BAC Options History — August 2025

In August 2025, BAC traded between $45.03 and $50.70. ATM implied volatility averaged 22.8%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 0.8% (HV 20d: 22.0%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.86.

Notable Days

  • 2025-08-01: Highest Volume — 234,900 contracts
  • 2025-08-04: Largest IV drop — 10.9% change
  • 2025-08-01: Highest IV Rank — 14.8%
  • 2025-08-01: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.74$45.03$50.70$45.59$50.70
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV22.8%21.3%25.7%25.7%21.3%
Expected Move6.5%6.0%7.8%7.8%6.0%
HV 20d22.0%18.5%25.0%20.9%18.5%
HV 60d19.4%18.7%20.3%20.3%19.3%
IV Rank8.5%5.3%14.8%14.8%5.3%
IV Percentile27.9%12.7%52.8%52.8%12.7%
Term Structure0.1%-0.4%0.6%0.1%0.6%
VWIV23.3%21.6%27.8%27.8%22.1%
Skew 25d3.6%3.0%5.0%5.0%3.0%
Skew 10d8.1%6.5%11.1%10.3%8.1%
Call IV 25d21.4%20.1%24.3%24.3%20.4%
Put IV 25d25.1%23.3%29.2%29.2%23.3%
Bid-Ask Spread %12.742.1729.6222.242.17
Gamma HHI0.110.060.170.070.13
Net GEX43.2M-17.7M85.2M-883.2K72.6M
Net DEX-1.69B-2.97B-476.8M-640.3M-2.97B
Net VEX-18.7M-19.1M-18.3M-19.1M-18.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.491.521.520.60
Total Volume132,223.52465,364234,900234,900138,331
Total OI2,637,062.5712,440,6152,759,9942,611,4762,754,942

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$45.59$45.0025.7%7.8%20.9%14.8%27.8%5.0%0.1%-883.2K-640.3M-19.1M1.5222.2493,301141,5991,137,7911,473,685
2025-08-04$45.84$45.0022.9%6.5%20.9%8.8%22.7%3.6%-0.4%-3.3M-826.0M-18.8M0.923.3358,46954,0001,093,0971,488,485
2025-08-05$45.55$45.0024.0%6.7%19.4%11.0%24.1%4.3%-0.4%-5.5M-652.7M-19.1M1.263.5563,60480,2091,106,6311,496,324
2025-08-06$45.48$45.0024.1%6.8%19.2%11.4%24.5%3.4%-0.2%-9.6M-648.7M-19.1M0.708.8946,15632,2891,122,2341,524,599
2025-08-07$45.03$45.0024.1%6.8%19.4%11.4%24.1%3.3%-0.4%-17.7M-476.8M-18.7M0.7312.7659,20643,1681,146,5331,530,739
2025-08-08$45.97$45.0023.0%6.5%21.0%8.9%23.4%3.5%-0.4%57.8M-983.0M-18.9M0.932.1786,85780,4311,173,6611,527,970
2025-08-11$46.19$45.0023.7%6.7%21.0%10.5%24.5%4.0%-0.1%14.8M-1.07B-18.7M1.162.5144,22151,4831,142,7191,497,909
2025-08-12$47.44$45.0022.2%6.4%22.2%7.3%21.7%3.8%0.0%53.2M-1.73B-18.4M0.523.11101,40753,0041,162,3231,525,223
2025-08-13$47.20$45.0022.0%6.3%22.3%6.9%21.7%3.8%0.1%44.0M-1.54B-18.8M1.005.3148,24048,3541,167,6861,532,383
2025-08-14$47.61$45.0022.1%6.3%21.2%6.9%21.6%3.6%0.0%54.1M-1.80B-18.5M0.8811.1861,13154,0401,176,7721,556,609
2025-08-15$47.00$45.0022.0%6.4%21.6%6.8%21.9%3.7%0.3%60.1M-1.44B-18.4M0.739.7683,92061,5631,190,4811,569,513
2025-08-18$47.94$45.0022.4%6.4%22.7%7.7%23.0%4.3%0.0%36.5M-1.67B-18.7M0.6915.1288,98261,1091,046,3401,394,275
2025-08-19$48.00$45.0023.2%6.6%22.5%9.3%23.7%3.4%0.0%47.5M-1.79B-18.7M0.4918.7143,90721,4571,092,9311,423,181
2025-08-20$48.47$45.0022.8%6.5%22.7%8.5%22.9%3.5%0.5%60.9M-2.03B-18.5M1.0414.9243,92545,5211,103,8551,429,232
2025-08-21$48.20$45.0023.8%6.8%22.7%10.6%23.9%3.6%0.1%53.1M-1.82B-19.0M1.1621.5353,13861,7711,110,3971,446,742
2025-08-22$49.64$45.0021.4%6.2%25.0%5.5%21.6%4.0%-0.3%68.9M-2.56B-18.5M0.6118.25132,53280,3441,132,4311,486,152
2025-08-25$49.64$45.0021.7%6.3%24.8%6.0%23.9%3.3%0.5%69.3M-2.40B-18.7M0.5017.53111,36555,5371,119,3611,465,891
2025-08-26$50.14$45.0022.1%6.3%24.8%7.1%23.6%3.0%0.5%85.2M-2.70B-18.8M0.7620.0972,10555,0211,151,3561,497,088
2025-08-27$50.48$45.0022.6%6.5%24.8%8.1%23.7%3.3%0.2%85.1M-2.85B-18.6M0.7324.7091,53467,2041,157,0571,517,085
2025-08-28$50.50$45.0021.8%6.2%24.5%6.4%22.3%3.2%0.4%81.7M-2.80B-18.9M1.0629.6251,69654,5631,155,6581,550,973
2025-08-29$50.70$45.0021.3%6.0%18.5%5.3%22.1%3.0%0.6%72.6M-2.97B-18.3M0.602.1786,35251,9791,165,7241,589,218