BAC Options History — May 2022

In May 2022, BAC traded between $33.63 and $38.59. ATM implied volatility averaged 37.0%, placing in the 58.1% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 0.3% (HV 20d: 36.7%). Max pain ranged from $40.00 to $41.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.74.

Notable Days

2022-05-23: Highest Volume — 358,086 contracts
2022-05-05: Largest IV spike — 18.5% change
2022-05-12: Highest IV Rank — 74.9%
2022-05-12: Largest Expected Move — 11.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.01	$33.63	$38.59	$36.02	$37.38
Max Pain	$40.26	$40.00	$41.00	$41.00	$40.00
ATM IV	37.0%	31.1%	41.5%	39.0%	32.4%
Expected Move	10.8%	9.0%	11.9%	11.6%	9.3%
HV 20d	36.7%	25.4%	43.9%	25.4%	42.6%
HV 60d	37.0%	34.8%	38.9%	35.5%	37.1%
IV Rank	58.1%	35.9%	74.9%	65.6%	40.8%
IV Percentile	90.0%	71.4%	98.0%	96.4%	77.8%
Term Structure	-0.2%	-1.0%	0.8%	-0.6%	-0.3%
VWIV	37.5%	32.8%	42.3%	40.6%	32.8%
Skew 25d	7.9%	6.1%	9.7%	9.7%	6.6%
Skew 10d	15.4%	11.7%	18.1%	18.1%	13.4%
Call IV 25d	34.1%	28.7%	38.2%	34.7%	29.4%
Put IV 25d	42.0%	34.8%	47.1%	44.5%	36.0%
Bid-Ask Spread %	2.71	2.08	4.39	2.46	2.27
Gamma HHI	0.09	0.06	0.13	0.09	0.08
Net GEX	-25.4M	-52.7M	7.6M	-30.6M	-5.2M
Net DEX	1.92B	856.5M	3.17B	2.03B	1.01B
Net VEX	-21.1M	-23.3M	-18.5M	-20.9M	-22.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.40	1.27	0.69	0.71
Total Volume	228,086.048	172,183	358,086	183,371	196,835
Total OI	3,812,509.619	3,537,770	4,091,868	3,633,523	3,617,283

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
2022-05-02	$36.02	$41.00	39.0%	11.6%	25.4%	65.6%	40.6%	9.7%	-0.6%	-30.6M	2.03B	-20.9M	0.69	2.46	108,672	74,699	1,873,932	1,759,591
2022-05-03	$37.10	$41.00	36.6%	11.0%	28.3%	56.8%	38.0%	8.3%	-0.3%	-17.0M	1.56B	-22.2M	0.55	2.40	154,570	84,643	1,902,400	1,789,142
2022-05-04	$38.59	$40.50	32.4%	9.7%	31.9%	40.8%	34.2%	6.9%	-0.3%	3.2M	856.5M	-23.3M	0.40	2.77	182,276	73,625	1,919,862	1,813,299
2022-05-05	$37.34	$41.00	38.4%	10.8%	33.7%	63.3%	36.8%	8.3%	-0.8%	-13.6M	1.51B	-22.8M	0.65	2.69	143,132	93,459	1,959,874	1,835,545
2022-05-06	$37.46	$41.00	37.9%	10.8%	33.8%	61.4%	37.3%	8.2%	-0.6%	-16.8M	1.46B	-22.7M	0.69	4.39	134,732	92,516	1,978,017	1,852,095
2022-05-09	$36.33	$41.00	41.1%	11.8%	35.0%	73.5%	37.7%	9.1%	0.1%	-27.0M	1.95B	-21.4M	0.89	2.50	134,152	118,972	1,938,990	1,820,836
2022-05-10	$35.55	$40.00	40.5%	11.6%	35.6%	71.2%	42.3%	9.2%	0.3%	-33.0M	2.22B	-21.0M	0.72	2.37	148,958	107,583	1,971,694	1,828,560
2022-05-11	$35.65	$40.00	40.1%	11.5%	35.4%	69.6%	39.8%	8.6%	0.1%	-33.8M	2.20B	-21.3M	0.60	2.54	138,151	82,364	2,010,278	1,873,485
2022-05-12	$34.82	$40.00	41.5%	11.9%	36.1%	74.9%	41.3%	8.9%	-0.1%	-45.9M	2.61B	-20.0M	0.75	3.81	134,573	100,993	2,042,391	1,903,954
2022-05-13	$35.18	$40.00	38.1%	11.1%	35.4%	62.4%	38.8%	7.7%	0.8%	-40.5M	2.49B	-19.9M	0.75	2.43	128,600	96,843	2,072,722	1,906,308
2022-05-16	$34.76	$40.00	36.9%	10.6%	33.8%	57.9%	38.3%	8.3%	-0.3%	-44.2M	2.66B	-19.4M	0.73	2.73	107,437	78,633	2,007,153	1,892,875
2022-05-17	$36.01	$40.00	34.4%	9.9%	35.6%	48.5%	34.9%	6.7%	-0.7%	-32.3M	2.09B	-20.5M	0.45	3.24	140,678	63,471	2,039,122	1,901,562
2022-05-18	$34.71	$40.00	38.5%	11.0%	37.2%	63.9%	38.6%	8.6%	-1.0%	-42.8M	2.64B	-19.4M	1.27	2.64	86,196	109,202	2,063,882	1,914,589
2022-05-19	$34.53	$40.00	37.2%	10.7%	36.5%	58.8%	38.2%	8.1%	-0.3%	-52.7M	2.79B	-19.6M	1.23	2.76	82,261	101,412	2,075,373	1,959,758
2022-05-20	$33.63	$40.00	38.1%	11.0%	36.5%	62.3%	38.7%	8.6%	-0.7%	-45.5M	3.17B	-18.5M	1.12	2.88	140,280	156,965	2,097,118	1,994,750
2022-05-23	$35.84	$40.00	36.7%	10.9%	43.9%	57.2%	36.9%	7.2%	-0.1%	-22.5M	1.59B	-21.2M	0.56	2.39	229,344	128,742	1,755,204	1,782,566
2022-05-24	$35.73	$40.00	36.7%	11.0%	43.4%	57.0%	37.2%	7.4%	-0.2%	-22.4M	1.69B	-21.5M	0.71	2.64	150,165	107,226	1,825,305	1,834,862
2022-05-25	$36.02	$40.00	36.0%	10.6%	43.5%	54.4%	37.0%	7.1%	0.1%	-15.1M	1.55B	-21.9M	0.79	2.50	103,218	81,039	1,858,650	1,857,087
2022-05-26	$36.74	$40.00	33.2%	9.9%	43.9%	44.0%	35.0%	6.2%	0.6%	-2.5M	1.17B	-22.2M	0.59	2.45	107,949	64,234	1,877,052	1,865,518
2022-05-27	$36.92	$40.00	31.1%	9.0%	42.5%	35.9%	32.8%	6.1%	0.6%	7.6M	1.12B	-22.2M	0.68	2.08	131,852	89,155	1,903,467	1,886,551
2022-05-31	$37.38	$40.00	32.4%	9.3%	42.6%	40.8%	32.8%	6.6%	-0.3%	-5.2M	1.01B	-22.0M	0.71	2.27	114,801	82,034	1,819,348	1,797,935