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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 Flow Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

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

Watch next session: BAC 2026-07-10 $49 Put; BAC 2027-01-15 $39 Call

Flow Summary

Net premium: +$15.4M bullish

P/C volume ratio: 0.69

P/C OI ratio: 1.35

Bullish flow with $15.4M net premium and put/call volume ratio 0.69. Strong GEX +$217M and gamma pinning support bias. Market down but BAC resilient.

Notable Prints

BAC 2026-07-10 $49.00 Put

Vol: 3,055

OI: 229

Vol/OI: 13.3x

IV: 31.8%

Notional: ~$18K

Intent: bearish

Dual read: hedge

Read-through: bearish

BAC 2027-01-15 $39.00 Call

Vol: 1,132

OI: 101

Vol/OI: 11.2x

IV: 58.6%

Notional: ~$1.6M

Intent: synthetic

Read-through: bullish

BAC 2026-07-10 $50.00 Put

Vol: 1,231

OI: 147

Vol/OI: 8.4x

IV: 29.6%

Notional: ~$9K

Intent: bearish

Dual read: hedge

Read-through: bearish

BAC 2026-06-18 $57.00 Put

Vol: 8,364

OI: 1,010

Vol/OI: 8.3x

IV: 22.7%

Notional: ~$552K

Intent: bearish

Dual read: hedge

Read-through: bearish

BAC 2026-07-17 $60.00 Put

Vol: 739

OI: 104

Vol/OI: 7.1x

IV: 26.8%

Notional: ~$288K

Intent: bearish

Dual read: hedge

Read-through: bearish

Institutional Positioning

Call additions: Long-dated deep ITM call (Jan 2027 $39) and near-term OTM call (Jun 18 $46.5).

Put additions: Heavy put buying at $55-$57 strikes (Jun 18/26) and protective $49/$50 puts.

GEX/DEX consistency: GEX +$217M and DEX +69.4M shares align with bullish flow and gamma pinning.

OI clusters: Put OI clustered at $47 (16.9% below spot) and $55-$57 strikes.

Hedging evidence: Downside hedging via Jul $49/$50 puts and Jun $55/$57 puts.

Max pain context: Spot above MP; large put OI at $47 suggests pin near that level.

Signal vs Noise

~Large put volume at $57 (Jun 18) indicates institutional hedging, not directional bearishness.

~Deep ITM call ($39 Jan 2027) is a strong signal of long-term bullish positioning.

~GEX+$217M and gamma pinning regime confirm support for spot near $47.

~Net premium positive despite put-heavy OI ratio suggests call buying is dominating flow.

~High IV call ($46.5) with low OI is likely noise; ignore.

Key Conclusions

📈Institutions adding long-term calls (Jan 2027 $39) signal bullish conviction.

⚠️Elevated put activity at $55-$57 suggests near-term hedging pressure.

How to Use These Reports

This flow 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.