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BAC

Bank of America CorporationClose $56.53EOD only
Max Pain
$52.50
Next expiry Jun 18, 2026
Expected Move
±$0.84
1.5% from close
Price Gap
-4.03
Distance to max pain
IV Rank
100
High premium
P/C OI
1.35
Slightly put-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 17, 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 17, 2026 close
BAC Earnings Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

BAC earnings setup: bullish flow and gamma pinning, but high put OI ratio signals hedging. Historical beat rate 100%.

Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 7.7% from MP; +0.5 VIX 18
Most important: Put/Call OI ratio 1.35 and gamma flip at 47% indicate significant hedging activity.
🛡️Put/Call OI 1.35: heavy hedging, but net premium +$15.4M suggests bullish flow.
📉Gamma flip at 47%: spot above MP, but flip level could act as magnet if decline.
📈Historical beat rate 100% (5/5) but no avg move data; market expects moderate move.

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 104,987 (16.9% below spot)

Earnings Overview

Next earnings: 2026-07-14 (27 days)explicit

Expected moves:

  • 2026-06-18 (1d): ±$0.84 (1.5%)
  • 2026-06-26 (9d): ±$1.73 (3.1%)
  • 2026-07-02 (15d): ±$2.10 (3.7%)

IV Setup

Term structure: Contango: 1d ±1.5%, 9d ±3.1%, 15d ±3.7%.

Crush estimate: Estimated 3-4% crush post-earnings.

Skew: Put skew elevated with OI ratio 1.35.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: N/A: no prior avg move data.

Directional bias: Slightly bullish from flow and bullish regime.

Key Levels

1$47.00 gamma flip
2EM guardrails: 2d $55.69/$57.37; 1w $54.80/$58.26
3Max pain pins: $52 (2026-06-18); $54 (2026-06-26); $52 (2026-07-02)

Flow Highlights

Large put volume at $57 strike (6/18 exp): 8364 vol vs 1010 OI (8.3x).

Hedging or bearish positioning near resistance.

Strategies

Bull Call Spread
Buy 2026-07-17 $57.50/$60.00 call spread
Debit: $0.73-$0.90
Max loss: $0.90
Max gain: $1.60
BE: $58.40
Trigger: Exit if BAC breaks below $54.43 invalidation.
Directional bias, strong flow, support near $55.
Outperforms: Capitalizes on bullish bias with limited risk.
Underperforms: Loss of support weakens upside continuation thesis.
Iron Condor
Sell 2026-07-17 $52.50/$50.00 put wing and $57.50/$60.00 call wing
Credit: $0.96-$1.17
Max loss: $1.33
Max gain: $1.17
BE: 51.33 / 58.67
Trigger: Adjust wings if spot breaches $55-$57.50.
Contango and IV crush favor short premium.
Outperforms: Neutral strategy profiting from vol contraction.
Underperforms: Move outside short strikes invalidates range thesis.
Long Strangle
Buy 2026-07-17 $55.00 put + buy $60.00 call
Debit: $1.44-$1.76
Max loss: $1.76
Max gain: Unlimited
BE: 53.24 / 61.76
Trigger: Set stop loss at 50% premium decay.
Historical beat rate and bullish flow possible large move.
Outperforms: Betting on large earnings move, but expensive.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!High put/call OI ratio (1.35) may indicate selling pressure.
!Gamma flip at 47% suggests potential downward pinning.
!Spot near resistance $57.5-$58.6, vulnerable to selloff.
!VIX 18.44 moderate but elevated for BAC.

What to Watch

?Price action at $55 support and $57.5 resistance.
?Volume continuation at $57 put strike.
?Open interest changes in weekly expirations.
?Broader market direction given VIX.
How to Use These Reports
This earnings reflects the market close on June 17, 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.