1%	-0.5%	0.9%	0.3%	-0.1%
VWIV	21.8%	19.6%	27.0%	22.3%	20.3%
Skew 25d	3.1%	2.3%	3.7%	2.9%	2.3%
Skew 10d	6.5%	5.0%	8.7%	6.4%	5.0%
Call IV 25d	20.1%	18.8%	22.3%	21.1%	19.4%
Put IV 25d	23.2%	21.4%	26.0%	24.0%	21.7%
Bid-Ask Spread %	2.74	2.09	3.47	2.23	2.69
Gamma HHI	0.12	0.09	0.14	0.12	0.14
Net GEX	90.3M	44.4M	128.1M	63.1M	107.3M
Net DEX	-1.83B	-2.40B	-1.31B	-1.42B	-1.76B
Net VEX	-21.6M	-22.0M	-21.3M	-21.3M	-21.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.55	0.11	1.12	0.63	0.58
Total Volume	224,581.053	80,106	501,164	389,013	182,449
Total OI	4,271,344.053	4,046,271	4,485,167	4,278,705	4,263,754

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2019-02-01	$28.35	$26.00	22.2%	6.6%	30.9%	23.6%	22.3%	2.9%	0.3%	63.1M	-1.42B	-21.3M	0.63	2.23	239,015	149,998	2,640,873	1,637,832
2019-02-04	$28.90	$26.00	21.0%	6.1%	28.7%	19.6%	21.8%	3.3%	0.1%	89.8M	-1.98B	-21.8M	0.28	2.94	184,836	52,492	2,535,059	1,592,704
2019-02-05	$28.76	$26.00	21.0%	6.1%	29.0%	19.4%	21.0%	3.5%	0.2%	85.1M	-1.85B	-21.9M	0.22	3.18	142,903	31,673	2,622,333	1,622,660
2019-02-06	$28.76	$26.00	20.7%	6.1%	28.7%	18.3%	21.4%	3.3%	0.3%	91.1M	-1.91B	-21.9M	0.45	3.29	55,391	24,715	2,700,166	1,634,547
2019-02-07	$28.18	$26.00	23.8%	6.7%	30.1%	28.7%	23.3%	3.7%	-0.5%	44.4M	-1.31B	-21.6M	0.31	2.55	259,794	79,356	2,720,799	1,648,153
2019-02-08	$28.19	$26.00	24.1%	6.8%	30.1%	29.8%	22.9%	3.6%	-0.5%	54.3M	-1.33B	-21.6M	0.59	3.25	108,800	64,157	2,821,763	1,663,404
2019-02-11	$28.39	$26.00	23.3%	6.7%	30.0%	27.1%	22.4%	3.6%	-0.4%	67.9M	-1.54B	-21.4M	0.54	2.21	58,887	31,556	2,654,945	1,616,318
2019-02-12	$28.68	$26.00	21.4%	6.1%	29.9%	21.0%	21.8%	3.4%	0.8%	88.5M	-1.79B	-21.6M	0.52	2.67	100,353	51,734	2,674,131	1,635,499
2019-02-13	$28.80	$26.00	20.9%	6.0%	29.8%	19.2%	22.8%	3.4%	-0.1%	100.0M	-1.86B	-21.6M	0.51	2.22	95,316	48,963	2,684,985	1,661,758
2019-02-14	$28.52	$26.00	21.1%	6.0%	19.4%	19.8%	22.3%	2.9%	0.9%	77.2M	-1.55B	-21.3M	0.48	3.47	159,590	76,826	2,704,396	1,673,165
2019-02-15	$29.12	$27.00	21.1%	6.0%	19.7%	19.9%	21.5%	2.7%	0.7%	95.2M	-2.40B	-21.5M	0.69	2.68	257,208	178,751	2,786,378	1,693,872
2019-02-19	$29.19	$27.00	21.2%	6.0%	19.3%	20.0%	20.9%	3.2%	0.1%	98.3M	-1.94B	-21.7M	1.12	2.83	85,134	95,132	2,512,443	1,533,828
2019-02-20	$29.43	$27.00	20.4%	5.8%	19.2%	17.5%	21.4%	3.1%	0.1%	110.6M	-2.17B	-22.0M	0.88	2.56	92,336	81,440	2,536,293	1,580,154
2019-02-21	$29.23	$27.50	21.0%	6.1%	19.4%	19.4%	21.4%	3.0%	-0.1%	97.0M	-1.92B	-21.7M	0.97	2.89	73,724	71,312	2,555,663	1,630,191
2019-02-22	$29.09	$27.50	20.6%	5.6%	19.3%	18.0%	20.3%	2.9%	0.2%	89.6M	-1.78B	-21.5M	0.43	3.27	133,911	56,944	2,589,215	1,649,182
2019-02-25	$29.32	$28.00	19.7%	5.5%	18.7%	15.1%	19.6%	2.5%	0.3%	111.6M	-2.00B	-21.5M	0.38	2.25	137,762	52,502	2,567,423	1,588,654
2019-02-26	$29.38	$28.00	20.0%	5.7%	18.7%	16.0%	19.9%	2.7%	0.0%	115.9M	-2.05B	-21.6M	0.70	2.09	147,793	103,123	2,606,158	1,614,337
2019-02-27	$29.54	$28.00	20.1%	5.8%	18.7%	16.5%	27.0%	2.5%	0.0%	128.1M	-2.15B	-22.0M	0.11	2.73	451,580	49,584	2,633,582	1,668,920
2019-02-28	$29.27	$29.00	20.2%	5.6%	18.7%	16.7%	20.3%	2.3%	-0.1%	107.3M	-1.76B	-21.8M	0.58	2.69	115,766	66,683	2,579,677	1,684,077