BAC Options History — January 2026

In January 2026, BAC traded between $51.64 and $57.25. ATM implied volatility averaged 23.5%, placing in the 8.4% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 3.0% (HV 20d: 20.5%). Max pain ranged from $47.00 to $52.50. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.67.

Notable Days

2026-01-14: Highest Volume — 456,977 contracts
2026-01-14: Largest IV drop — 12.1% change
2026-01-12: Highest IV Rank — 15.2%
2026-01-02: Largest Expected Move — 8.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$53.79	$51.64	$57.25	$55.86	$53.28
Max Pain	$52.23	$47.00	$52.50	$47.00	$52.50
ATM IV	23.5%	21.1%	26.6%	24.8%	23.1%
Expected Move	6.6%	6.0%	8.0%	8.0%	6.3%
HV 20d	20.5%	13.2%	24.4%	13.2%	24.4%
HV 60d	19.8%	18.3%	21.9%	21.3%	19.4%
IV Rank	8.4%	3.1%	15.2%	11.3%	7.5%
IV Percentile	33.5%	8.7%	65.5%	45.6%	31.3%
Term Structure	-0.2%	-2.1%	1.9%	-1.3%	0.9%
VWIV	23.1%	21.2%	28.6%	28.6%	22.5%
Skew 25d	3.5%	2.5%	4.4%	3.7%	3.1%
Skew 10d	7.8%	5.3%	10.9%	9.3%	7.4%
Call IV 25d	22.1%	19.7%	24.9%	23.7%	21.5%
Put IV 25d	25.6%	22.9%	28.9%	27.4%	24.6%
Bid-Ask Spread %	13.74	7.98	34.73	10.47	8.62
Gamma HHI	0.11	0.07	0.14	0.14	0.11
Net GEX	43.0M	-23.0M	110.4M	110.4M	49.7M
Net DEX	-1.69B	-3.29B	-464.3M	-2.81B	-1.44B
Net VEX	-16.6M	-17.9M	-14.7M	-15.0M	-17.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.67	0.47	1.01	0.61	0.47
Total Volume	157,544.85	55,851	456,977	120,008	153,961
Total OI	2,406,578.8	2,032,592	2,896,726	2,550,301	2,187,333

Daily Data (20 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
2026-01-02	$55.86	$47.00	24.8%	8.0%	13.2%	11.3%	28.6%	3.7%	-1.3%	110.4M	-2.81B	-15.0M	0.61	10.47	74,405	45,603	1,048,220	1,502,081
2026-01-05	$56.83	$52.50	25.1%	6.9%	14.3%	12.0%	24.5%	4.3%	-0.8%	110.1M	-3.17B	-14.9M	0.59	7.98	81,953	47,975	1,009,430	1,476,467
2026-01-06	$57.25	$52.50	26.0%	6.9%	14.3%	13.8%	24.9%	4.4%	-0.9%	107.6M	-3.29B	-14.7M	0.72	11.89	70,468	50,578	1,018,319	1,497,644
2026-01-07	$55.61	$52.50	26.2%	7.2%	18.2%	14.3%	25.0%	3.9%	-1.9%	73.8M	-2.50B	-15.8M	0.68	9.86	109,376	74,782	1,039,836	1,519,897
2026-01-08	$56.34	$52.50	26.0%	6.8%	18.4%	13.9%	24.7%	4.1%	-0.6%	102.1M	-2.91B	-15.9M	0.52	29.34	59,727	30,945	1,077,138	1,557,157
2026-01-09	$55.89	$52.50	25.4%	7.0%	18.4%	12.5%	23.5%	3.7%	-0.5%	94.7M	-2.72B	-15.6M	0.63	20.01	71,834	45,496	1,092,731	1,563,815
2026-01-12	$55.20	$52.50	26.6%	7.2%	18.9%	15.2%	25.0%	4.0%	-1.3%	64.1M	-2.39B	-16.2M	0.96	9.31	69,457	66,724	1,054,187	1,535,946
2026-01-13	$54.33	$52.50	25.9%	6.8%	19.4%	13.5%	23.2%	3.4%	-2.1%	46.2M	-2.07B	-16.1M	0.65	13.79	135,713	88,006	1,063,807	1,569,897
2026-01-14	$52.42	$52.50	22.7%	6.2%	22.9%	6.6%	22.7%	2.5%	-0.9%	-18.1M	-1.15B	-16.0M	0.54	12.16	296,169	160,808	1,094,865	1,615,385
2026-01-15	$52.50	$52.50	22.0%	6.1%	22.8%	5.1%	21.4%	2.9%	-0.9%	15.9M	-1.33B	-17.0M	0.77	9.32	121,544	93,066	1,204,922	1,676,841
2026-01-16	$52.98	$52.50	21.1%	6.0%	23.1%	3.1%	21.5%	3.5%	0.1%	63.3M	-1.73B	-17.0M	0.52	13.57	150,654	78,296	1,231,442	1,665,284
2026-01-20	$52.16	$52.50	23.6%	6.7%	23.6%	8.5%	23.0%	3.7%	0.2%	-1.5M	-744.8M	-17.4M	0.59	14.24	111,802	66,120	921,004	1,111,588
2026-01-21	$52.27	$52.50	21.4%	6.1%	23.1%	3.7%	21.5%	3.4%	1.0%	-8.3M	-777.4M	-17.4M	0.79	9.56	55,821	44,243	937,458	1,142,066
2026-01-22	$52.39	$52.50	21.1%	6.0%	22.1%	3.2%	21.7%	2.8%	1.3%	-10.8M	-821.0M	-17.7M	0.91	18.84	66,068	60,187	955,123	1,157,900
2026-01-23	$51.75	$52.50	21.4%	6.2%	22.3%	3.8%	21.8%	3.2%	-0.3%	-23.0M	-464.3M	-17.7M	0.69	9.87	123,418	84,537	978,080	1,168,820
2026-01-26	$52.03	$52.50	21.6%	6.2%	22.2%	4.1%	21.2%	3.4%	1.9%	13.5M	-794.1M	-17.5M	0.52	9.13	48,463	25,183	947,855	1,138,854
2026-01-27	$52.16	$52.50	21.9%	6.3%	22.4%	4.8%	21.3%	3.4%	0.9%	18.9M	-876.4M	-17.4M	0.71	10.76	32,699	23,152	956,499	1,146,720
2026-01-28	$51.64	$52.50	22.0%	6.2%	22.1%	5.1%	22.0%	3.9%	0.7%	3.0M	-634.5M	-17.6M	1.01	34.73	38,138	38,615	970,929	1,154,585
2026-01-29	$52.86	$52.50	22.7%	6.4%	24.1%	6.6%	22.5%	3.6%	1.0%	49.0M	-1.20B	-17.9M	0.55	11.44	99,743	55,168	980,086	1,161,365
2026-01-30	$53.28	$52.50	23.1%	6.3%	24.4%	7.5%	22.5%	3.1%	0.9%	49.7M	-1.44B	-17.8M	0.47	8.62	104,639	49,322	1,005,308	1,182,025