BAC Options History — August 2023

In August 2023, BAC traded between $28.46 and $31.80. ATM implied volatility averaged 23.9%, placing in the 12.3% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 1.5% (HV 20d: 22.4%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 10 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.78.

Notable Days

2023-08-30: Highest Volume — 413,540 contracts
2023-08-02: Largest IV spike — 13.6% change
2023-08-22: Highest IV Rank — 22.9%
2023-08-17: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.95	$28.46	$31.80	$31.56	$28.63
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	23.9%	20.8%	27.3%	21.5%	20.8%
Expected Move	6.7%	5.5%	7.6%	5.9%	5.9%
HV 20d	22.4%	18.6%	26.8%	26.2%	20.3%
HV 60d	23.2%	22.2%	23.9%	23.8%	22.3%
IV Rank	12.3%	2.3%	22.9%	4.6%	2.3%
IV Percentile	16.8%	1.2%	41.7%	3.6%	1.2%
Term Structure	0.0%	-1.0%	0.6%	-0.4%	0.5%
VWIV	23.8%	19.5%	27.5%	20.8%	20.4%
Skew 25d	4.1%	2.9%	5.0%	2.9%	3.5%
Skew 10d	7.8%	5.2%	10.6%	5.3%	6.4%
Call IV 25d	22.3%	19.9%	24.9%	20.6%	20.0%
Put IV 25d	26.4%	23.1%	29.7%	23.5%	23.5%
Bid-Ask Spread %	1.84	1.38	5.06	2.07	1.61
Gamma HHI	0.09	0.07	0.13	0.07	0.11
Net GEX	-3.9M	-39.5M	31.8M	29.6M	-30.2M
Net DEX	518.9M	-774.2M	1.52B	-648.2M	1.48B
Net VEX	-20.4M	-21.6M	-19.2M	-21.1M	-19.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.78	0.31	1.53	0.82	0.63
Total Volume	178,154.783	90,102	413,540	140,549	132,858
Total OI	4,277,243.565	4,032,884	4,465,395	4,151,464	4,416,241

Daily Data (23 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
2023-08-01	$31.56	$30.00	21.5%	5.9%	26.2%	4.6%	20.8%	2.9%	-0.4%	29.6M	-648.2M	-21.1M	0.82	2.07	77,208	63,341	1,997,001	2,154,463
2023-08-02	$31.16	$30.00	24.4%	6.5%	26.8%	13.8%	22.8%	4.2%	-0.8%	15.9M	-317.6M	-21.4M	1.28	1.96	102,020	130,554	2,012,686	2,167,605
2023-08-03	$31.44	$30.00	24.6%	6.8%	23.8%	14.5%	24.3%	3.8%	-1.0%	21.3M	-545.9M	-21.6M	0.70	1.61	71,634	50,158	2,036,524	2,196,624
2023-08-04	$31.24	$30.00	24.3%	6.8%	24.1%	13.6%	24.1%	4.2%	-0.8%	21.8M	-373.7M	-21.6M	0.99	1.62	70,012	69,428	2,057,582	2,209,904
2023-08-07	$31.80	$30.00	21.9%	6.2%	24.6%	5.9%	23.5%	4.5%	0.1%	31.8M	-774.2M	-21.4M	0.64	1.59	54,871	35,231	1,999,762	2,180,105
2023-08-08	$31.20	$30.00	24.2%	6.9%	25.7%	13.1%	25.5%	5.0%	-0.1%	19.2M	-346.4M	-21.0M	0.65	1.64	191,574	124,352	2,016,590	2,193,934
2023-08-09	$31.01	$30.00	24.0%	6.8%	25.8%	12.6%	24.6%	4.2%	-0.2%	19.9M	-272.9M	-21.4M	1.53	1.82	47,301	72,261	2,102,200	2,220,946
2023-08-10	$30.86	$30.00	23.8%	6.8%	25.7%	12.0%	25.3%	4.1%	-0.1%	11.0M	-141.9M	-21.3M	0.84	1.61	58,355	48,810	2,115,573	2,244,323
2023-08-11	$31.27	$30.00	23.0%	6.6%	24.5%	9.5%	22.9%	3.9%	-0.0%	26.6M	-464.5M	-21.6M	0.70	1.84	81,330	56,558	2,127,354	2,254,419
2023-08-14	$30.84	$30.00	23.0%	6.6%	25.0%	9.4%	23.4%	3.9%	0.3%	19.8M	-131.5M	-20.9M	0.66	1.58	74,483	49,331	2,079,250	2,210,135
2023-08-15	$29.93	$30.00	25.1%	7.2%	23.0%	16.1%	25.6%	4.4%	0.2%	-3.6M	590.7M	-20.5M	0.88	1.38	106,994	93,778	2,092,190	2,225,430
2023-08-16	$29.31	$30.00	26.4%	7.6%	21.2%	20.0%	27.5%	4.8%	0.2%	-20.2M	1.05B	-19.9M	1.01	1.65	111,813	112,653	2,117,455	2,252,911
2023-08-17	$29.23	$30.00	26.4%	7.6%	21.0%	20.2%	26.2%	4.6%	0.2%	-23.0M	1.07B	-19.9M	0.94	1.61	92,160	87,088	2,143,446	2,261,740
2023-08-18	$29.19	$30.00	25.7%	7.3%	20.1%	18.0%	25.8%	4.5%	0.4%	-25.9M	1.12B	-20.3M	0.97	1.48	80,054	77,364	2,168,482	2,296,913
2023-08-21	$29.12	$30.00	24.8%	7.0%	18.6%	15.2%	24.2%	4.4%	0.5%	-30.0M	1.17B	-19.9M	0.87	1.96	90,587	79,100	1,900,002	2,132,882
2023-08-22	$28.46	$30.00	27.3%	7.5%	19.4%	22.9%	27.4%	4.9%	-0.0%	-39.5M	1.52B	-19.2M	0.75	1.70	131,759	98,362	1,934,416	2,165,337
2023-08-23	$28.49	$30.00	26.2%	7.1%	19.0%	19.4%	24.0%	4.4%	0.2%	-38.5M	1.52B	-19.2M	0.46	1.73	121,097	55,194	1,990,902	2,201,395
2023-08-24	$28.63	$30.00	24.5%	7.1%	19.2%	14.2%	25.1%	4.5%	0.4%	-29.7M	1.40B	-19.8M	0.78	1.71	93,461	72,567	2,034,354	2,220,716
2023-08-25	$28.57	$30.00	23.1%	6.6%	19.2%	9.7%	22.6%	3.9%	0.6%	-26.8M	1.50B	-19.3M	0.63	1.64	142,021	88,959	2,051,360	2,247,121
2023-08-28	$28.77	$30.00	22.4%	6.1%	19.6%	7.7%	21.6%	3.8%	0.5%	-25.6M	1.32B	-19.4M	0.45	1.76	102,867	46,301	2,022,939	2,248,213
2023-08-29	$29.18	$30.00	21.5%	5.8%	20.7%	4.8%	20.3%	3.4%	0.5%	-6.7M	1.06B	-19.7M	0.39	1.77	99,331	38,840	2,048,105	2,264,877
2023-08-30	$29.05	$30.00	20.9%	5.5%	20.5%	2.6%	19.5%	3.2%	0.1%	-6.3M	1.15B	-19.6M	0.31	5.06	315,876	97,664	2,082,330	2,279,865
2023-08-31	$28.63	$30.00	20.8%	5.9%	20.3%	2.3%	20.4%	3.5%	0.5%	-30.2M	1.48B	-19.9M	0.63	1.61	81,652	51,206	2,073,995	2,342,246