BAC Options History — April 2019

In April 2019, BAC traded between $28.56 and $30.86. ATM implied volatility averaged 22.5%, placing in the 24.4% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 2.2% (HV 20d: 24.6%). Max pain ranged from $27.00 to $27.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.43.

Notable Days

2019-04-12: Highest Volume — 647,520 contracts
2019-04-16: Largest IV drop — 19.2% change
2019-04-11: Highest IV Rank — 39.3%
2019-04-11: Largest Expected Move — 7.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.65	$28.56	$30.86	$28.56	$30.53
Max Pain	$27.00	$27.00	$27.00	$27.00	$27.00
ATM IV	22.5%	18.6%	26.9%	23.9%	19.3%
Expected Move	6.4%	5.4%	7.5%	6.6%	5.6%
HV 20d	24.6%	16.6%	29.4%	27.4%	16.6%
HV 60d	22.7%	20.4%	25.7%	25.7%	20.5%
IV Rank	24.4%	11.6%	39.3%	29.2%	13.6%
IV Percentile	52.2%	21.0%	81.3%	66.7%	26.2%
Term Structure	-0.2%	-0.9%	0.6%	-0.5%	0.6%
VWIV	22.6%	19.2%	27.6%	22.8%	19.6%
Skew 25d	2.8%	1.9%	3.6%	2.8%	2.7%
Skew 10d	5.7%	3.6%	6.9%	6.0%	5.3%
Call IV 25d	21.3%	17.8%	25.2%	22.6%	18.0%
Put IV 25d	24.2%	20.4%	28.7%	25.4%	20.7%
Bid-Ask Spread %	2.28	1.88	2.74	2.42	2.38
Gamma HHI	0.16	0.10	0.66	0.10	0.12
Net GEX	167.0M	98.3M	614.9M	98.3M	142.3M
Net DEX	-2.32B	-3.16B	-1.32B	-1.32B	-2.76B
Net VEX	-21.4M	-22.2M	-20.4M	-21.5M	-20.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.43	0.30	0.73	0.33	0.35
Total Volume	284,498.333	93,251	647,520	407,594	305,662
Total OI	4,542,584.286	4,313,381	4,959,244	4,333,278	4,443,316

Daily Data (21 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
2019-04-01	$28.56	$27.00	23.9%	6.6%	27.4%	29.2%	22.8%	2.8%	-0.5%	98.3M	-1.32B	-21.5M	0.33	2.42	307,603	99,991	2,650,177	1,683,101
2019-04-02	$28.84	$27.00	23.7%	6.6%	27.5%	28.5%	22.8%	3.1%	-0.5%	113.5M	-1.55B	-21.5M	0.37	2.42	191,533	71,111	2,678,651	1,730,827
2019-04-03	$28.80	$27.00	24.4%	6.8%	27.3%	30.9%	24.6%	2.5%	-0.4%	131.4M	-1.60B	-21.7M	0.46	2.72	149,484	69,212	2,762,846	1,755,153
2019-04-04	$29.20	$27.00	24.7%	7.0%	27.3%	31.8%	23.7%	2.7%	-0.5%	159.8M	-2.08B	-22.2M	0.43	2.12	214,756	92,222	2,801,328	1,784,182
2019-04-05	$29.06	$27.00	24.0%	6.8%	27.4%	29.5%	24.4%	2.5%	-0.2%	129.8M	-1.87B	-22.0M	0.50	2.74	144,336	72,288	2,795,876	1,820,519
2019-04-08	$29.14	$27.00	24.7%	7.0%	27.0%	31.8%	24.1%	3.5%	-0.2%	126.1M	-1.87B	-21.7M	0.59	2.15	58,495	34,756	2,709,414	1,741,776
2019-04-09	$28.81	$27.00	25.6%	7.2%	27.3%	35.0%	26.6%	3.6%	-0.6%	109.2M	-1.54B	-21.7M	0.73	1.88	122,890	90,121	2,734,095	1,754,191
2019-04-10	$29.12	$27.00	26.0%	7.4%	27.2%	36.1%	26.7%	3.3%	-0.5%	129.7M	-1.88B	-22.2M	0.49	2.20	101,044	49,784	2,799,260	1,800,226
2019-04-11	$29.15	$27.00	26.9%	7.5%	27.1%	39.3%	25.7%	3.5%	-0.9%	134.5M	-1.96B	-22.1M	0.33	2.07	181,551	59,230	2,815,053	1,811,449
2019-04-12	$30.11	$27.00	25.5%	7.2%	29.4%	34.5%	26.3%	3.1%	-0.4%	167.4M	-3.16B	-22.2M	0.30	2.34	497,528	149,992	2,826,516	1,824,802
2019-04-15	$29.74	$27.00	26.5%	7.4%	29.3%	37.8%	27.6%	3.0%	-0.1%	145.5M	-2.55B	-21.9M	0.51	2.16	277,332	141,416	2,799,111	1,793,575
2019-04-16	$29.84	$27.00	21.4%	6.1%	29.2%	20.7%	21.7%	2.6%	-0.2%	179.9M	-2.65B	-21.5M	0.32	2.50	436,791	139,476	2,901,010	1,875,873
2019-04-17	$30.05	$27.00	20.6%	5.9%	27.3%	18.0%	21.2%	2.7%	-0.2%	218.5M	-2.97B	-21.2M	0.41	2.22	234,243	95,176	2,984,502	1,928,777
2019-04-18	$29.98	$27.00	19.5%	5.6%	26.2%	14.3%	19.5%	1.9%	0.1%	614.9M	-2.82B	-21.2M	0.37	2.31	202,652	75,173	2,996,042	1,963,202
2019-04-22	$30.07	$27.00	19.8%	5.7%	19.2%	15.3%	19.9%	2.8%	-0.1%	139.2M	-2.47B	-20.6M	0.67	2.41	80,887	54,408	2,583,137	1,730,244
2019-04-23	$30.11	$27.00	19.7%	5.7%	18.9%	15.0%	19.5%	2.7%	0.2%	140.4M	-2.51B	-20.5M	0.31	2.02	144,624	44,252	2,597,341	1,752,776
2019-04-24	$30.14	$27.00	19.0%	5.5%	18.9%	12.6%	19.6%	2.5%	0.3%	147.9M	-2.56B	-20.4M	0.62	2.15	103,352	63,588	2,635,583	1,770,373
2019-04-25	$30.23	$27.00	19.5%	5.6%	18.9%	14.3%	19.2%	2.5%	-0.4%	159.9M	-2.64B	-20.6M	0.42	2.29	118,467	49,372	2,674,227	1,810,323
2019-04-26	$30.32	$27.00	18.6%	5.4%	18.9%	11.6%	19.5%	2.9%	-0.2%	173.4M	-2.77B	-20.7M	0.30	2.27	154,783	46,297	2,703,837	1,827,241
2019-04-29	$30.86	$27.00	19.0%	5.6%	19.4%	12.7%	20.0%	2.7%	0.5%	145.8M	-3.15B	-20.6M	0.32	2.02	340,444	108,143	2,588,990	1,755,348
2019-04-30	$30.53	$27.00	19.3%	5.6%	16.6%	13.6%	19.6%	2.7%	0.6%	142.3M	-2.76B	-20.4M	0.35	2.38	225,687	79,975	2,651,884	1,791,432