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BAC

Bank of America CorporationClose $56.02EOD only
Max Pain
$52.00
Next expiry Jun 18, 2026
Expected Move
±$1.40
2.5% from close
Price Gap
-4.02
Distance to max pain
IV Rank
100
High premium
P/C OI
1.36
Slightly put-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 12, 2026 close
End-of-day snapshot

This page reflects BAC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Jun 12, 2026 close
BAC Earnings Report
Analysis based on market close June 12, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Earnings Verdict

Strong bullish bias with 100% beat rate and heavy call flow. IV elevated ahead of earnings.

Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.7% from MP; +1 VIX 18
Most important: 100% beat rate and 26M net call premium suggest bullish positioning. Spot near max pain at $54.
📈BAC 6/18 $57C 12k vol vs 3.7k OI
📉BAC 6/18 $56P 1.4k vol vs 107 OI put selling

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$47.00 — Approx — based on put OI concentration of 105,082 (16.1% below spot)

Earnings Overview

Next earnings: 2026-07-14 (32 days)explicit

Expected moves:

  • 2026-06-18 (6d): ±$1.40 (2.5%)
  • 2026-06-26 (14d): ±$2.10 (3.7%)
  • 2026-07-02 (20d): ±$2.52 (4.5%)

IV Setup

Term structure: Upward sloping: 6d 2.5%, 14d 3.7%, 20d 4.5%

Crush estimate: Post-earnings crush ~30-40% based on typical bank moves

Skew: Put/call OI ratio 1.36, slightly bearish skew but volume favors calls

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Avg move not provided, but beat rate 100% suggests consistent upside surprises.

Directional bias: Bullish given 5/5 beats

Key Levels

1$47.00 gamma flip
2EM guardrails: 1w $54.62/$57.42
3Max pain pins: $54 (2026-06-12); $52 (2026-06-18); $53 (2026-06-26)

Flow Highlights

Heavy call buying in 6/18 $57 and $58 strikes

Bullish sentiment near term

Unusual put selling at $56 for 6/18

Bearish hedge unwinding

Strategies

Call Diagonal
Sell 2026-06-26 $57.00 call / buy 2026-07-17 $55.00 call
Debit: $1.73-$2.12
Max loss: $2.12
Max gain: Variable
BE: Path-dependent
Trigger: Close spread if stock breaks below $54.
100% beat rate and heavy call flow justify bullish tilt; term structure favors selling near-term vol.
Outperforms: Bullish call diagonal to capture upside while funding with premium.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short Strangle
Sell 2026-07-17 $52.50 put + sell $60.00 call
Credit: $1.12-$1.38
Max loss: Unlimited
Max gain: $1.38
BE: 51.12 / 61.38
Trigger: Roll wings or close at 50% gain.
IV elevated, crush expected; bullish bias allows wider call wing.
Outperforms: Short strangle to collect premium from IV crush.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Spot near max pain at $54, risk of pinning
!Put floor $35-$50 provides downside protection

What to Watch

?Sustained call volume above resistance $57.5
?Earnings on 7/14
How to Use These Reports
This earnings reflects the market close on June 12, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.