BAC Options History — May 2023

In May 2023, BAC traded between $26.95 and $29.05. ATM implied volatility averaged 29.5%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 0.4% (HV 20d: 29.0%). Max pain ranged from $28.00 to $32.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.87.

Notable Days

2023-05-04: Highest Volume — 432,047 contracts
2023-05-04: Largest IV spike — 20.5% change
2023-05-04: Highest IV Rank — 55.2%
2023-05-04: Largest Expected Move — 10.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.95	$26.95	$29.05	$29.05	$27.86
Max Pain	$30.66	$28.00	$32.00	$28.50	$30.00
ATM IV	29.5%	26.2%	38.3%	26.6%	27.3%
Expected Move	8.5%	7.4%	10.7%	7.4%	7.9%
HV 20d	29.0%	26.4%	31.5%	27.5%	26.4%
HV 60d	33.2%	31.4%	34.3%	31.4%	34.0%
IV Rank	25.8%	14.7%	55.2%	16.2%	18.6%
IV Percentile	33.5%	19.0%	80.2%	20.6%	23.8%
Term Structure	0.0%	-0.7%	0.7%	0.0%	-0.2%
VWIV	30.2%	24.6%	39.3%	24.6%	28.5%
Skew 25d	7.7%	5.6%	12.0%	6.0%	5.6%
Skew 10d	15.1%	9.9%	23.2%	12.0%	9.9%
Call IV 25d	26.7%	24.1%	33.1%	24.1%	26.0%
Put IV 25d	34.4%	30.2%	45.1%	30.2%	31.6%
Bid-Ask Spread %	1.83	1.55	2.42	2.02	2.11
Gamma HHI	0.10	0.07	0.21	0.07	0.10
Net GEX	-38.2M	-93.6M	-13.5M	-16.7M	-37.5M
Net DEX	1.73B	1.06B	2.37B	1.06B	1.89B
Net VEX	-20.2M	-21.0M	-19.6M	-20.7M	-19.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.87	0.44	2.21	0.56	0.72
Total Volume	209,875.364	136,237	432,047	161,255	234,441
Total OI	4,869,716.636	4,399,311	5,277,232	4,672,667	4,639,185

Daily Data (22 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
2023-05-01	$29.05	$28.50	26.6%	7.4%	27.5%	16.2%	24.6%	6.0%	0.0%	-16.7M	1.06B	-20.7M	0.56	2.02	103,653	57,602	2,334,434	2,338,233
2023-05-02	$28.20	$28.00	31.4%	9.0%	29.5%	32.2%	33.9%	8.8%	-0.5%	-36.8M	1.59B	-20.2M	1.27	2.15	140,720	178,616	2,351,771	2,363,885
2023-05-03	$27.89	$28.00	31.8%	9.0%	28.3%	33.4%	30.0%	8.6%	-0.4%	-42.9M	1.75B	-20.2M	0.87	2.42	98,623	85,790	2,395,825	2,436,100
2023-05-04	$27.05	$32.00	38.3%	10.7%	30.3%	55.2%	39.3%	12.0%	-0.7%	-50.0M	2.19B	-20.0M	1.54	1.95	170,419	261,628	2,421,455	2,470,782
2023-05-05	$27.74	$32.00	31.4%	9.0%	31.5%	32.1%	31.8%	9.4%	-0.5%	-40.1M	1.83B	-20.3M	0.88	1.78	130,933	114,782	2,471,257	2,544,481
2023-05-08	$27.73	$32.00	29.9%	8.7%	31.5%	27.1%	33.1%	8.6%	0.7%	-42.0M	1.85B	-20.1M	1.06	1.83	75,882	80,361	2,414,183	2,522,949
2023-05-09	$27.76	$32.00	29.3%	8.5%	29.6%	25.3%	32.7%	8.8%	0.7%	-41.8M	1.83B	-20.1M	0.90	1.70	71,872	64,365	2,442,128	2,558,439
2023-05-10	$27.30	$32.00	31.3%	9.0%	30.0%	31.8%	34.4%	9.2%	0.1%	-56.3M	2.09B	-19.6M	2.21	1.56	86,085	190,210	2,455,442	2,577,914
2023-05-11	$27.38	$32.00	31.4%	9.1%	30.0%	32.2%	30.5%	8.4%	0.4%	-56.4M	2.07B	-20.1M	1.13	1.55	98,314	111,242	2,479,400	2,666,367
2023-05-12	$26.95	$31.00	30.7%	8.9%	27.0%	30.0%	31.2%	8.0%	0.6%	-93.6M	2.37B	-19.9M	0.96	1.78	92,275	88,294	2,507,319	2,709,414
2023-05-15	$27.61	$31.00	27.7%	8.0%	27.1%	19.9%	29.2%	8.1%	-0.1%	-45.9M	1.91B	-20.0M	0.73	1.59	99,499	72,473	2,457,682	2,650,156
2023-05-16	$27.41	$31.00	30.2%	8.7%	26.4%	28.1%	29.3%	8.0%	-0.5%	-48.8M	2.04B	-19.8M	0.70	1.58	80,201	56,393	2,487,865	2,673,577
2023-05-17	$28.52	$31.00	26.2%	7.5%	30.3%	14.7%	27.2%	6.8%	-0.2%	-13.5M	1.28B	-21.0M	0.63	1.81	179,093	112,358	2,517,042	2,683,786
2023-05-18	$28.38	$31.00	27.5%	7.9%	30.3%	19.1%	27.6%	6.7%	0.1%	-20.1M	1.44B	-20.7M	0.75	1.58	93,021	69,904	2,533,525	2,713,947
2023-05-19	$28.16	$31.00	28.4%	8.2%	30.4%	22.3%	28.7%	6.6%	-0.4%	-32.6M	1.52B	-20.3M	0.71	1.63	134,692	95,089	2,552,906	2,724,326
2023-05-22	$28.32	$31.00	27.4%	7.7%	30.5%	18.8%	27.4%	6.9%	0.5%	-28.9M	1.54B	-20.2M	0.44	1.73	112,524	49,017	2,072,886	2,326,425
2023-05-23	$28.64	$30.00	26.8%	8.1%	28.9%	16.7%	27.3%	6.9%	0.5%	-17.4M	1.31B	-21.0M	0.45	1.86	110,980	49,857	2,125,339	2,340,695
2023-05-24	$28.12	$31.00	30.5%	8.9%	29.0%	29.1%	31.0%	7.8%	-0.0%	-33.6M	1.63B	-20.6M	0.73	1.92	83,905	61,087	2,127,150	2,356,465
2023-05-25	$28.20	$30.00	28.9%	8.4%	28.3%	24.0%	28.8%	6.3%	0.0%	-32.5M	1.58B	-20.3M	0.72	1.90	114,700	82,611	2,145,190	2,372,028
2023-05-26	$28.34	$30.00	27.8%	7.7%	28.0%	20.1%	28.4%	5.9%	0.4%	-22.8M	1.58B	-20.3M	0.57	1.76	161,399	92,791	2,185,622	2,416,275
2023-05-30	$28.23	$30.00	27.7%	8.1%	28.0%	19.7%	28.4%	6.3%	-0.1%	-30.0M	1.70B	-20.0M	0.56	2.00	108,714	60,843	2,164,523	2,405,393
2023-05-31	$27.86	$30.00	27.3%	7.9%	26.4%	18.6%	28.5%	5.6%	-0.2%	-37.5M	1.89B	-19.6M	0.72	2.11	136,615	97,826	2,206,004	2,433,181