BAC Options History — February 2025

In February 2025, BAC traded between $44.00 and $47.77. ATM implied volatility averaged 23.4%, placing in the 29.2% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 5.6% (HV 20d: 17.8%). Max pain ranged from $42.00 to $45.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.71.

Notable Days

  • 2025-02-28: Highest Volume — 352,804 contracts
  • 2025-02-21: Largest IV spike — 6.7% change
  • 2025-02-27: Highest IV Rank — 44.1%
  • 2025-02-27: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.99$44.00$47.77$46.36$45.92
Max Pain$42.68$42.00$45.00$45.00$43.00
ATM IV23.4%21.6%25.9%24.2%25.3%
Expected Move6.7%6.2%7.6%6.7%7.5%
HV 20d17.8%15.2%22.0%20.3%22.0%
HV 60d19.6%18.5%25.3%25.3%20.8%
IV Rank29.2%18.5%44.1%33.8%40.3%
IV Percentile49.0%25.8%77.8%58.7%71.4%
Term Structure-0.3%-0.9%0.2%-0.9%-0.5%
VWIV23.9%21.8%27.1%24.0%26.2%
Skew 25d2.9%1.8%4.5%3.1%3.3%
Skew 10d7.2%3.4%10.0%10.0%6.9%
Call IV 25d22.2%20.8%24.4%22.8%24.4%
Put IV 25d25.2%22.7%28.2%25.9%27.6%
Bid-Ask Spread %2.311.872.582.582.43
Gamma HHI0.120.060.260.140.08
Net GEX45.1M-60.9M112.1M57.8M62.4M
Net DEX-1.44B-2.35B-499.0M-1.61B-1.46B
Net VEX-15.5M-17.0M-14.7M-14.8M-17.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.311.300.810.58
Total Volume146,003.10556,609352,804111,598352,804
Total OI2,472,455.0532,310,0372,635,7392,392,2002,465,199

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-02-03$46.36$45.0024.2%6.7%20.3%33.8%24.0%3.1%-0.9%57.8M-1.61B-14.8M0.812.5861,55150,0471,097,9031,294,297
2025-02-04$46.81$45.0023.0%6.4%20.2%27.0%22.7%2.8%-0.4%78.9M-1.81B-14.7M0.682.4247,94432,4171,110,0071,308,840
2025-02-05$47.03$45.0023.0%6.4%19.8%26.6%22.3%2.7%-0.2%88.8M-1.92B-15.0M0.512.2254,26227,6591,119,7311,326,749
2025-02-06$47.77$42.0022.5%6.4%20.0%23.7%22.6%2.9%-0.3%112.1M-2.35B-14.8M0.402.50144,12657,1101,140,8321,334,614
2025-02-07$47.50$42.0023.1%6.5%20.2%27.6%23.9%2.7%-0.6%86.7M-2.25B-15.1M0.672.4964,86343,6431,172,9491,348,448
2025-02-10$46.70$42.0022.8%6.5%19.4%25.6%25.9%2.2%-0.2%58.7M-1.74B-15.1M0.962.2438,12936,4211,114,9541,311,153
2025-02-11$46.88$42.0022.5%6.5%19.4%23.7%22.7%2.4%0.1%66.7M-1.83B-15.1M0.652.1434,35122,2581,124,3971,319,168
2025-02-12$46.09$42.0022.9%6.5%19.9%26.1%24.6%2.4%-0.1%38.6M-1.40B-15.6M0.982.2076,81574,9561,131,2351,325,056
2025-02-13$46.44$42.0022.8%6.5%16.0%25.5%24.9%2.6%-0.3%53.1M-1.64B-15.2M0.701.8758,68440,9011,153,9121,358,976
2025-02-14$46.95$42.0023.3%6.6%15.4%28.6%23.6%1.8%-0.4%82.8M-1.96B-15.3M0.392.15205,33279,3391,174,2401,363,055
2025-02-18$46.41$42.0022.2%6.4%15.9%22.3%21.8%1.9%-0.2%72.0M-1.66B-14.8M0.312.22117,38336,4011,199,4461,351,442
2025-02-19$46.03$42.0021.6%6.2%16.2%18.5%21.9%1.9%-0.0%34.0M-1.43B-15.4M0.582.2771,71341,6071,193,5361,366,011
2025-02-20$45.42$42.0022.5%6.5%15.7%24.0%22.0%2.7%-0.4%-5.2M-1.09B-15.7M0.592.1293,07355,2881,207,4661,382,333
2025-02-21$44.88$42.0024.0%7.0%15.6%32.9%24.2%4.5%-0.5%-60.9M-814.4M-15.3M0.662.45150,42899,8471,245,2981,390,441
2025-02-24$44.53$42.0023.4%6.9%15.7%29.0%23.5%3.6%0.2%16.2M-767.5M-15.9M0.852.4692,84779,0391,082,6011,227,436
2025-02-25$44.00$43.0024.9%7.3%15.2%37.9%25.6%4.1%-0.2%3.3M-499.0M-16.4M0.792.3977,93861,8031,114,0291,268,425
2025-02-26$44.05$43.0024.7%7.3%15.3%36.7%24.7%4.2%0.1%7.0M-576.5M-16.3M1.302.3339,60451,5091,130,8881,280,909
2025-02-27$44.05$43.0025.9%7.6%15.3%44.1%27.1%3.8%-0.4%3.6M-557.0M-16.4M1.142.3547,72054,2471,136,9691,303,701
2025-02-28$45.92$43.0025.3%7.5%22.0%40.3%26.2%3.3%-0.5%62.4M-1.46B-17.0M0.582.43223,220129,5841,153,1451,312,054