BAC Options History — April 2023

In April 2023, BAC traded between $27.61 and $30.61. ATM implied volatility averaged 31.1%, placing in the 31.1% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded below realized volatility by 3.4% (HV 20d: 34.5%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.80.

Notable Days

2023-04-17: Highest Volume — 747,586 contracts
2023-04-18: Largest IV drop — 23.3% change
2023-04-05: Highest IV Rank — 54.2%
2023-04-05: Largest Expected Move — 12.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.99	$27.61	$30.61	$28.54	$29.20
Max Pain	$28.68	$28.00	$30.00	$30.00	$28.00
ATM IV	31.1%	23.7%	38.0%	33.7%	26.2%
Expected Move	8.9%	6.7%	12.1%	10.5%	7.3%
HV 20d	34.5%	27.4%	43.5%	43.5%	27.4%
HV 60d	30.9%	30.3%	31.7%	30.4%	31.4%
IV Rank	31.1%	6.4%	54.2%	39.9%	14.6%
IV Percentile	41.6%	5.6%	75.0%	57.1%	18.3%
Term Structure	-0.2%	-1.3%	1.1%	-0.4%	1.0%
VWIV	32.0%	23.5%	44.0%	36.8%	25.0%
Skew 25d	6.1%	3.6%	8.4%	7.3%	5.6%
Skew 10d	12.5%	7.1%	17.6%	14.5%	10.0%
Call IV 25d	28.9%	22.3%	35.4%	31.7%	22.9%
Put IV 25d	34.9%	27.1%	43.7%	39.1%	28.6%
Bid-Ask Spread %	2.05	1.65	2.60	2.13	2.19
Gamma HHI	0.08	0.05	0.13	0.06	0.07
Net GEX	8.2M	-45.7M	88.4M	-11.0M	-11.7M
Net DEX	934.3M	-398.8M	1.96B	1.41B	913.7M
Net VEX	-21.6M	-22.8M	-20.6M	-21.7M	-21.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.80	0.40	1.85	0.67	0.78
Total Volume	321,521.211	136,631	747,586	288,556	225,702
Total OI	5,111,356.474	4,538,242	5,536,220	4,943,303	4,772,085

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
2023-04-03	$28.54	$30.00	33.7%	10.5%	43.5%	39.9%	36.8%	7.3%	-0.4%	-11.0M	1.41B	-21.7M	0.67	2.13	173,194	115,362	2,489,357	2,453,946
2023-04-04	$27.82	$30.00	37.9%	11.7%	43.0%	53.9%	41.3%	8.4%	-1.0%	-34.5M	1.81B	-21.2M	1.85	1.99	161,848	299,098	2,556,699	2,484,796
2023-04-05	$27.61	$30.00	38.0%	12.1%	42.9%	54.2%	44.0%	8.3%	-0.9%	-45.7M	1.96B	-21.1M	1.38	2.25	111,331	154,059	2,607,767	2,561,319
2023-04-06	$27.84	$30.00	37.6%	10.4%	37.7%	53.1%	35.8%	7.9%	-1.3%	-26.0M	1.79B	-21.2M	0.73	2.60	143,441	104,648	2,636,368	2,582,893
2023-04-10	$27.87	$30.00	37.3%	10.5%	37.6%	52.1%	36.3%	6.9%	-0.5%	-24.5M	1.69B	-20.8M	0.43	1.86	135,165	58,427	2,560,359	2,512,340
2023-04-11	$28.69	$30.00	35.5%	10.0%	35.2%	45.9%	42.3%	6.7%	-0.7%	5.7M	1.11B	-21.8M	0.54	1.93	222,921	120,498	2,616,505	2,523,162
2023-04-12	$28.45	$28.00	36.6%	10.2%	35.3%	49.7%	35.0%	6.3%	-1.1%	-2.6M	1.22B	-21.5M	0.95	2.21	116,772	111,156	2,683,641	2,577,355
2023-04-13	$28.56	$28.00	35.7%	9.9%	35.2%	46.6%	35.0%	6.2%	-1.1%	18.6M	1.08B	-22.0M	0.72	2.30	174,988	126,003	2,765,174	2,599,765
2023-04-14	$29.56	$28.00	32.4%	9.1%	36.7%	35.5%	32.5%	5.0%	-1.0%	50.1M	151.1M	-22.8M	0.44	2.29	333,847	145,491	2,822,136	2,639,874
2023-04-17	$30.27	$28.00	32.2%	9.2%	34.7%	34.9%	32.0%	3.6%	-1.2%	50.0M	-111.0M	-22.8M	0.56	2.21	478,083	269,503	2,694,263	2,529,860
2023-04-18	$30.61	$28.00	24.7%	7.1%	34.7%	9.7%	25.6%	4.1%	0.2%	88.4M	-398.8M	-22.4M	0.40	1.72	463,696	186,145	2,805,910	2,594,517
2023-04-19	$30.01	$28.00	24.3%	7.0%	34.5%	8.5%	24.2%	3.9%	0.1%	59.9M	217.4M	-21.9M	0.40	1.65	255,057	101,337	2,846,526	2,623,756
2023-04-20	$29.88	$28.00	24.8%	7.1%	32.6%	9.9%	25.0%	4.3%	0.5%	43.4M	330.5M	-21.9M	0.65	1.70	146,276	95,532	2,883,495	2,637,065
2023-04-21	$29.87	$29.00	24.4%	7.0%	30.0%	8.7%	24.3%	4.4%	0.4%	49.1M	407.7M	-21.6M	0.68	1.81	173,429	118,180	2,892,313	2,643,907
2023-04-24	$29.79	$28.00	23.7%	6.7%	30.1%	6.4%	23.5%	4.8%	0.7%	12.2M	534.0M	-21.5M	0.49	1.92	91,613	45,018	2,318,671	2,219,571
2023-04-25	$28.88	$28.00	27.9%	8.0%	27.9%	20.6%	31.5%	7.2%	0.3%	-11.5M	1.08B	-21.5M	1.39	2.14	111,480	154,490	2,346,140	2,240,190
2023-04-26	$28.39	$28.00	31.0%	8.5%	28.1%	30.8%	30.0%	7.6%	0.6%	-30.0M	1.43B	-20.6M	1.23	1.96	101,887	124,924	2,359,603	2,308,098
2023-04-27	$28.89	$28.00	26.6%	7.5%	27.7%	16.0%	27.1%	6.8%	1.1%	-23.4M	1.13B	-21.1M	0.86	2.18	85,062	73,240	2,383,918	2,342,429
2023-04-28	$29.20	$28.00	26.2%	7.3%	27.4%	14.6%	25.0%	5.6%	1.0%	-11.7M	913.7M	-21.1M	0.78	2.19	127,098	98,604	2,400,472	2,371,613