BAC Options History — October 2025

In October 2025, BAC traded between $48.76 and $53.55. ATM implied volatility averaged 28.4%, placing in the 20.7% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 5.5% (HV 20d: 22.9%). Max pain ranged from $47.00 to $49.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.63.

Notable Days

2025-10-15: Highest Volume — 443,260 contracts
2025-10-16: Largest IV spike — 24.9% change
2025-10-16: Highest IV Rank — 34.4%
2025-10-16: Largest Expected Move — 9.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.20	$48.76	$53.55	$50.71	$53.55
Max Pain	$48.17	$47.00	$49.00	$48.00	$49.00
ATM IV	28.4%	24.6%	34.8%	27.8%	25.7%
Expected Move	8.2%	7.3%	9.6%	9.0%	7.8%
HV 20d	22.9%	14.2%	29.8%	17.4%	28.6%
HV 60d	20.9%	18.5%	23.6%	18.8%	21.9%
IV Rank	20.7%	12.5%	34.4%	19.4%	14.7%
IV Percentile	71.8%	44.4%	94.8%	72.6%	50.8%
Term Structure	-0.6%	-2.7%	1.1%	0.1%	1.1%
VWIV	28.6%	24.9%	33.4%	31.6%	27.2%
Skew 25d	3.9%	3.0%	5.8%	3.0%	3.9%
Skew 10d	8.2%	6.4%	10.9%	8.2%	8.4%
Call IV 25d	26.9%	23.3%	32.5%	27.2%	24.2%
Put IV 25d	30.8%	27.1%	38.3%	30.2%	28.1%
Bid-Ask Spread %	4.37	2.39	8.30	2.39	5.34
Gamma HHI	0.13	0.07	0.47	0.11	0.47
Net GEX	88.1M	-2.1M	415.3M	25.2M	415.3M
Net DEX	-2.33B	-3.73B	-1.21B	-2.02B	-3.73B
Net VEX	-19.4M	-20.3M	-18.4M	-19.0M	-18.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.63	0.24	1.08	0.78	0.31
Total Volume	163,226.304	87,966	443,260	134,017	168,747
Total OI	2,766,630.522	2,594,127	2,946,318	2,595,851	2,909,887

