Bank of America (BAC) Options Chain

NYSE: BACFinanceMajor BanksUSD

54.32+0.71 (+1.32%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $54.32
Put/call ratio (OI): 1.35
Put/call ratio (volume): 0.26
ATM implied volatility: 26.6%
Expected move: ±$7.41
Open interest (C / P): 272.35K / 367.12K

BAC options summary

The BAC options chain for the January 15, 2027 expiration lists 34 call and 34 put contracts, with 96 days until expiration. Open interest stands at 272,350 calls and 367,120 puts, a put/call ratio of 1.35, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $55.00 strike is 26.6%, which implies the market expects a move of about ±$7.41 (13.6%) in Bank of America stock by expiration.

The most open interest sits at the $57.50 call (46.35K contracts) and the $55.00 put (71.18K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

BAC options chain · January 15, 2027

BAC calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
188	1	93.0%	33.68	33.15	35.70	20.00	0.00	0.02	0.01	70.3%	9	5,909
3	20	68.4%	40.90	29.35	33.35	23.00	0.01	0.05	0.03	68.4%	1	3,514
36	5	127.9%	34.90	27.35	30.70	25.00	0.00	0.04	0.02	59.4%	1	2,370
55	2	113.6%	28.80	24.40	27.75	28.00	0.00	0.08	0.01	55.9%	31	3,591
438	5	61.7%	29.58	23.20	25.75	30.00	0.00	0.07	0.03	54.5%	10	7,978
539	30	55.8%	20.95	20.25	22.80	33.00	0.00	0.10	0.05	49.2%	2	9,073
4,260	9	67.2%	18.65	18.35	20.05	35.00	0.05	0.30	0.08	54.2%	2	19,084
2	2	74.7%	19.74	16.55	19.55	36.00	0.00	0.00	0.09	12.5%	8	0
1,798	100	76.5%	17.62	16.35	18.85	37.00	0.05	0.37	0.10	50.8%	2	6,984
5	1	75.2%	20.44	14.60	18.00	38.00	0.05	0.19	0.15	41.5%	1	671
100	1	159.4%	21.70	22.15	25.15	39.00	0.05	0.22	0.15	40.1%	20	303
7,641	3	47.6%	13.54	14.50	14.90	40.00	0.10	0.23	0.20	38.0%	9	18,139
0	1	—	23.00	0.00	0.00	41.00	0.16	0.25	0.18	36.1%	17	596
4,587	30	49.2%	12.26	12.10	13.30	42.00	0.20	0.25	0.25	33.6%	800	12,659
387	1	41.7%	14.64	10.50	12.05	43.00	0.22	0.32	0.35	33.1%	59	3,202
106	16	57.6%	12.80	9.95	12.35	44.00	0.30	0.34	0.34	31.0%	113	2,409
10,042	5	39.0%	9.48	9.45	10.25	45.00	0.36	0.42	0.40	30.1%	220	48,184
54	50	38.7%	8.20	7.80	9.45	46.00	0.43	0.57	0.50	30.3%	22	3,658
25,471	103	39.4%	8.75	7.75	8.75	47.00	0.59	0.79	0.72	30.8%	8	34,834
1,080	7	34.2%	7.25	7.05	7.60	48.00	0.73	0.83	0.78	28.4%	24	2,059
73	1	33.7%	6.60	5.80	6.85	49.00	0.95	1.02	0.95	27.8%	442	3,080
21,782	146	37.1%	5.84	5.55	6.50	50.00	1.16	1.25	1.25	27.2%	112	47,540
16,490	1,024	28.8%	4.08	4.00	4.15	52.50	1.93	2.06	2.00	26.3%	174	22,625
BAC $54.32
24,327	1,429	27.8%	2.72	2.66	2.80	55.00	3.05	3.20	3.13	25.4%	103	71,178
46,350	1,679	26.8%	1.69	1.65	1.75	57.50	3.90	4.85	4.80	26.1%	10	14,378
32,345	2,050	25.9%	0.99	0.90	1.01	60.00	5.30	7.15	6.45	30.9%	8	9,452
22,613	255	25.9%	0.56	0.50	0.59	62.50	8.30	8.70	8.50	24.9%	26	11,528
21,711	1,090	25.7%	0.29	0.29	0.32	65.00	9.35	12.30	10.90	43.8%	4	2,067
6,720	45	26.3%	0.17	0.15	0.19	67.50	12.00	14.45	13.74	44.5%	1	1
12,483	46	26.3%	0.09	0.08	0.10	70.00	15.45	16.95	10.69	48.9%	9	52
789	5	30.2%	0.06	0.02	0.12	72.50	17.25	19.45	14.03	53.0%	1	2
6,400	574	38.9%	0.02	0.00	0.29	75.00	0.00	0.00	11.87	—	2	0
2,616	5	35.2%	0.03	0.00	0.07	80.00	16.55	19.15	19.55	—	2	0
859	31	37.9%	0.05	0.00	0.05	85.00	20.30	23.60	22.15	—	10	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the BAC put/call ratio?

For the January 15, 2027 expiration, the BAC put/call ratio based on open interest is 1.35 (367,120 puts vs 272,350 calls), and 0.26 based on today's volume. A ratio above 1 means more puts than calls.

What is BAC's implied volatility?

At-the-money implied volatility for BAC options expiring January 15, 2027 is about 26.6%, an annualized estimate of how much the market expects Bank of America stock to move.

How many BAC option expiration dates are there?

BAC has 19 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.