BAC Options History — April 2025

In April 2025, BAC traded between $34.41 and $41.77. ATM implied volatility averaged 39.5%, placing in the 53.8% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded below realized volatility by 21.0% (HV 20d: 60.5%). Max pain ranged from $40.00 to $44.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.97.

Notable Days

2025-04-04: Highest Volume — 500,652 contracts
2025-04-03: Largest IV spike — 32.7% change
2025-04-03: Highest IV Rank — 100.0%
2025-04-08: Largest Expected Move — 17.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$37.88	$34.41	$41.77	$41.52	$39.59
Max Pain	$41.48	$40.00	$44.00	$44.00	$40.00
ATM IV	39.5%	27.9%	65.1%	33.0%	29.0%
Expected Move	11.1%	8.3%	17.6%	9.0%	8.8%
HV 20d	60.5%	28.2%	69.0%	28.7%	67.6%
HV 60d	40.9%	26.3%	44.9%	26.3%	44.9%
IV Rank	53.8%	20.3%	100.0%	82.0%	22.6%
IV Percentile	93.4%	74.2%	100.0%	98.8%	79.4%
Term Structure	-1.2%	-3.3%	0.9%	-0.7%	0.9%
VWIV	38.3%	28.7%	56.6%	31.4%	32.0%
Skew 25d	10.4%	5.3%	20.7%	5.6%	6.6%
Skew 10d	22.3%	10.4%	42.9%	12.3%	14.1%
Call IV 25d	34.5%	25.2%	53.7%	30.7%	26.5%
Put IV 25d	45.0%	30.5%	73.6%	36.4%	33.1%
Bid-Ask Spread %	2.84	1.98	4.63	2.71	2.20
Gamma HHI	0.06	0.05	0.07	0.05	0.06
Net GEX	-12.9M	-36.2M	11.6M	2.9M	-41.7K
Net DEX	803.4M	-247.8M	2.09B	-17.5M	10.1M
Net VEX	-17.9M	-19.5M	-15.0M	-17.6M	-19.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.97	0.55	1.58	1.32	1.58
Total Volume	238,686.429	104,886	500,652	104,886	145,176
Total OI	2,876,319.857	2,479,023	3,173,467	2,479,023	2,973,829

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
2025-04-01	$41.52	$44.00	33.0%	9.0%	28.7%	82.0%	31.4%	5.6%	-0.7%	2.9M	-17.5M	-17.6M	1.32	2.71	45,245	59,641	1,149,089	1,329,934
2025-04-02	$41.77	$44.00	32.6%	8.8%	28.2%	79.6%	31.1%	5.5%	-1.2%	6.8M	-123.8M	-17.6M	0.83	2.50	63,561	52,832	1,162,586	1,365,308
2025-04-03	$37.16	$44.00	43.2%	11.5%	49.8%	100.0%	39.5%	8.9%	-2.3%	-34.4M	1.55B	-16.0M	1.25	2.22	195,132	243,913	1,194,528	1,394,568
2025-04-04	$34.66	$43.00	53.6%	14.3%	54.7%	100.0%	50.2%	17.2%	-2.2%	-36.2M	2.09B	-15.0M	1.04	3.80	245,897	254,755	1,259,745	1,454,600
2025-04-07	$35.31	$42.00	59.1%	15.8%	54.2%	100.0%	56.6%	18.3%	-3.1%	-26.9M	1.75B	-16.7M	1.04	4.39	151,407	158,165	1,237,326	1,480,296
2025-04-08	$34.41	$42.00	65.1%	17.6%	54.6%	100.0%	56.4%	19.9%	-3.0%	-27.5M	1.94B	-16.5M	0.68	3.42	151,542	103,783	1,269,812	1,545,254
2025-04-09	$37.30	$42.00	44.3%	12.1%	62.8%	55.3%	43.1%	12.3%	-2.1%	-25.0M	1.26B	-17.6M	1.13	4.28	192,451	217,359	1,309,369	1,559,279
2025-04-10	$35.32	$42.00	58.7%	16.1%	65.4%	86.2%	48.7%	20.7%	-3.3%	-25.6M	1.70B	-17.4M	1.13	4.63	180,035	203,451	1,380,960	1,635,541
2025-04-11	$35.95	$42.00	45.4%	12.8%	64.6%	57.8%	44.4%	15.6%	-1.4%	-25.5M	1.61B	-17.5M	1.16	2.35	104,062	120,520	1,446,583	1,686,332
2025-04-14	$36.84	$42.00	38.2%	10.9%	64.9%	42.3%	41.0%	11.3%	-1.1%	-26.0M	1.29B	-17.4M	0.91	2.68	118,523	107,671	1,371,109	1,608,340
2025-04-15	$37.97	$42.00	32.9%	9.4%	66.1%	31.0%	31.0%	8.7%	-0.2%	-10.4M	852.4M	-17.8M	0.55	2.80	248,651	136,052	1,419,551	1,643,693
2025-04-16	$37.13	$41.00	37.8%	10.8%	65.8%	41.4%	34.0%	9.9%	-0.9%	-23.2M	1.09B	-17.9M	1.07	2.27	120,444	129,415	1,477,249	1,652,260
2025-04-17	$37.56	$41.00	32.9%	9.4%	66.0%	30.9%	33.5%	9.2%	-0.2%	-17.4M	888.9M	-18.0M	0.87	2.43	105,896	92,359	1,506,153	1,667,314
2025-04-21	$36.77	$40.00	37.4%	10.9%	66.2%	40.5%	38.6%	9.1%	-1.1%	-25.0M	1.08B	-17.7M	0.71	1.98	78,482	56,062	1,229,866	1,525,195
2025-04-22	$38.41	$40.00	35.6%	10.0%	68.3%	36.7%	36.9%	8.4%	-1.3%	-9.2M	378.3M	-18.9M	0.96	2.40	86,193	82,424	1,266,174	1,549,265
2025-04-23	$38.83	$40.00	33.6%	9.8%	68.4%	32.4%	34.0%	7.7%	-1.0%	-1.6M	172.0M	-19.1M	0.84	3.01	110,740	93,521	1,301,672	1,578,585
2025-04-24	$39.64	$40.00	30.3%	9.1%	69.0%	25.4%	30.9%	6.8%	-0.7%	11.6M	-166.1M	-19.5M	1.19	2.26	69,948	82,980	1,329,503	1,620,605
2025-04-25	$39.55	$40.00	29.3%	8.8%	69.0%	23.2%	30.3%	6.5%	-0.8%	8.1M	-109.3M	-19.5M	0.63	2.45	106,734	66,728	1,343,225	1,649,105
2025-04-28	$39.80	$40.00	29.1%	8.7%	67.8%	22.8%	30.8%	5.6%	0.7%	2.7M	-140.0M	-19.3M	0.63	2.13	76,501	48,224	1,308,702	1,577,911
2025-04-29	$39.97	$40.00	27.9%	8.3%	67.6%	20.3%	28.7%	5.3%	0.7%	10.1M	-247.8M	-19.1M	0.81	2.75	58,576	47,364	1,339,300	1,603,001
2025-04-30	$39.59	$40.00	29.0%	8.8%	67.6%	22.6%	32.0%	6.6%	0.9%	-41.7K	10.1M	-19.5M	1.58	2.20	56,308	88,868	1,342,882	1,630,947