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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 Flow Report

Analysis based on market close June 12, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

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

Watch next session: $56 support; $58 resistance

Flow Summary

Net premium: +$26.0M bullish

P/C volume ratio: 0.40

P/C OI ratio: 1.36

Strong call flow dominates, net premium +$26M, put/call volume ratio 0.40. Positive GEX $721M confirms pinning near spot. Aggressive buying at $57 and $58 calls. Bullish bias intact.

Notable Prints

BAC 2026-06-18 $56.00 Put

Vol: 1,427

OI: 107

Vol/OI: 13.3x

IV: 23.2%

Notional: ~$100K

Intent: Hedging

Read-through: Large put vol 13x OI likely hedging long stock.

BAC 2027-01-15 $39.00 Call

Vol: 1,132

OI: 101

Vol/OI: 11.2x

IV: 47.2%

Notional: ~$1.6M

Intent: Bullish stock replacement

Read-through: Deep ITM call vol 11x OI bullish.

BAC 2026-06-18 $59.00 Call

Vol: 1,978

OI: 339

Vol/OI: 5.8x

IV: 24.2%

Notional: ~$8K

Intent: Speculative bullish

Read-through: Cheap OTM call high vol/OI.

BAC 2026-06-12 $56.00 Put

Vol: 1,680

OI: 297

Vol/OI: 5.7x

IV: 6.8%

Notional: ~$18K

Intent: Closing/hedging

Read-through: Same-day put expiry small size.

BAC 2026-06-26 $55.00 Put

Vol: 864

OI: 176

Vol/OI: 4.9x

IV: 23.9%

Notional: ~$54K

Intent: Hedging

Read-through: OTM put buying for downside protection.

Institutional Positioning

Call additions: Aggressive call buying at 57-58C for 6/18, 60C 6/26, and deep ITM $39C Jan27 (synthetic long).

Put additions: Puts added at 55-56 strikes across nearby expirations (potential hedges).

GEX/DEX consistency: Positive GEX ($721M) and DEX (+64.7M shares) align with bullish flow; gamma pinning near 47 supports call buying.

OI clusters: Largest OI: 57C (3,685) and 58C (1,853) for 6/18; put OI concentrated at 55P (2,310) for 6/12.

Hedging evidence: Put activity at 55-56 likely hedges long exposure; low IV on 6/12 puts (6.8%) suggests closing.

Max pain context: Spot above max pain ($55-57) by 3.7%; strong call OI at 57-58 implies pinning near those levels.

Signal vs Noise

~Call buying at 57C/58C is strong bullish signal.

~Put buying at 55-56 with low IV is likely noise (closing).

Key Conclusions

📈Aggressive call accumulation signals institutional bullish conviction.

⚠️Put protection at 55-56 could restrain upside through OPEX.

How to Use These Reports

This flow 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.