Bank of America Corporation (BAC) Options Greeks
Options Greeks measure sensitivity to various factors: Delta (price), Gamma (delta change), Theta (time decay), and Vega (volatility). They are essential for risk management and position sizing.
Bank of America Corporation (BAC) operates in the Financial Services sector, specifically the Banks - Diversified industry, with a market capitalization near $366.18B, listed on NYSE, employing roughly 213,000 people, carrying a beta of 1.22 to the broader market. Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Led by Brian Thomas Moynihan, public since 1973-02-21.
Snapshot as of May 29, 2026.
- Spot Price
- $51.56
- Net Gamma
- $28.2M
- Net Delta
- -$1.08B
- Net Vega
- -$18.2M
- ATM IV
- 25.0%
- Gamma Concentration
- 0.09
As of May 29, 2026, Bank of America Corporation (BAC) aggregate Greeks are net delta -$1.08B, net gamma $28.2M, net vega -$18.2M, ATM IV 25.0%. Gamma concentration is 0.09: gamma is more dispersed, reducing any single-strike pinning force. Delta measures directional exposure, gamma measures the rate of delta change, and vega measures sensitivity to implied volatility. Net aggregate Greeks summarize the total dealer book across all strikes and expirations.
How BAC options greeks Data Feeds Strategy Selection
Strategy selection on Bank of America Corporation options does not derive from any single metric in isolation. The options greeks view above sits inside a broader read: ATM IV currently sits at 25.0% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options greeks data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the BAC Greeks profile
The chart above shows per-strike dealer-Greek exposures aggregated across calls and puts for the front expiration. Current net dealer gamma is $28.2M - a positive (mean-reverting) hedging regime. Net dealer delta of -$1.08B indicates short-delta dealer book - dealers are net short the underlying. Net vega of -$18.2M measures dealer P&L sensitivity to IV shifts - a 1-point IV move shifts book value by approximately $18.2M.
BAC Greeks regime and dealer hedging
Aggregate dealer Greeks compress 4 sensitivities (delta, gamma, theta, vega) into a single read on hedging behavior. In the current positive-gamma regime, dealer hedging is structurally mean-reverting: as BAC moves higher, dealers sell into rallies; as it moves lower, dealers buy into dips. This is the mechanical basis for the "pin to max pain" pattern. Gamma decays as expiration approaches; near-dated Greek exposures dominate the hedging flow.
Using BAC Greeks data for strategy selection
The Greeks profile is the input to most quantitative options strategies. Premium-selling structures (covered calls, iron condors, cash-secured puts) are negative-gamma, positive-theta, negative-vega - they pay you for being patient about realized volatility but get hit when realized exceeds implied. Premium-buying structures (long calls, long puts, long straddles, ratio backspreads) are positive-gamma, negative-theta, positive-vega - they pay you when realized exceeds implied but bleed time decay otherwise. With BAC IV rank at 27.5%, premium-buying has structural tailwind from cheap implied; pair with a directional thesis or event catalyst. Combine the regime read with the Greeks decomposition on this page to size structures correctly.
Learn how options Greeks is reported and how to read the data →
BAC largest gamma exposure contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| PUT | $47.00 | Jun 18, 2026 | 1.6K | 109.9K | 28.9% | $0.15 | $0.16 |
| CALL | $55.00 | Jun 18, 2026 | 2.4K | 81.9K | 25.8% | $0.19 | $0.20 |
Top 2 contracts from the institutional-grade nightly options scan; ranked by gex within the broader S&P 500/400/600 + ETF universe.
Frequently asked BAC options greeks questions
- What are the BAC aggregate Greek exposures?
- As of May 29, 2026, Bank of America Corporation (BAC) snapshot Greeks are net delta -$1.08B, net gamma $28.2M, net vega -$18.2M. These aggregate the dealer book across all listed strikes and expirations under the standard customer-versus-dealer sign convention.
- What does the BAC net dealer delta tell us?
- Net dealer delta of -$1.08B represents the directional exposure dealers carry from their option inventory. Dealers continuously hedge this exposure with stock, futures, or correlated instruments, so the size of net delta is also the size of hedge flow that will execute as spot moves.
- How do BAC Greeks inform hedging?
- Delta tracks first-order directional exposure; gamma tracks how quickly delta changes; vega tracks IV sensitivity. Aggregated dealer Greeks let traders read the dealer-positioning regime: long-gamma regimes mean-revert moves; short-gamma regimes amplify them. Vega exposure indicates how dealer P&L responds to vol shocks and hence the direction of vol-shock hedging flows.