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BAC

Bank of America CorporationClose $53.51EOD only

Max Pain

$51.00

Next expiry Apr 17, 2026

Expected Move

±$0.70

1.3% from close

Price Gap

-2.51

Distance to max pain

IV Rank

High premium

P/C OI

1.09

Balanced positioning

Consensus

4/4

Partial coverage

Published snapshot: Apr 16, 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

Apr 16, 2026 close

BAC Flow Report

Analysis based on market close April 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 5.7% from MP; +1 VIX 17

Watch next session: Monitor 4/24 $56 call follow-through and trade size; Watch 4/24 puts and 5/15 $50 open interest for selling pressure; Track intraday GEX/dex shifts and spot vs max-pain dynamics

Flow Summary

Net premium: +$6.3M bullish

P/C volume ratio: 0.83

P/C OI ratio: 1.09

Net positive GEX and sizable short-dated call flow create a bullish/pinning tilt; concentrated puts and deep May put OI are the main invalidation risk.

Notable Prints

BAC 2026-04-24 $56.00 Call

Vol: 10,159

OI: 2,357

Vol/OI: 4.3x

IV: 21.6%

Notional: ~$81K

Intent: buy-side upside/speculation

Dual read: dealer sell/hedge gamma

Read-through: short-term upside flow

BAC 2026-04-17 $54.00 Put

Vol: 7,160

OI: 2,083

Vol/OI: 3.4x

IV: 5.9%

Notional: ~$36K

Intent: intra-day protective/sell-off hedge

Dual read: legging or pinning attempt

Read-through: short-term downside pressure

BAC 2026-04-24 $53.00 Put

Vol: 15,718

OI: 5,956

Vol/OI: 2.6x

IV: 21.9%

Notional: ~$503K

Intent: protective downside accumulation

Dual read: dealer put supply/gamma

Read-through: adds pinning risk near strikes

BAC 2026-05-22 $45.00 Put

Vol: 250

OI: 106

Vol/OI: 2.4x

IV: 36.0%

Notional: ~$2K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

BAC 2026-04-24 $54.00 Put

Vol: 2,659

OI: 1,247

Vol/OI: 2.1x

IV: 32.8%

Notional: ~$173K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Apr24 $56 calls (10k vol, 2.3k OI) plus scattered longer calls — could be buys or spread activity

Put additions: May15 $50 puts large (41k vol, 22k OI); Apr24 $53/$54 put blocks also notable

GEX/DEX consistency: Positive GEX (+$456.7M) and DEX inflows (+73.3M shares) — supportive short-term but not definitive proof of pinning

OI clusters: OI concentrations around 50 (May puts), 53–54 (Apr puts), 56 (calls)

Hedging evidence: Large put blocks suggest hedging/collar activity but several tiny-IV, single-session prints look suspect — request trade‑level confirmation before labeling institutional hedges

Max pain context: Spot sits ~5.7% above MP; clustered activity could contribute to pinning near 53–56 but alternative directional trades or spread flows could explain prints

Signal vs Noise

~Signal: May15 $50 puts = material directional/hedge interest but needs confirmation

~Signal: Apr24 clustered prints at 53–56 could indicate pin pressure or spread/arb activity

~Noise: single-session tiny‑IV prints (e.g. Apr17 $54 put) flagged as suspect; seek trade-level detail before treating as institutional

Key Conclusions

📌Probable institutional tilt: protective puts concentrated 50–54 with call activity near 56; treat pinning as possible, not certain

🔎Flow and GEX/DEX support short-term bids but alternative explanations exist; verify with trade-level data before firming hedging conclusions

Read the Flow analysis for BAC for 2026-04-17. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.