BAC Options History — December 2025

In December 2025, BAC traded between $53.16 and $56.28. ATM implied volatility averaged 23.2%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 7.4% (HV 20d: 15.8%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.71.

Notable Days

2025-12-04: Highest Volume — 494,313 contracts
2025-12-15: Largest IV spike — 12.9% change
2025-12-17: Highest IV Rank — 13.7%
2025-12-31: Largest Expected Move — 8.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$54.73	$53.16	$56.28	$53.39	$55.11
Max Pain	$47.05	$45.00	$50.00	$50.00	$47.00
ATM IV	23.2%	20.4%	25.9%	21.8%	25.1%
Expected Move	7.2%	6.4%	8.1%	6.5%	8.1%
HV 20d	15.8%	12.8%	20.4%	19.2%	13.8%
HV 60d	21.4%	21.0%	21.7%	21.5%	21.1%
IV Rank	7.9%	2.1%	13.7%	6.4%	12.0%
IV Percentile	28.5%	3.6%	55.2%	15.5%	47.6%
Term Structure	0.9%	-1.3%	5.8%	0.6%	-0.6%
VWIV	26.3%	23.0%	31.8%	23.2%	28.7%
Skew 25d	4.2%	3.6%	5.1%	4.1%	3.6%
Skew 10d	9.5%	7.7%	12.3%	8.1%	8.0%
Call IV 25d	21.5%	18.4%	24.8%	19.7%	23.9%
Put IV 25d	25.7%	22.6%	29.5%	23.7%	27.5%
Bid-Ask Spread %	13.93	7.51	33.14	8.97	9.70
Gamma HHI	0.22	0.13	0.72	0.17	0.14
Net GEX	110.7M	61.8M	453.1M	66.6M	61.8M
Net DEX	-2.67B	-3.04B	-2.21B	-2.61B	-2.37B
Net VEX	-15.9M	-16.8M	-15.4M	-16.5M	-15.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.08	1.30	0.83	0.42
Total Volume	115,958.5	56,843	494,313	60,746	101,798
Total OI	2,543,713.818	2,401,213	2,675,324	2,565,225	2,515,078

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
2025-12-01	$53.39	$50.00	21.8%	6.5%	19.2%	6.4%	23.2%	4.1%	0.6%	66.6M	-2.61B	-16.5M	0.83	8.97	33,121	27,625	1,091,522	1,473,703
2025-12-02	$53.16	$50.00	21.3%	6.5%	19.3%	5.2%	23.5%	3.8%	0.6%	62.3M	-2.49B	-16.7M	0.81	9.03	32,757	26,585	1,102,453	1,485,406
2025-12-03	$54.13	$50.00	20.9%	6.4%	20.4%	4.4%	23.0%	4.0%	0.7%	87.0M	-2.86B	-16.8M	0.55	11.11	58,939	32,362	1,104,955	1,493,226
2025-12-04	$54.08	$45.00	20.9%	7.1%	18.9%	3.3%	27.4%	3.8%	1.1%	96.7M	-2.97B	-16.1M	0.08	13.80	457,829	36,484	1,121,056	1,505,821
2025-12-05	$53.95	$46.00	20.4%	6.9%	17.5%	2.1%	25.4%	4.2%	0.7%	106.7M	-2.39B	-16.4M	0.65	23.23	60,139	38,982	1,021,259	1,515,982
2025-12-08	$53.84	$46.00	21.3%	7.2%	17.4%	4.0%	26.4%	4.1%	3.7%	73.2M	-2.32B	-16.4M	0.99	8.94	28,584	28,259	1,019,524	1,483,124
2025-12-09	$53.51	$46.00	21.2%	7.8%	17.4%	3.3%	26.6%	3.6%	5.8%	70.4M	-2.21B	-16.2M	0.86	23.28	47,901	40,990	1,028,492	1,493,300
2025-12-10	$54.17	$46.00	21.3%	7.2%	17.9%	3.5%	25.9%	4.5%	3.7%	93.4M	-2.52B	-16.1M	0.51	33.14	62,522	31,836	1,035,213	1,506,869
2025-12-11	$54.61	$46.00	20.9%	7.2%	18.0%	2.6%	26.7%	4.6%	5.1%	113.5M	-2.71B	-15.9M	0.70	8.97	48,547	33,798	1,047,777	1,520,493
2025-12-12	$55.09	$46.00	21.9%	7.2%	15.8%	4.8%	25.1%	4.2%	4.7%	146.8M	-2.99B	-15.9M	0.78	13.80	115,041	89,186	1,057,283	1,535,019
2025-12-15	$55.43	$47.00	24.7%	7.4%	15.7%	11.0%	26.2%	4.8%	-0.5%	112.9M	-3.04B	-15.8M	0.67	10.07	67,124	45,033	1,050,420	1,514,705
2025-12-16	$54.89	$47.00	25.0%	7.3%	13.9%	11.6%	31.8%	4.5%	-1.0%	109.8M	-2.78B	-15.6M	0.91	13.21	57,058	52,014	1,053,848	1,535,431
2025-12-17	$54.52	$47.00	25.9%	7.4%	14.3%	13.7%	27.4%	4.8%	-1.3%	109.5M	-2.59B	-16.0M	0.90	16.21	46,848	42,274	1,070,679	1,547,059
2025-12-18	$54.34	$47.00	25.3%	7.2%	14.4%	12.4%	25.8%	5.1%	0.3%	104.9M	-2.46B	-15.7M	0.71	10.66	82,288	58,083	1,073,842	1,551,393
2025-12-19	$55.00	$47.00	25.1%	7.2%	12.8%	11.9%	25.4%	4.5%	-0.5%	453.1M	-2.91B	-15.5M	0.55	18.23	93,458	50,948	1,097,303	1,578,021
2025-12-22	$55.88	$47.00	24.5%	7.3%	13.5%	10.6%	27.2%	4.3%	-0.2%	91.5M	-2.85B	-15.4M	0.79	12.52	55,830	43,985	977,830	1,423,383
2025-12-23	$55.97	$47.00	23.8%	7.1%	13.1%	9.1%	26.9%	3.8%	-0.7%	101.2M	-2.85B	-15.7M	0.70	26.08	50,155	35,264	989,961	1,437,955
2025-12-24	$56.28	$47.00	24.8%	7.3%	13.0%	11.1%	25.5%	4.2%	-0.6%	113.5M	-2.98B	-15.5M	0.45	8.35	40,003	18,123	1,006,092	1,462,740
2025-12-26	$56.14	$47.00	23.9%	7.3%	12.9%	9.3%	25.3%	3.9%	-0.4%	119.5M	-2.94B	-15.4M	0.45	7.51	69,403	31,064	1,021,889	1,467,582
2025-12-29	$55.34	$47.00	24.8%	7.8%	14.0%	11.1%	27.2%	3.7%	-0.7%	72.4M	-2.47B	-15.4M	1.02	11.19	52,710	53,606	1,006,035	1,451,190
2025-12-30	$55.23	$47.00	24.9%	7.9%	13.9%	11.4%	28.3%	4.0%	-0.7%	67.8M	-2.47B	-15.4M	1.30	8.56	31,560	40,971	1,013,861	1,472,930
2025-12-31	$55.11	$47.00	25.1%	8.1%	13.8%	12.0%	28.7%	3.6%	-0.6%	61.8M	-2.37B	-15.4M	0.42	9.70	71,534	30,264	1,020,777	1,494,301