BAC Options History — September 2020

In September 2020, BAC traded between $23.37 and $26.63. ATM implied volatility averaged 39.3%, placing in the 20.0% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 8.9% (HV 20d: 30.4%). Max pain ranged from $25.00 to $26.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.64.

Notable Days

  • 2020-09-03: Highest Volume — 764,914 contracts
  • 2020-09-03: Largest IV spike — 10.7% change
  • 2020-09-08: Highest IV Rank — 23.9%
  • 2020-09-08: Largest Expected Move — 13.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.94$23.37$26.63$25.66$24.07
Max Pain$25.19$25.00$26.00$25.00$25.00
ATM IV39.3%36.9%43.8%37.2%38.4%
Expected Move11.5%10.0%13.1%10.0%11.1%
HV 20d30.4%24.0%33.9%24.0%33.9%
HV 60d33.9%30.9%41.3%41.1%30.9%
IV Rank20.0%17.9%23.9%18.1%19.2%
IV Percentile58.7%54.4%63.5%57.9%55.2%
Term Structure0.7%-1.4%4.7%0.1%4.7%
VWIV40.5%34.4%46.2%34.4%38.7%
Skew 25d3.5%1.7%4.6%2.3%3.4%
Skew 10d8.2%3.9%10.7%5.4%7.8%
Call IV 25d38.6%35.3%42.7%37.2%37.8%
Put IV 25d42.2%39.1%47.0%39.6%41.2%
Bid-Ask Spread %2.861.8811.021.882.43
Gamma HHI0.080.060.130.080.06
Net GEX22.5M-12.2M78.9M35.2M11.8M
Net DEX140.8M-1.12B1.00B-297.3M515.7M
Net VEX-19.3M-21.3M-17.4M-19.8M-18.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.261.180.480.37
Total Volume330,420.857167,558764,914299,404181,830
Total OI4,897,040.6194,306,1625,336,5824,907,8674,618,620

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-09-01$25.66$25.0037.2%10.0%24.0%18.1%34.4%2.3%0.1%35.2M-297.3M-19.8M0.481.88202,64096,7642,697,0772,210,790
2020-09-02$26.10$25.0039.0%10.6%24.0%19.7%36.9%1.7%0.4%66.9M-691.6M-20.3M0.282.43336,73193,7042,766,4312,245,857
2020-09-03$25.59$26.0043.2%13.0%25.1%23.4%44.5%4.0%-0.5%36.1M-189.9M-20.9M0.442.69530,683234,2312,760,9582,285,985
2020-09-04$26.63$26.0041.0%12.3%27.5%21.4%43.6%4.2%0.1%78.9M-1.12B-21.3M0.4611.02433,507200,4092,805,2642,327,208
2020-09-08$25.59$26.0043.8%13.1%30.3%23.9%46.2%4.4%1.8%27.5M-131.8M-20.2M0.712.79264,309188,2532,676,1432,258,580
2020-09-09$25.59$26.0039.2%11.9%29.8%19.9%42.1%2.7%2.1%38.9M-154.7M-20.1M0.452.40198,81289,6582,778,9372,295,782
2020-09-10$25.23$25.0039.8%12.0%30.1%20.4%41.6%4.6%2.5%23.5M106.5M-20.0M1.162.33171,496198,7932,866,3702,332,518
2020-09-11$25.51$25.0036.9%11.0%30.2%17.9%38.8%3.8%2.2%36.2M-99.1M-20.1M0.842.10175,235146,4002,891,3162,388,890
2020-09-14$25.80$25.0037.7%11.0%30.5%18.5%39.3%4.3%-0.7%37.9M-278.9M-20.0M0.812.39140,973113,8832,781,9872,332,836
2020-09-15$25.30$25.0037.7%10.9%30.5%18.5%38.5%2.9%-1.4%27.4M62.8M-19.6M0.652.91158,873102,7372,817,2362,348,017
2020-09-16$25.71$25.0037.7%10.8%30.6%18.5%39.0%3.6%-0.0%40.5M-251.3M-19.9M0.882.94200,348176,1982,857,6552,384,769
2020-09-17$25.30$25.0039.3%11.3%31.2%19.9%40.3%4.3%-0.9%6.3M72.3M-19.6M1.182.6595,860113,5582,892,7192,424,792
2020-09-18$25.35$25.0038.4%11.1%30.8%19.2%38.3%4.2%-1.4%14.5M-10.5M-19.5M0.562.70171,28195,2692,903,1872,433,395
2020-09-21$24.37$25.0040.1%11.8%33.9%20.6%41.8%3.9%-0.6%1.1M520.5M-18.4M0.552.39200,333110,5252,352,0801,954,082
2020-09-22$23.88$25.0039.6%11.6%32.9%20.2%41.4%3.7%-0.7%705.7K750.2M-17.8M0.872.33163,344142,2662,412,0951,975,032
2020-09-23$23.37$25.0040.6%11.8%32.6%21.1%42.1%3.5%-0.4%-6.7M1.00B-17.4M0.642.39132,37884,5462,475,6042,034,451
2020-09-24$23.38$25.0040.3%11.5%32.4%20.8%41.7%3.3%0.3%-5.3M978.8M-17.4M0.662.57196,688130,5812,511,8402,035,692
2020-09-25$23.41$25.0038.9%11.3%31.2%19.6%40.3%2.6%-0.1%-12.2M997.1M-17.6M0.612.28115,40970,1982,555,3012,080,898
2020-09-28$24.13$25.0037.9%11.4%33.6%18.7%39.8%3.8%4.0%7.9M513.6M-18.4M0.262.29248,90163,6762,477,8522,028,899
2020-09-29$23.80$25.0039.0%11.6%33.5%19.7%40.9%3.3%3.8%5.1M662.3M-18.1M0.602.16104,59362,9652,520,6092,040,099
2020-09-30$24.07$25.0038.4%11.1%33.9%19.2%38.7%3.4%4.7%11.8M515.7M-18.3M0.372.43132,96748,8632,558,7192,059,901