BAC Options History — November 2025

In November 2025, BAC traded between $51.13 and $54.09. ATM implied volatility averaged 24.7%, placing in the 12.7% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 1.7% (HV 20d: 23.1%). Max pain ranged from $49.00 to $50.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.72.

Notable Days

  • 2025-11-04: Highest Volume — 322,702 contracts
  • 2025-11-05: Largest IV drop — 13.5% change
  • 2025-11-20: Highest IV Rank — 20.5%
  • 2025-11-04: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.77$51.13$54.09$53.52$53.61
Max Pain$49.84$49.00$50.00$49.00$50.00
ATM IV24.7%20.8%28.3%25.9%20.8%
Expected Move7.2%6.2%8.8%8.0%6.2%
HV 20d23.1%18.6%30.0%28.4%19.5%
HV 60d21.7%21.3%22.0%21.6%21.9%
IV Rank12.7%4.1%20.5%15.2%4.1%
IV Percentile45.0%7.9%77.4%54.8%7.9%
Term Structure-0.1%-1.9%1.9%-0.3%0.1%
VWIV25.6%21.6%30.3%28.4%21.6%
Skew 25d4.1%3.1%5.6%4.8%4.1%
Skew 10d8.8%5.2%16.0%9.4%8.2%
Call IV 25d23.1%19.3%26.7%23.7%19.3%
Put IV 25d27.2%23.3%30.6%28.4%23.3%
Bid-Ask Spread %8.563.6230.375.0510.21
Gamma HHI0.130.100.240.130.24
Net GEX101.2M-9.4M202.0M139.6M141.0M
Net DEX-2.68B-3.59B-1.60B-3.45B-2.83B
Net VEX-17.9M-18.7M-16.7M-18.3M-16.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.201.100.990.43
Total Volume150,532.21185,573322,70292,56799,563
Total OI2,831,618.8952,483,1103,038,5752,793,4102,645,769

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-11-03$53.52$49.0025.9%8.0%28.4%15.2%28.4%4.8%-0.3%139.6M-3.45B-18.3M0.995.0546,57345,9941,306,7631,486,647
2025-11-04$53.56$49.0028.1%8.8%28.4%20.1%30.3%3.8%-1.1%131.7M-3.47B-18.7M0.204.52269,59853,1041,322,8111,512,319
2025-11-05$52.50$49.0024.3%6.9%29.3%11.8%23.6%3.1%0.0%137.7M-2.82B-18.3M0.515.46183,11493,6081,414,2741,531,268
2025-11-06$53.59$50.0024.6%7.3%30.0%12.4%24.2%3.5%0.5%192.3M-3.56B-18.1M0.793.62112,92389,3871,430,4961,577,430
2025-11-07$53.23$50.0025.3%7.2%28.8%14.0%26.2%3.4%-0.1%202.0M-3.24B-18.5M1.023.9680,90982,6341,437,2221,601,353
2025-11-10$53.50$50.0024.0%7.0%28.8%11.2%24.6%3.8%0.0%138.9M-3.27B-17.5M0.603.9553,38232,1911,315,3941,551,320
2025-11-11$53.66$50.0022.7%7.0%28.3%8.2%24.5%3.1%1.9%151.1M-3.29B-17.7M0.303.81127,98137,8421,328,2911,562,298
2025-11-12$54.09$50.0023.1%6.5%23.5%9.1%24.0%3.3%-0.4%160.4M-3.59B-17.3M0.533.8197,26251,8851,313,7611,576,777
2025-11-13$52.84$50.0025.9%7.4%19.9%15.1%25.8%3.3%-0.3%105.3M-2.73B-18.2M0.726.4898,60370,7311,324,1211,595,230
2025-11-14$52.63$50.0024.8%7.1%18.6%12.8%27.1%4.0%0.1%79.1M-2.55B-17.7M0.994.4168,35667,8611,318,2721,605,921
2025-11-17$51.55$50.0025.7%7.3%19.6%14.7%27.2%3.6%-0.2%42.8M-1.90B-18.1M0.676.3377,43951,5461,274,0251,586,140
2025-11-18$51.69$50.0026.6%7.6%19.3%16.7%26.3%4.6%-0.3%49.4M-1.96B-18.1M0.493.8387,86343,3581,281,5851,599,121
2025-11-19$52.03$50.0026.6%7.6%19.1%16.8%27.9%5.1%-0.2%65.9M-2.19B-17.9M1.106.3948,11552,7231,280,0601,607,093
2025-11-20$51.13$50.0028.3%8.2%19.5%20.5%27.8%3.9%-1.9%15.8M-1.60B-18.5M0.7030.37101,92871,7411,280,0151,649,996
2025-11-21$51.52$50.0024.8%7.1%19.0%12.9%25.1%5.6%0.2%-9.4M-1.77B-18.0M0.7430.1068,67350,8421,272,9601,649,844
2025-11-24$52.16$50.0024.4%7.1%19.1%11.9%24.6%5.5%-0.3%34.1M-1.95B-17.6M0.8419.0758,54949,4471,038,1621,444,948
2025-11-25$52.64$50.0022.5%6.8%19.3%7.8%24.1%5.1%0.1%58.8M-2.18B-17.4M1.087.3745,60349,4211,062,1871,464,193
2025-11-26$53.14$50.0021.6%6.2%19.6%6.0%22.7%4.3%0.1%86.8M-2.49B-16.8M1.013.9369,21870,1451,076,4411,476,252
2025-11-28$53.61$50.0020.8%6.2%19.5%4.1%21.6%4.1%0.1%141.0M-2.83B-16.7M0.4310.2169,56429,9991,123,5741,522,195