BAC Options History — February 2024

In February 2024, BAC traded between $32.64 and $34.47. ATM implied volatility averaged 23.9%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 1.0% (HV 20d: 24.9%). Max pain ranged from $32.00 to $33.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.74.

Notable Days

  • 2024-02-28: Highest Volume — 641,752 contracts
  • 2024-02-13: Largest IV spike — 4.8% change
  • 2024-02-13: Highest IV Rank — 17.6%
  • 2024-02-13: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.57$32.64$34.47$33.55$34.47
Max Pain$32.13$32.00$33.00$32.00$33.00
ATM IV23.9%22.5%25.3%24.4%23.0%
Expected Move6.8%6.4%7.3%6.8%6.6%
HV 20d24.9%22.5%27.6%23.9%22.5%
HV 60d24.9%23.3%25.7%25.5%24.4%
IV Rank13.0%8.8%17.6%14.6%10.4%
IV Percentile31.7%19.8%48.8%37.3%25.0%
Term Structure-0.1%-0.4%0.4%-0.2%-0.4%
VWIV24.3%22.7%26.0%25.8%22.9%
Skew 25d2.4%1.1%3.9%3.9%1.9%
Skew 10d5.1%2.9%7.6%7.6%5.4%
Call IV 25d23.0%22.1%24.3%23.1%22.1%
Put IV 25d25.3%23.5%27.6%27.0%23.9%
Bid-Ask Spread %2.381.873.453.352.28
Gamma HHI0.110.080.350.100.12
Net GEX38.0M-2.6M125.8M35.4M78.2M
Net DEX-1.11B-1.66B-470.2M-1.21B-1.61B
Net VEX-19.9M-20.4M-19.2M-20.3M-19.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.091.401.400.48
Total Volume209,423.9101,804641,752500,510140,955
Total OI4,067,297.153,837,0214,287,0093,998,5434,008,681

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$33.55$32.0024.4%6.8%23.9%14.6%25.8%3.9%-0.2%35.4M-1.21B-20.3M1.403.35208,679291,8311,679,0212,319,522
2024-02-02$33.48$32.0024.6%6.9%23.5%15.2%24.0%2.6%0.4%38.1M-1.14B-20.4M0.633.45109,26769,3511,745,4412,412,258
2024-02-05$32.98$32.0024.2%6.8%23.4%13.9%24.3%2.9%-0.1%8.3M-744.9M-20.3M0.922.4553,11148,6931,683,9752,387,331
2024-02-06$32.97$32.0023.9%6.8%23.4%13.2%24.5%2.7%-0.1%6.5M-745.6M-20.0M1.382.2056,19177,6871,697,7702,402,367
2024-02-07$33.19$32.0023.9%6.8%22.9%13.0%24.2%2.8%-0.2%15.5M-922.5M-19.9M0.762.2793,12370,3851,706,6562,432,813
2024-02-08$33.16$32.0023.7%6.8%22.9%12.6%24.2%2.9%-0.0%18.1M-891.9M-19.9M1.392.2764,08988,7971,731,2562,448,009
2024-02-09$32.95$32.0023.3%6.7%22.6%11.1%24.1%2.7%0.1%15.0M-727.7M-20.1M0.912.1282,86975,5371,742,3152,461,050
2024-02-12$33.73$32.0024.2%6.9%23.7%14.0%24.5%2.2%-0.2%42.3M-1.36B-19.9M0.571.87152,00687,3831,689,0082,403,382
2024-02-13$32.64$32.0025.3%7.3%25.2%17.6%26.0%3.3%-0.1%-2.6M-470.2M-19.9M1.142.18100,170113,9281,720,0862,442,982
2024-02-14$33.05$32.0024.3%7.0%25.3%14.5%25.6%2.8%-0.1%16.1M-835.1M-20.1M1.022.2455,14956,2351,738,1122,454,870
2024-02-15$34.02$32.0024.6%7.1%27.0%15.4%24.9%1.6%-0.2%72.4M-1.66B-20.0M0.512.26188,55096,9821,752,1492,471,869
2024-02-16$34.03$32.0024.6%7.1%26.7%15.2%24.7%1.9%-0.1%125.8M-1.60B-20.1M0.532.06135,59272,1931,783,4092,503,600
2024-02-20$33.91$32.0024.4%7.1%26.5%14.8%25.1%2.5%0.3%27.6M-1.16B-19.9M0.702.3173,32751,0671,551,4442,285,577
2024-02-21$33.66$32.0024.1%7.1%26.7%13.8%24.9%2.4%-0.2%19.8M-992.7M-19.7M0.522.17112,10658,1251,585,8472,305,150
2024-02-22$33.55$32.0023.6%6.8%26.6%12.1%24.0%2.0%-0.0%18.4M-933.4M-19.5M0.412.36126,30551,5571,605,9892,320,946
2024-02-23$33.94$32.0022.5%6.4%26.8%8.8%22.7%1.5%-0.0%87.9M-1.23B-19.7M0.572.2098,02755,4541,652,1722,333,241
2024-02-26$33.67$32.0022.8%6.6%26.9%9.6%23.1%1.9%-0.1%23.3M-1.04B-19.3M0.562.8782,50545,8501,606,2432,307,397
2024-02-27$34.28$32.5022.9%6.5%27.6%9.8%22.9%1.4%-0.1%52.0M-1.51B-19.2M0.362.32149,55854,0921,623,1472,327,856
2024-02-28$34.22$33.0022.9%6.6%23.7%10.1%23.2%1.1%-0.1%61.3M-1.51B-19.4M0.092.37586,85954,8931,676,3562,346,646
2024-02-29$34.47$33.0023.0%6.6%22.5%10.4%22.9%1.9%-0.4%78.2M-1.61B-19.5M0.482.2895,41245,5431,638,0462,370,635