BAC Options History — November 2023

In November 2023, BAC traded between $26.37 and $30.48. ATM implied volatility averaged 23.3%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 10.7% (HV 20d: 34.0%). Max pain ranged from $25.00 to $29.50. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.82.

Notable Days

  • 2023-11-29: Highest Volume — 660,850 contracts
  • 2023-11-02: Largest IV drop — 13.5% change
  • 2023-11-01: Highest IV Rank — 27.2%
  • 2023-11-01: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.92$26.37$30.48$26.37$30.48
Max Pain$27.93$25.00$29.50$25.00$29.50
ATM IV23.3%20.2%28.4%28.4%21.6%
Expected Move6.8%5.9%7.7%7.7%6.6%
HV 20d34.0%28.8%38.7%28.8%30.3%
HV 60d26.2%22.9%27.4%22.9%27.3%
IV Rank11.3%1.4%27.2%27.2%6.0%
IV Percentile20.8%1.2%58.3%58.3%10.7%
Term Structure-0.2%-0.7%0.4%-0.5%-0.3%
VWIV24.4%20.7%31.6%27.3%23.9%
Skew 25d3.3%1.7%5.6%5.6%2.4%
Skew 10d7.3%3.0%11.0%11.0%4.4%
Call IV 25d22.2%20.1%24.9%24.9%20.4%
Put IV 25d25.5%21.9%30.5%30.5%22.7%
Bid-Ask Spread %2.031.792.392.342.17
Gamma HHI0.110.080.480.130.12
Net GEX22.9M-39.4M195.4M-39.4M65.1M
Net DEX-162.9M-1.27B1.42B1.42B-876.7M
Net VEX-21.0M-22.1M-20.2M-20.3M-20.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.181.450.820.59
Total Volume197,904.42991,497660,850174,279171,658
Total OI5,195,139.6674,726,5385,523,2695,336,4764,885,247

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$26.37$25.0028.4%7.7%28.8%27.2%27.3%5.6%-0.5%-39.4M1.42B-20.3M0.822.3495,52678,7532,357,2892,979,187
2023-11-02$27.56$28.0024.6%7.1%32.6%15.2%26.6%4.7%-0.6%-11.0M500.8M-21.5M0.741.96153,119112,8172,399,5713,013,186
2023-11-03$28.48$28.0026.0%7.5%34.3%19.8%25.4%3.5%-0.7%16.2M-307.7M-22.1M0.451.87291,816130,5262,427,8983,048,354
2023-11-06$28.30$28.0025.7%7.4%34.5%18.7%25.6%4.8%0.1%5.1M9.3M-21.3M1.122.0170,99279,2672,366,6522,947,017
2023-11-07$28.21$28.0025.2%7.2%33.6%17.1%31.6%5.1%0.3%-2.6M160.5M-21.7M1.342.0763,27185,0322,384,9392,977,279
2023-11-08$27.86$28.0024.6%7.1%34.0%15.4%25.2%4.9%0.4%-15.2M440.2M-21.3M0.921.8670,54465,1742,394,2643,011,795
2023-11-09$27.49$28.0026.1%7.5%34.3%20.0%26.1%4.5%0.1%-29.3M725.0M-20.6M1.451.8261,69589,6702,411,1643,020,256
2023-11-10$27.68$28.0023.4%6.7%34.2%11.7%24.0%4.5%0.3%-32.6M623.4M-20.8M0.821.9573,91660,6572,419,9443,048,146
2023-11-13$27.76$28.0024.2%6.9%34.0%13.9%25.4%4.2%-0.1%-21.8M537.1M-20.2M0.702.1059,01341,5842,374,5312,969,853
2023-11-14$29.34$28.0024.3%7.0%38.7%14.5%24.7%3.2%-0.7%37.3M-770.6M-21.5M0.561.80208,545116,0132,390,9782,989,602
2023-11-15$29.64$28.0023.4%6.7%38.4%11.7%25.3%3.1%-0.5%56.5M-1.05B-21.6M0.521.90154,06480,0572,425,0473,026,659
2023-11-16$29.54$28.0023.0%6.6%38.1%10.4%23.7%2.3%-0.2%49.0M-988.5M-21.0M0.991.7973,04872,1352,438,2843,044,269
2023-11-17$29.95$28.0022.4%6.5%36.6%8.5%23.5%2.6%0.0%195.4M-1.27B-21.5M0.521.91145,69075,8942,447,4313,075,838
2023-11-20$30.16$28.0022.0%6.4%34.5%7.2%23.2%2.6%-0.1%35.8M-636.4M-21.1M0.522.1799,23752,0062,091,8972,634,641
2023-11-21$29.66$28.0021.6%6.4%35.4%5.9%23.5%2.4%-0.2%25.7M-251.6M-21.2M0.652.33103,49167,4672,135,1332,652,245
2023-11-22$29.63$28.0020.5%6.0%35.5%2.6%21.2%1.8%-0.4%22.5M-211.4M-20.9M0.892.0855,67749,2752,160,7062,683,767
2023-11-24$29.77$28.0020.2%5.9%35.0%1.4%20.7%1.8%-0.1%26.4M-357.9M-21.0M1.352.0538,93552,5622,188,4582,712,552
2023-11-27$29.62$28.0020.4%6.1%30.4%2.1%21.2%2.0%-0.1%22.1M-131.1M-20.5M0.871.9952,54045,9352,155,0772,664,540
2023-11-28$29.55$28.0020.5%6.2%30.0%2.4%21.9%1.8%-0.1%18.0M-125.9M-20.4M1.142.0645,64251,9002,176,9382,688,782
2023-11-29$30.37$28.0021.5%6.5%30.3%5.5%21.7%1.7%-0.3%58.1M-857.3M-20.8M0.182.39562,25598,5952,189,8862,688,631
2023-11-30$30.48$29.5021.6%6.6%30.3%6.0%23.9%2.4%-0.3%65.1M-876.7M-20.5M0.592.17107,76063,8982,144,0452,741,202