BAC Options History — February 2026

In February 2026, BAC traded between $50.00 and $56.58. ATM implied volatility averaged 27.3%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 1.0% (HV 20d: 26.3%). Max pain ranged from $50.00 to $52.50. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.80.

Notable Days

  • 2026-02-27: Highest Volume — 307,678 contracts
  • 2026-02-27: Largest IV spike — 15.9% change
  • 2026-02-27: Highest IV Rank — 25.7%
  • 2026-02-27: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.34$50.00$56.58$53.94$50.00
Max Pain$52.11$50.00$52.50$52.50$52.50
ATM IV27.3%23.3%31.4%23.3%31.4%
Expected Move7.8%6.2%9.2%6.2%9.2%
HV 20d26.3%23.1%33.4%24.3%33.4%
HV 60d21.2%19.2%24.9%19.6%24.9%
IV Rank16.7%7.8%25.7%7.8%25.7%
IV Percentile66.7%33.3%88.9%33.3%88.9%
Term Structure-0.6%-1.4%0.9%-0.7%-1.3%
VWIV27.7%22.4%33.2%22.4%33.2%
Skew 25d5.1%3.6%6.6%3.6%6.6%
Skew 10d11.0%8.2%15.3%8.2%15.3%
Call IV 25d25.3%21.8%29.4%21.8%29.4%
Put IV 25d30.4%25.5%36.0%25.5%36.0%
Bid-Ask Spread %11.157.1217.2811.1414.31
Gamma HHI0.100.070.130.130.13
Net GEX33.2M-38.6M88.6M72.6M-38.6M
Net DEX-1.18B-2.65B157.2M-1.63B157.2M
Net VEX-18.3M-19.3M-17.6M-17.6M-19.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.292.820.530.82
Total Volume166,23868,882307,678128,127307,678
Total OI2,301,061.8422,123,0282,459,2832,123,0282,384,345

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$53.94$52.5023.3%6.2%24.3%7.8%22.4%3.6%-0.7%72.6M-1.63B-17.6M0.5311.1483,88144,246970,8881,152,140
2026-02-03$54.39$52.5025.5%7.0%23.5%12.8%24.8%3.9%-0.6%77.9M-1.84B-17.8M0.5411.6798,68653,535981,8041,166,049
2026-02-04$55.61$52.5025.5%7.2%24.9%12.8%25.7%4.1%0.1%88.5M-2.31B-17.7M0.5714.81136,94878,366988,5791,177,333
2026-02-05$54.89$50.0027.5%7.5%23.1%17.1%26.7%4.6%-1.3%78.0M-1.91B-18.3M2.828.6341,512116,934997,6871,215,783
2026-02-06$56.58$50.0024.2%6.7%25.2%9.8%25.2%4.5%-0.6%88.6M-2.65B-17.8M0.4917.28168,44182,4301,002,2891,289,480
2026-02-09$56.48$50.0024.1%6.5%25.0%9.7%24.4%4.1%-1.4%82.8M-2.31B-18.1M0.9514.8035,32133,561999,8431,253,575
2026-02-10$55.56$52.5025.4%7.5%25.3%12.6%26.6%5.5%0.9%59.0M-1.95B-18.2M1.659.7776,451126,2231,011,7891,268,642
2026-02-11$53.92$52.5026.5%7.4%27.0%14.9%26.0%5.3%-0.7%21.8M-1.19B-18.5M0.4810.93175,06384,0761,021,5671,315,113
2026-02-12$52.55$52.5029.1%8.3%25.4%20.6%30.1%6.0%-0.4%3.6M-593.2M-19.3M0.759.2496,68172,1721,079,1161,328,140
2026-02-13$52.33$52.5029.4%8.4%25.4%21.5%31.0%5.5%-0.3%133.0K-561.1M-19.1M0.687.22101,78169,1651,096,3771,326,004
2026-02-17$52.78$52.5028.7%8.2%25.4%19.8%28.6%5.9%-1.1%16.5M-836.2M-18.4M0.298.1995,20127,8481,057,7141,314,699
2026-02-18$53.20$52.5027.7%7.9%24.9%17.5%27.0%5.3%-0.9%38.1M-1.06B-18.4M0.7211.3747,57434,1061,090,7241,319,407
2026-02-19$52.64$52.5028.2%8.1%25.2%18.6%28.6%5.2%-1.2%14.8M-771.9M-18.6M0.7715.4377,52259,9301,104,5291,329,903
2026-02-20$52.96$52.5026.8%7.8%25.3%15.5%26.2%5.3%-1.0%30.7M-1.01B-18.2M0.5214.6583,39043,6261,123,3141,335,969
2026-02-23$51.27$52.5029.8%8.7%27.6%22.3%30.9%5.6%0.1%-9.2M-377.7M-18.1M0.758.5288,53166,032961,8281,208,450
2026-02-24$50.30$52.5030.3%8.7%28.2%23.4%31.8%5.4%-0.5%-23.0M-58.1M-18.2M0.729.33109,99378,756988,5161,226,846
2026-02-25$51.64$52.5027.6%8.1%29.9%17.4%28.8%5.0%-0.1%1.1M-542.9M-18.7M0.567.1281,05945,2661,029,0191,263,990
2026-02-26$52.42$52.5027.1%7.8%30.2%16.3%27.5%5.5%-0.0%28.3M-931.4M-18.6M0.697.4380,96455,5731,058,5031,280,221
2026-02-27$50.00$52.5031.4%9.2%33.4%25.7%33.2%6.6%-1.3%-38.6M157.2M-19.0M0.8214.31169,479138,1991,077,8861,306,459