BAC Options History — May 2024

In May 2024, BAC traded between $36.80 and $39.80. ATM implied volatility averaged 20.2%, placing in the 6.8% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 0.7% (HV 20d: 19.5%). 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 14 of 22 days. Put/call ratio averaged 0.78.

Notable Days

  • 2024-05-30: Highest Volume — 231,637 contracts
  • 2024-05-28: Largest IV spike — 9.9% change
  • 2024-05-30: Highest IV Rank — 24.2%
  • 2024-05-01: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.57$36.80$39.80$37.17$39.80
Max Pain$34.82$34.00$35.00$35.00$35.00
ATM IV20.2%18.4%22.5%21.5%22.0%
Expected Move5.7%5.2%6.4%6.4%6.1%
HV 20d19.5%14.4%25.2%25.1%19.0%
HV 60d19.7%18.7%21.2%21.0%20.2%
IV Rank6.8%0.0%24.2%9.4%21.0%
IV Percentile7.4%0.0%31.3%11.9%27.0%
Term Structure0.5%-1.3%5.4%5.4%-0.7%
VWIV20.5%17.9%23.1%23.1%22.3%
Skew 25d1.9%1.2%4.1%2.0%1.8%
Skew 10d4.6%2.7%8.9%5.8%4.3%
Call IV 25d19.3%17.5%22.1%20.7%21.5%
Put IV 25d21.3%19.1%24.5%22.8%23.4%
Bid-Ask Spread %3.151.9916.343.302.66
Gamma HHI0.140.110.430.110.18
Net GEX91.8M43.1M322.3M71.1M93.6M
Net DEX-2.86B-3.65B-1.88B-2.18B-3.30B
Net VEX-17.4M-18.9M-16.2M-18.7M-16.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.341.600.670.92
Total Volume131,753.63680,570231,637153,063196,987
Total OI3,779,397.1823,492,0273,980,0283,864,4493,730,527

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$37.17$35.0021.5%6.4%25.1%9.4%23.1%2.0%5.4%71.1M-2.18B-18.7M0.673.3091,53561,5281,668,7552,195,694
2024-05-02$36.80$35.0021.3%6.2%24.9%8.8%21.7%2.0%1.1%50.3M-1.88B-18.9M0.342.73117,89539,6951,675,8592,198,302
2024-05-03$37.20$35.0020.0%5.6%25.0%1.3%19.6%1.6%1.0%74.3M-2.23B-18.6M1.032.2955,29756,6891,714,5382,208,189
2024-05-06$37.64$34.0020.1%5.8%25.2%2.1%21.3%2.4%0.2%85.0M-2.56B-18.1M0.862.2444,36038,1111,642,5382,178,543
2024-05-07$37.83$34.0020.0%5.8%25.2%1.9%20.9%2.1%0.7%93.2M-2.66B-18.1M0.682.1470,60748,0411,655,0492,199,734
2024-05-08$37.69$34.0019.9%5.7%23.3%0.9%20.2%4.1%2.3%88.1M-2.49B-18.7M0.692.0349,59534,0471,675,0332,220,420
2024-05-09$38.34$34.0020.2%5.7%23.8%2.9%20.4%1.4%0.1%121.8M-3.04B-18.2M0.591.9995,32356,2021,683,3732,229,678
2024-05-10$38.48$35.0020.0%5.6%22.1%1.9%20.0%1.2%-0.1%322.3M-3.21B-17.6M0.592.30102,48160,9381,708,7122,245,783
2024-05-13$38.25$35.0021.2%5.9%22.3%9.3%20.0%1.7%-0.3%91.0M-2.84B-18.1M0.922.4965,99860,9701,664,5372,217,119
2024-05-14$38.58$35.0020.4%5.8%18.7%4.7%21.6%2.6%0.4%99.0M-3.14B-17.3M0.862.3153,45546,0881,675,7382,235,786
2024-05-15$38.88$35.0019.5%5.5%18.4%0.0%19.6%1.8%0.0%111.6M-3.37B-17.2M0.412.1396,54239,9831,681,1442,258,641
2024-05-16$39.22$35.0019.2%5.4%18.2%0.0%18.9%1.9%-0.0%114.1M-3.61B-16.6M0.472.2173,20634,6261,691,2202,260,789
2024-05-17$39.22$35.0018.5%5.2%15.8%0.0%17.9%1.7%-0.3%69.4M-3.65B-16.3M0.422.35100,87042,3621,705,3562,274,672
2024-05-20$38.88$35.0018.4%5.3%14.4%0.0%19.7%1.4%1.0%65.3M-2.74B-16.7M0.732.6346,62633,9441,505,2441,986,783
2024-05-21$39.55$35.0018.8%5.4%14.8%2.2%19.4%1.6%0.5%79.4M-3.12B-16.2M0.862.6156,72748,9971,515,7401,999,904
2024-05-22$39.64$35.0019.3%5.5%14.8%5.0%19.8%1.6%0.2%77.8M-3.12B-17.1M0.993.1943,22142,8061,525,8242,023,716
2024-05-23$39.09$35.0020.4%5.8%15.0%11.7%20.5%1.5%0.9%58.8M-2.81B-16.7M0.833.0995,61578,9331,532,6862,035,986
2024-05-24$39.69$35.0019.3%5.5%15.7%5.1%19.3%1.4%0.9%88.9M-3.25B-16.2M0.732.6964,59347,1801,575,2352,055,298
2024-05-28$39.30$35.0021.2%5.8%15.8%16.6%20.8%1.6%-1.3%69.0M-2.92B-16.4M1.202.6762,54175,1661,542,5822,030,616
2024-05-29$38.83$35.0021.7%6.0%15.8%19.6%21.4%2.0%-0.3%52.7M-2.57B-17.0M0.742.9578,80058,3631,564,4312,070,818
2024-05-30$38.52$35.0022.5%6.3%16.2%24.2%22.5%2.4%-0.4%43.1M-2.35B-18.0M1.6016.3489,123142,5141,595,3852,090,761
2024-05-31$39.80$35.0022.0%6.1%19.0%21.0%22.3%1.8%-0.7%93.6M-3.30B-16.6M0.922.66102,57594,4121,609,9922,120,535