BAC Options History — April 2024

In April 2024, BAC traded between $34.80 and $38.38. ATM implied volatility averaged 24.4%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 3.5% (HV 20d: 20.9%). Max pain ranged from $34.00 to $35.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.87.

Notable Days

  • 2024-04-16: Highest Volume — 401,579 contracts
  • 2024-04-16: Largest IV drop — 9.9% change
  • 2024-04-15: Highest IV Rank — 43.7%
  • 2024-04-15: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.99$34.80$38.38$37.56$37.05
Max Pain$34.50$34.00$35.00$34.00$35.00
ATM IV24.4%20.8%27.8%23.7%22.1%
Expected Move7.0%6.0%7.9%7.2%6.6%
HV 20d20.9%15.5%25.2%16.2%25.1%
HV 60d21.3%20.2%22.9%20.7%21.2%
IV Rank25.5%5.7%43.7%21.6%12.6%
IV Percentile44.7%6.3%81.3%33.3%19.8%
Term Structure-0.3%-1.5%0.9%-0.3%0.5%
VWIV24.5%20.9%28.0%25.5%23.2%
Skew 25d2.2%1.7%3.2%1.7%2.4%
Skew 10d5.5%3.6%7.8%5.2%5.6%
Call IV 25d23.5%20.2%27.0%23.1%20.9%
Put IV 25d25.8%22.3%30.2%24.8%23.2%
Bid-Ask Spread %2.442.082.882.122.37
Gamma HHI0.110.080.330.110.11
Net GEX56.0M11.8M108.9M61.4M57.3M
Net DEX-2.33B-2.98B-895.1M-2.87B-2.09B
Net VEX-19.1M-20.0M-18.1M-18.7M-18.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.331.170.640.74
Total Volume177,834.36486,857401,579117,955132,525
Total OI3,866,761.8183,582,8304,078,3193,763,2223,836,772

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$37.56$34.0023.7%7.2%16.2%21.6%25.5%1.7%-0.3%61.4M-2.87B-18.7M0.642.1271,91546,0401,590,2902,172,932
2024-04-02$37.31$34.0024.9%7.5%15.5%27.8%26.5%1.7%-0.5%57.9M-2.63B-19.2M0.332.27120,56239,8181,608,0932,193,341
2024-04-03$37.42$34.0025.5%7.8%15.5%31.4%27.1%1.9%-0.7%66.7M-2.86B-18.8M0.812.1769,88956,5231,647,1402,195,541
2024-04-04$36.91$34.0027.0%7.4%16.5%39.2%26.1%1.9%-0.7%49.9M-2.39B-19.9M0.892.1185,33375,7261,664,8672,221,808
2024-04-05$37.17$34.0026.7%7.2%16.5%37.6%25.6%1.8%0.0%52.0M-2.62B-19.3M0.842.3572,16860,6721,677,5902,236,961
2024-04-08$37.50$34.0026.2%7.2%16.6%35.0%25.2%1.8%-0.8%58.4M-2.77B-19.2M1.042.2642,53244,3251,638,3672,203,886
2024-04-09$37.64$34.0025.6%7.0%16.6%31.7%24.9%2.3%-0.9%64.9M-2.90B-19.0M0.892.0854,15048,3781,655,7532,208,344
2024-04-10$36.67$34.0026.5%7.4%19.4%36.7%25.5%2.5%-0.9%37.8M-2.17B-19.5M1.172.1894,740111,0611,657,7672,218,644
2024-04-11$36.50$34.0027.6%7.7%19.5%42.4%26.6%2.6%-1.1%33.9M-2.06B-19.5M0.882.7392,28281,5171,677,9072,250,270
2024-04-12$35.72$34.0027.8%7.8%20.4%43.7%27.2%3.2%-0.6%29.5M-1.45B-20.0M0.962.2496,05692,5181,702,3852,271,344
2024-04-15$35.84$34.0027.8%7.9%20.4%43.7%28.0%2.4%-1.5%37.7M-1.67B-19.6M1.122.54125,033139,4201,646,3252,228,710
2024-04-16$34.80$35.0025.1%7.2%22.5%28.8%24.5%2.8%-0.3%11.8M-895.1M-19.2M0.822.49220,979180,6001,681,2852,287,384
2024-04-17$35.34$35.0024.4%7.0%23.3%25.2%23.7%2.6%0.5%40.0M-1.37B-19.4M1.062.7293,71099,7211,734,8572,298,833
2024-04-18$35.81$35.0023.3%6.6%22.3%19.0%24.0%2.4%0.3%53.7M-1.79B-19.1M1.122.5481,03390,9271,745,1332,300,515
2024-04-19$36.86$35.0023.5%6.7%23.8%20.5%23.7%2.4%0.2%108.9M-2.55B-19.6M0.632.57185,558117,0731,755,7062,322,613
2024-04-22$37.72$35.0022.5%6.5%25.0%15.0%22.9%2.2%-0.2%62.2M-2.58B-18.4M0.892.52129,656115,2671,512,9892,069,841
2024-04-23$38.25$35.0021.8%6.2%25.2%11.4%21.6%1.9%-0.2%76.0M-2.97B-18.1M0.682.55117,30379,3781,564,7962,129,698
2024-04-24$38.38$35.0021.6%6.1%25.2%10.4%22.1%1.9%-0.1%76.7M-2.98B-18.5M0.872.4871,75062,2571,600,6882,173,650
2024-04-25$37.92$35.0021.7%6.2%24.9%10.7%22.2%2.4%-0.4%63.8M-2.68B-18.9M1.132.8874,90884,4291,630,8372,203,565
2024-04-26$37.84$35.0020.8%6.0%24.9%5.7%20.9%2.1%-0.2%72.7M-2.68B-18.6M1.012.7571,13571,5091,650,7572,217,683
2024-04-29$37.48$35.0021.9%6.4%24.9%11.5%22.3%2.5%0.9%59.1M-2.34B-18.8M0.582.6471,02340,9571,604,4332,178,460
2024-04-30$37.05$35.0022.1%6.6%25.1%12.6%23.2%2.4%0.5%57.3M-2.09B-18.8M0.742.3776,01156,5141,643,0252,193,747