BAC Options History — July 2025

In July 2025, BAC traded between $45.98 and $49.03. ATM implied volatility averaged 23.2%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 4.8% (HV 20d: 18.4%). Max pain ranged from $44.00 to $45.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.92.

Notable Days

2025-07-16: Highest Volume — 354,610 contracts
2025-07-16: Largest IV drop — 20.2% change
2025-07-14: Highest IV Rank — 18.4%
2025-07-02: Largest Expected Move — 8.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.61	$45.98	$49.03	$48.19	$47.45
Max Pain	$44.91	$44.00	$45.00	$44.00	$45.00
ATM IV	23.2%	19.7%	27.4%	25.8%	22.2%
Expected Move	6.6%	5.6%	8.2%	8.1%	6.3%
HV 20d	18.4%	15.7%	20.6%	16.4%	16.2%
HV 60d	22.2%	18.3%	33.7%	33.7%	18.4%
IV Rank	9.4%	1.8%	18.4%	15.0%	7.3%
IV Percentile	31.5%	2.4%	69.8%	56.0%	23.0%
Term Structure	-0.2%	-0.9%	0.8%	-0.6%	0.3%
VWIV	23.9%	19.4%	29.7%	29.0%	22.7%
Skew 25d	3.0%	2.2%	3.9%	3.1%	2.9%
Skew 10d	7.5%	4.9%	9.5%	8.8%	7.5%
Call IV 25d	22.1%	18.6%	25.9%	24.6%	21.0%
Put IV 25d	25.1%	21.6%	29.8%	27.7%	23.9%
Bid-Ask Spread %	7.74	2.08	36.18	2.91	25.26
Gamma HHI	0.10	0.07	0.22	0.08	0.11
Net GEX	56.0M	16.4M	118.6M	66.5M	30.4M
Net DEX	-1.97B	-2.96B	-1.29B	-2.54B	-1.52B
Net VEX	-18.8M	-19.4M	-18.1M	-19.4M	-18.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.92	0.33	2.55	0.99	1.25
Total Volume	162,094.545	48,771	354,610	200,596	102,413
Total OI	2,729,079.273	2,471,047	3,004,501	2,769,842	2,602,331

Daily Data (22 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
2025-07-01	$48.19	$44.00	25.8%	8.1%	16.4%	15.0%	29.0%	3.1%	-0.6%	66.5M	-2.54B	-19.4M	0.99	2.91	100,834	99,762	1,164,094	1,605,748
2025-07-02	$48.66	$44.00	25.5%	8.2%	16.1%	14.3%	29.7%	3.0%	-0.7%	73.3M	-2.80B	-19.2M	1.13	4.22	94,164	106,867	1,191,280	1,660,537
2025-07-03	$49.03	$45.00	25.2%	7.0%	15.7%	13.8%	27.2%	2.9%	-0.6%	118.6M	-2.96B	-18.4M	0.46	4.30	85,082	38,805	1,187,746	1,714,104
2025-07-07	$48.47	$45.00	27.1%	7.5%	16.7%	17.7%	27.7%	3.4%	-0.5%	56.8M	-2.45B	-19.0M	2.55	5.14	62,366	159,035	1,152,031	1,613,569
2025-07-08	$47.33	$45.00	26.9%	7.5%	19.0%	17.4%	26.8%	3.5%	-0.7%	36.2M	-1.93B	-18.8M	1.20	3.18	97,200	116,360	1,172,207	1,605,565
2025-07-09	$46.83	$45.00	25.6%	7.1%	19.6%	14.6%	27.1%	3.4%	-0.7%	26.2M	-1.62B	-19.3M	0.73	3.97	70,506	51,652	1,193,051	1,631,099
2025-07-10	$46.89	$45.00	25.5%	7.1%	19.6%	14.4%	25.1%	3.1%	-0.8%	35.1M	-1.73B	-18.9M	0.45	4.21	68,627	30,977	1,207,079	1,641,832
2025-07-11	$46.77	$45.00	25.7%	7.2%	19.3%	14.9%	26.5%	3.3%	-0.9%	31.6M	-1.66B	-19.1M	1.00	3.38	74,496	74,714	1,219,552	1,647,537
2025-07-14	$46.95	$45.00	27.4%	7.8%	19.2%	18.4%	27.9%	3.9%	-0.8%	42.6M	-1.76B	-19.3M	1.31	3.70	77,635	101,606	1,176,981	1,555,025
2025-07-15	$46.16	$45.00	26.4%	7.5%	19.7%	16.4%	27.2%	3.2%	-0.8%	20.8M	-1.42B	-18.8M	1.32	2.63	119,902	158,067	1,220,095	1,624,851
2025-07-16	$45.98	$45.00	21.1%	6.0%	19.5%	4.8%	21.7%	3.3%	0.2%	16.4M	-1.29B	-18.9M	0.80	2.30	197,477	157,133	1,251,449	1,679,714
2025-07-17	$46.97	$45.00	20.7%	5.9%	20.6%	3.9%	21.4%	2.6%	0.1%	91.4M	-2.00B	-18.3M	0.52	3.84	164,885	85,654	1,267,195	1,705,121
2025-07-18	$47.25	$45.00	20.9%	6.0%	19.7%	4.4%	21.2%	2.4%	0.3%	85.4M	-2.09B	-19.1M	0.33	2.08	151,309	49,928	1,277,198	1,727,303
2025-07-21	$47.47	$45.00	20.7%	5.8%	19.5%	4.0%	20.5%	2.3%	0.1%	51.5M	-1.68B	-18.8M	0.64	3.00	73,897	47,484	1,072,926	1,398,121
2025-07-22	$47.84	$45.00	20.5%	5.8%	19.2%	3.5%	20.8%	2.4%	0.1%	61.8M	-1.91B	-18.5M	0.78	2.34	50,647	39,532	1,091,474	1,412,857
2025-07-23	$48.16	$45.00	20.7%	5.9%	18.8%	4.1%	20.6%	3.0%	0.2%	73.3M	-2.08B	-18.3M	0.85	2.17	57,539	48,682	1,103,474	1,428,589
2025-07-24	$48.47	$45.00	21.1%	5.9%	18.9%	4.9%	20.8%	2.2%	0.0%	86.7M	-2.24B	-18.3M	0.92	2.49	97,515	90,006	1,116,177	1,445,542
2025-07-25	$48.53	$45.00	19.7%	5.7%	18.4%	1.8%	19.4%	3.1%	0.2%	76.9M	-2.20B	-18.4M	0.46	3.58	111,894	51,880	1,131,505	1,482,989
2025-07-28	$48.20	$45.00	20.0%	5.6%	18.1%	2.4%	20.0%	2.6%	0.8%	58.3M	-1.94B	-18.1M	0.83	22.78	31,587	26,370	1,099,855	1,438,994
2025-07-29	$47.91	$45.00	20.4%	5.8%	18.3%	3.3%	20.4%	2.5%	0.0%	49.4M	-1.80B	-18.4M	0.94	26.67	25,109	23,662	1,104,788	1,447,796
2025-07-30	$47.84	$45.00	21.5%	6.2%	16.4%	5.7%	21.9%	2.8%	0.4%	43.3M	-1.72B	-18.8M	0.74	36.18	53,463	39,357	1,110,805	1,459,558
2025-07-31	$47.45	$45.00	22.2%	6.3%	16.2%	7.3%	22.7%	2.9%	0.3%	30.4M	-1.52B	-18.8M	1.25	25.26	45,529	56,884	1,131,530	1,470,801