BAC Options History — April 2022

In April 2022, BAC traded between $35.71 and $40.75. ATM implied volatility averaged 34.8%, placing in the 49.8% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 7.4% (HV 20d: 27.4%). Max pain ranged from $41.00 to $42.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.58.

Notable Days

2022-04-18: Highest Volume — 502,068 contracts
2022-04-29: Largest IV spike — 10.8% change
2022-04-12: Highest IV Rank — 65.0%
2022-04-29: Largest Expected Move — 11.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.66	$35.71	$40.75	$40.62	$35.71
Max Pain	$41.90	$41.00	$42.00	$42.00	$41.00
ATM IV	34.8%	29.2%	38.8%	33.7%	38.2%
Expected Move	9.9%	8.4%	11.4%	9.6%	11.4%
HV 20d	27.4%	23.1%	41.5%	41.5%	25.3%
HV 60d	35.3%	34.6%	35.9%	35.9%	35.4%
IV Rank	49.8%	28.7%	65.0%	45.9%	62.5%
IV Percentile	90.9%	72.6%	96.4%	93.3%	94.8%
Term Structure	-0.4%	-1.0%	0.1%	-0.1%	-0.8%
VWIV	34.3%	29.4%	39.3%	34.2%	39.3%
Skew 25d	6.7%	4.5%	9.6%	6.0%	9.6%
Skew 10d	14.3%	8.3%	19.1%	11.8%	18.8%
Call IV 25d	32.6%	27.5%	36.0%	32.2%	35.1%
Put IV 25d	39.3%	32.5%	44.7%	38.2%	44.7%
Bid-Ask Spread %	2.50	2.16	3.95	2.70	2.16
Gamma HHI	0.07	0.06	0.10	0.06	0.09
Net GEX	-9.4M	-40.1M	36.1M	-3.7M	-37.7M
Net DEX	1.14B	340.2M	2.23B	482.3M	2.23B
Net VEX	-22.8M	-24.0M	-20.6M	-23.9M	-20.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.58	0.36	0.87	0.87	0.60
Total Volume	274,496.15	139,328	502,068	346,231	196,382
Total OI	3,650,020.8	3,447,051	3,843,639	3,545,701	3,734,781

Daily Data (20 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
2022-04-01	$40.62	$42.00	33.7%	9.6%	41.5%	45.9%	34.2%	6.0%	-0.1%	-3.7M	482.3M	-23.9M	0.87	2.70	185,025	161,206	1,948,574	1,597,127
2022-04-04	$40.75	$42.00	32.7%	9.1%	35.5%	41.9%	32.0%	5.2%	-0.2%	5.9M	340.2M	-23.8M	0.47	2.77	162,901	76,536	1,856,601	1,590,450
2022-04-05	$40.08	$42.00	35.1%	9.8%	36.0%	51.0%	33.3%	6.0%	-0.4%	119.3K	685.8M	-23.5M	0.56	2.35	172,208	95,953	1,907,636	1,609,229
2022-04-06	$39.74	$42.00	35.2%	9.7%	27.5%	51.4%	33.9%	6.6%	-0.6%	-5.5M	905.9M	-23.4M	0.47	2.70	187,409	87,676	1,956,365	1,654,484
2022-04-07	$39.57	$42.00	35.3%	9.8%	26.7%	51.6%	34.5%	6.3%	-0.5%	-1.8M	895.4M	-23.3M	0.77	2.66	179,613	137,424	1,996,536	1,667,293
2022-04-08	$39.73	$42.00	35.7%	9.8%	26.7%	53.3%	34.2%	5.9%	-1.0%	9.1M	770.1M	-23.7M	0.51	2.21	196,829	100,885	2,042,564	1,706,796
2022-04-11	$39.63	$42.00	37.7%	10.4%	25.7%	60.9%	38.0%	6.7%	-0.9%	2.4M	705.0M	-23.7M	0.51	3.95	161,082	82,699	1,966,127	1,675,338
2022-04-12	$39.00	$42.00	38.8%	10.8%	25.8%	65.0%	38.2%	6.5%	-0.9%	-11.0M	1.06B	-23.3M	0.50	2.39	165,476	83,068	1,998,072	1,710,897
2022-04-13	$38.90	$42.00	35.6%	10.0%	23.1%	52.9%	34.7%	6.6%	-0.6%	-19.9M	1.21B	-22.7M	0.57	2.54	179,921	103,303	2,027,926	1,751,441
2022-04-14	$37.81	$42.00	34.5%	9.8%	24.2%	48.9%	33.7%	5.9%	-0.5%	-40.1M	1.78B	-21.6M	0.62	2.30	247,104	153,622	2,053,731	1,789,908
2022-04-18	$38.80	$42.00	31.8%	9.1%	26.7%	38.7%	31.5%	5.0%	-0.1%	-8.7M	967.2M	-22.5M	0.40	2.24	358,314	143,754	1,819,142	1,645,073
2022-04-19	$39.62	$42.00	29.8%	8.6%	28.2%	31.1%	29.9%	4.5%	-0.3%	26.0M	468.7M	-23.8M	0.36	2.27	209,198	75,433	1,918,528	1,688,990
2022-04-20	$39.76	$42.00	29.2%	8.4%	24.3%	28.7%	29.4%	5.0%	0.1%	36.1M	367.3M	-24.0M	0.36	2.51	215,416	77,413	1,957,270	1,706,395
2022-04-21	$38.77	$42.00	31.5%	9.0%	24.7%	37.4%	31.2%	6.0%	0.1%	-6.8M	1.04B	-23.4M	0.59	2.51	171,658	100,696	1,979,912	1,736,159
2022-04-22	$37.75	$42.00	34.2%	9.9%	25.8%	47.5%	34.0%	6.7%	-0.7%	-19.2M	1.54B	-22.7M	0.79	2.43	122,935	97,070	1,998,852	1,762,379
2022-04-25	$37.28	$42.00	35.7%	10.1%	24.6%	53.4%	36.3%	8.4%	0.1%	-22.2M	1.65B	-22.0M	0.72	2.49	191,063	137,458	1,836,170	1,686,220
2022-04-26	$36.56	$42.00	38.3%	11.3%	24.9%	63.1%	37.6%	9.2%	-0.5%	-27.6M	1.86B	-21.7M	0.78	2.34	98,418	76,631	1,870,756	1,749,322
2022-04-27	$36.32	$42.00	38.3%	10.8%	24.7%	62.9%	35.9%	9.2%	-0.3%	-33.9M	2.06B	-21.2M	0.42	2.18	98,316	41,012	1,894,611	1,781,778
2022-04-28	$36.77	$41.00	34.5%	9.9%	25.8%	48.6%	33.6%	8.4%	-0.4%	-29.0M	1.85B	-21.4M	0.65	2.31	96,025	62,791	1,935,547	1,791,436
2022-04-29	$35.71	$41.00	38.2%	11.4%	25.3%	62.5%	39.3%	9.6%	-0.8%	-37.7M	2.23B	-20.6M	0.60	2.16	122,485	73,897	1,939,942	1,794,839