Daily Data (23 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
2025-10-01	$50.71	$48.00	27.8%	9.0%	17.4%	19.4%	31.6%	3.0%	0.1%	25.2M	-2.02B	-19.0M	0.78	2.39	75,341	58,676	1,101,620	1,494,231
2025-10-02	$50.47	$48.00	28.6%	8.9%	16.8%	21.0%	31.2%	3.4%	0.1%	16.6M	-1.84B	-19.5M	1.08	2.47	53,290	57,734	1,121,165	1,520,066
2025-10-03	$50.72	$48.00	27.9%	8.9%	15.4%	19.5%	31.2%	3.0%	0.2%	32.8M	-2.07B	-19.0M	0.80	2.63	48,975	38,991	1,133,006	1,524,384
2025-10-06	$50.36	$47.00	29.3%	8.2%	15.5%	22.6%	28.5%	3.5%	-0.6%	27.5M	-1.90B	-19.3M	0.96	2.47	47,314	45,615	1,089,501	1,504,626
2025-10-07	$50.25	$47.00	29.7%	8.2%	14.5%	23.4%	29.8%	3.1%	-0.5%	27.2M	-1.88B	-19.2M	0.59	2.98	59,931	35,612	1,103,546	1,522,810
2025-10-08	$49.86	$48.00	31.4%	8.4%	14.7%	27.0%	31.7%	3.3%	-1.1%	21.3M	-1.68B	-19.5M	0.91	2.59	83,586	75,846	1,132,118	1,533,962
2025-10-09	$49.80	$48.00	31.0%	8.4%	14.2%	26.3%	29.4%	3.4%	-0.8%	31.4M	-1.76B	-19.3M	0.79	2.71	79,261	62,596	1,179,047	1,544,273
2025-10-10	$48.76	$48.00	33.1%	9.2%	15.9%	30.7%	31.4%	5.1%	-1.8%	-2.1M	-1.21B	-20.3M	0.91	4.87	89,765	81,431	1,219,444	1,560,757
2025-10-13	$49.05	$48.00	32.4%	8.6%	16.1%	29.3%	30.2%	3.5%	-2.2%	28.6M	-1.38B	-19.9M	0.60	3.40	79,923	47,799	1,175,902	1,521,059
2025-10-14	$49.97	$47.00	31.4%	8.6%	17.6%	27.1%	29.7%	4.9%	-1.0%	50.7M	-1.83B	-19.7M	0.57	5.03	143,487	81,819	1,196,970	1,540,949
2025-10-15	$52.33	$47.00	27.8%	7.6%	23.7%	19.4%	27.4%	3.8%	-1.4%	125.7M	-3.10B	-18.4M	0.30	4.50	340,724	102,536	1,237,947	1,572,349
2025-10-16	$50.25	$47.00	34.8%	9.6%	27.4%	34.4%	33.4%	5.8%	-1.5%	53.6M	-1.91B	-20.2M	0.81	7.49	140,680	114,043	1,284,751	1,589,870
2025-10-17	$51.39	$48.00	28.1%	7.6%	28.5%	19.9%	27.9%	4.9%	-2.7%	93.4M	-2.48B	-20.1M	0.82	3.85	183,550	149,721	1,321,979	1,624,339
2025-10-20	$52.04	$48.00	26.0%	7.3%	28.6%	15.4%	25.5%	4.5%	-0.3%	77.3M	-2.53B	-19.3M	0.61	4.35	85,184	51,687	1,212,678	1,505,875
2025-10-21	$51.51	$49.00	25.8%	7.4%	28.7%	15.1%	25.7%	3.7%	-1.1%	66.0M	-2.28B	-19.3M	0.49	5.29	60,667	30,007	1,227,707	1,528,291
2025-10-22	$51.02	$49.00	27.7%	7.9%	28.9%	19.2%	27.0%	4.9%	-0.6%	48.9M	-1.94B	-19.9M	0.69	4.51	83,198	57,103	1,236,812	1,530,366
2025-10-23	$51.73	$49.00	26.4%	7.6%	29.3%	16.3%	26.2%	3.5%	-0.7%	83.6M	-2.40B	-19.7M	0.35	4.91	120,896	42,276	1,269,171	1,540,198
2025-10-24	$52.47	$49.00	25.2%	7.3%	29.6%	13.7%	24.9%	3.2%	-0.2%	133.4M	-2.91B	-19.1M	0.24	4.85	179,487	43,578	1,278,525	1,552,152
2025-10-27	$53.03	$49.00	25.8%	7.6%	29.8%	14.9%	26.1%	3.2%	0.0%	159.8M	-3.30B	-18.9M	0.34	5.17	94,323	32,064	1,325,778	1,516,076
2025-10-28	$52.72	$49.00	24.6%	7.7%	29.1%	12.5%	25.9%	4.3%	0.8%	164.0M	-3.12B	-19.1M	0.42	5.29	65,020	27,420	1,347,070	1,523,621
2025-10-29	$52.50	$49.00	27.1%	8.1%	28.5%	17.8%	28.0%	4.3%	0.5%	148.6M	-2.98B	-19.1M	0.70	8.30	59,331	41,744	1,354,225	1,534,179
2025-10-30	$53.00	$49.00	26.6%	8.0%	28.5%	16.8%	27.9%	4.1%	0.8%	197.0M	-3.30B	-18.9M	0.46	5.20	91,015	42,212	1,362,272	1,526,948
2025-10-31	$53.55	$49.00	25.7%	7.8%	28.6%	14.7%	27.2%	3.9%	1.1%	415.3M	-3.73B	-18.6M	0.31	5.34	128,879	39,868	1,372,882	1,537,005