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BAC

Bank of America CorporationClose $56.20EOD only

Max Pain

$55.00

Next expiry Jun 26, 2026

Expected Move

±$1.44

2.6% from close

Price Gap

-1.20

Distance to max pain

IV Rank

100

High premium

P/C OI

1.36

Slightly put-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: Jun 18, 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 18, 2026 close

BAC Flow Report

Analysis based on market close June 18, 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 7.0% from MP; +1 VIX 16

Watch next session: $57 strike activity; gamma flip $47

Flow Summary

Net premium: +$19.6M bullish

P/C volume ratio: 0.65

P/C OI ratio: 1.36

Aggressive call buying and $195.8M net premium, coupled with low put/call volume ratio (0.65) and bullish flow regime, indicate strong bullish sentiment. Positive gamma pinning supports upward bias. Key risk: spot slipping below gamma flip.

Notable Prints

BAC 2026-07-10 $48.00 Put

Vol: 2,563

OI: 203

Vol/OI: 12.6x

IV: 34.4%

Notional: ~$13K

Intent: hedge

Read-through: downside

BAC 2027-01-15 $39.00 Call

Vol: 1,132

OI: 101

Vol/OI: 11.2x

IV: 55.0%

Notional: ~$1.6M

Intent: buy

Read-through: growth

BAC 2026-07-10 $50.00 Put

Vol: 1,492

OI: 212

Vol/OI: 7.0x

IV: 29.1%

Notional: ~$12K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

BAC 2026-07-02 $63.00 Call

Vol: 792

OI: 121

Vol/OI: 6.5x

IV: 43.9%

Notional: ~$4K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

BAC 2026-06-26 $56.00 Put

Vol: 5,896

OI: 1,193

Vol/OI: 4.9x

IV: 20.7%

Notional: ~$366K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Unusual call buys at $39 LEAPS, $57-$58 near-term, $63 OTM; net premium +$19.6M.

Put additions: Unusual put buys at $48, $50 (July), $56, $57 (June); hedging downside.

GEX/DEX consistency: GEX +$141.9M, DEX +68.3M shares, bullish flow regime — consistent.

OI clusters: Highest OI near $56-$58 puts and $57-$58 calls; pin action near $57.50.

Hedging evidence: Put accumulation at $56-$57 June expiry; collars likely.

Max pain context: Spot above $57.50 MP; gamma pinning expected near current levels.

Signal vs Noise

~Large call volume at $57-$58 is real bullish flow.

~Put volume at $56-$57 is hedging, not bearish.

~The $39 LEAPS call is speculative noise.

Key Conclusions

📈Institutions are adding bullish call positions at $57-$58 and $63, indicating upside bias.

🛡️Heavy put hedging at $56-$57 suggests downside protection, not outright bearishness.

⚡Positive GEX and bullish flow regime support pinning near $57.50.

How to Use These Reports

This flow reflects the market close on June 18, 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.