BAC Options History — March 2025

In March 2025, BAC traded between $39.61 and $45.36. ATM implied volatility averaged 31.1%, placing in the 72.0% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 1.2% (HV 20d: 32.3%). Max pain ranged from $42.00 to $44.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.84.

Notable Days

2025-03-04: Highest Volume — 288,805 contracts
2025-03-10: Largest IV spike — 15.5% change
2025-03-10: Highest IV Rank — 100.0%
2025-03-10: Largest Expected Move — 12.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.84	$39.61	$45.36	$45.36	$41.78
Max Pain	$43.33	$42.00	$44.00	$43.00	$44.00
ATM IV	31.1%	28.2%	36.2%	28.3%	32.2%
Expected Move	9.0%	7.5%	12.1%	8.5%	8.7%
HV 20d	32.3%	22.3%	35.3%	22.3%	34.5%
HV 60d	24.8%	20.8%	26.4%	20.8%	26.4%
IV Rank	72.0%	54.8%	100.0%	58.0%	77.3%
IV Percentile	94.4%	84.9%	100.0%	91.7%	96.0%
Term Structure	-0.1%	-1.7%	2.9%	1.6%	-0.9%
VWIV	31.3%	26.2%	42.5%	29.6%	31.0%
Skew 25d	5.0%	4.1%	7.0%	4.1%	5.3%
Skew 10d	10.4%	8.3%	15.1%	9.2%	11.5%
Call IV 25d	28.8%	25.6%	33.1%	26.4%	29.5%
Put IV 25d	33.8%	29.8%	40.2%	30.5%	34.7%
Bid-Ask Spread %	2.46	1.82	3.13	2.74	2.31
Gamma HHI	0.06	0.05	0.07	0.07	0.06
Net GEX	3.9M	-26.3M	58.3M	58.3M	5.4M
Net DEX	-50.3M	-1.29B	877.3M	-1.29B	-139.4M
Net VEX	-16.9M	-17.7M	-15.9M	-16.7M	-17.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.84	0.41	1.85	0.64	1.34
Total Volume	169,270.905	81,822	288,805	185,400	126,026
Total OI	2,593,555.429	2,319,111	2,834,434	2,463,883	2,442,750

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-03-03	$45.36	$43.00	28.3%	8.5%	22.3%	58.0%	29.6%	4.1%	1.6%	58.3M	-1.29B	-16.7M	0.64	2.74	112,852	72,548	1,181,960	1,281,923
2025-03-04	$42.91	$43.00	31.2%	9.7%	29.5%	75.0%	34.1%	5.1%	-0.3%	-3.4M	-83.0M	-16.7M	0.67	3.13	173,103	115,702	1,209,438	1,312,303
2025-03-05	$42.22	$43.00	29.8%	9.1%	29.3%	66.7%	31.6%	4.5%	0.1%	-9.4M	157.6M	-16.2M	0.63	2.44	148,252	93,322	1,261,832	1,332,693
2025-03-06	$41.34	$43.00	33.0%	10.2%	29.6%	85.7%	35.1%	4.9%	-0.5%	-20.5M	535.9M	-16.7M	0.46	2.33	169,785	77,315	1,298,605	1,369,477
2025-03-07	$41.34	$43.50	31.4%	9.6%	28.6%	76.0%	33.5%	4.9%	-0.4%	-15.6M	473.3M	-16.4M	1.20	2.27	97,344	116,948	1,315,468	1,391,184
2025-03-10	$39.71	$43.00	36.2%	12.1%	30.9%	100.0%	42.5%	7.0%	1.5%	-26.0M	877.3M	-15.9M	0.97	2.85	94,338	91,738	1,204,942	1,351,826
2025-03-11	$39.75	$43.00	34.8%	11.7%	30.9%	92.4%	41.1%	6.5%	1.8%	-24.8M	841.3M	-16.1M	0.95	2.36	101,580	96,693	1,237,661	1,369,655
2025-03-12	$39.97	$43.00	32.0%	10.4%	31.0%	76.5%	36.2%	6.1%	2.6%	-23.4M	781.9M	-16.4M	0.62	1.82	86,363	53,504	1,266,664	1,387,994
2025-03-13	$39.61	$42.50	32.9%	10.3%	30.8%	81.1%	35.7%	5.3%	2.3%	-26.3M	832.8M	-16.2M	0.53	2.42	127,223	66,794	1,296,569	1,386,390
2025-03-14	$40.83	$42.00	29.6%	8.7%	33.3%	62.6%	30.4%	4.8%	2.9%	1.2M	227.0M	-17.0M	0.96	2.99	102,525	98,408	1,359,989	1,387,740
2025-03-17	$41.61	$43.00	30.1%	8.1%	33.9%	65.6%	28.7%	5.0%	-1.2%	7.2M	-79.0M	-17.0M	0.47	2.53	105,527	49,563	1,319,158	1,365,444
2025-03-18	$41.61	$43.00	32.1%	8.4%	33.9%	76.7%	28.7%	5.3%	-1.7%	10.5M	-140.9M	-17.5M	0.95	2.42	41,900	39,922	1,354,567	1,383,073
2025-03-19	$42.45	$44.00	30.7%	8.1%	35.1%	69.1%	28.0%	4.6%	-1.5%	27.6M	-547.0M	-17.4M	0.44	2.51	80,438	35,157	1,360,853	1,399,935
2025-03-20	$42.48	$43.00	30.8%	8.1%	34.9%	69.7%	27.0%	4.7%	-1.7%	30.3M	-569.1M	-17.3M	1.01	2.42	66,237	66,893	1,373,551	1,414,288
2025-03-21	$42.50	$44.00	29.9%	8.0%	34.8%	64.7%	27.6%	4.3%	-1.5%	20.9M	-524.4M	-17.5M	0.41	2.24	91,211	37,725	1,391,491	1,442,943
2025-03-24	$43.11	$44.00	28.2%	7.5%	35.3%	54.8%	26.4%	4.2%	-0.8%	21.2M	-714.6M	-17.0M	0.55	2.56	93,659	51,802	1,065,075	1,254,036
2025-03-25	$43.34	$44.00	28.2%	7.6%	35.1%	55.2%	26.2%	4.3%	-0.9%	31.4M	-826.5M	-17.4M	0.93	2.38	45,900	42,570	1,101,459	1,276,450
2025-03-26	$42.84	$44.00	29.1%	7.8%	35.3%	60.1%	27.0%	4.5%	-0.9%	19.8M	-556.6M	-17.7M	1.85	2.15	46,862	86,695	1,110,084	1,295,117
2025-03-27	$42.80	$44.00	29.4%	7.9%	35.3%	62.0%	27.7%	4.7%	-1.1%	14.2M	-538.0M	-17.4M	0.93	2.28	49,509	45,953	1,123,310	1,312,842
2025-03-28	$41.17	$44.00	33.0%	8.9%	33.8%	81.8%	29.3%	5.1%	-1.3%	-16.0M	222.4M	-17.5M	1.06	2.42	123,639	131,164	1,143,796	1,330,129
2025-03-31	$41.78	$44.00	32.2%	8.7%	34.5%	77.3%	31.0%	5.3%	-0.9%	5.4M	-139.4M	-17.5M	1.34	2.31	53,812	72,214	1,132,058	1,310,692