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Bank of America Corporation (BAC)

Overview · Option chain · Volatility · Expected-move history · Earnings

Price (delayed) 62.60 +0.98%
Expected moveThe size of the up-or-down move the options market is pricing for a stock by a given date, read from option prices (the at-the-money straddle). It is a market-implied estimate, not a forecast. · Sep 18 ±3.5%
Expected range 60.4164.80
IV30Implied volatility interpolated to a constant 30-day horizon from the expirations around it, so different stocks and dates can be compared fairly.20.8%
IV percentileWhere this IV30 ranks across all securities we cover today (a cross-sectional comparison, not the stock's own history). 14/universe
P/C volumePut volume (or open interest) divided by call volume (or open interest). A descriptive activity measure — it does not by itself say what traders expect.0.43
P/C open interest1.18
Next earnings Oct 14

Cboe delayed options data · as of Sep 02, 21:49 UTC · Figures derived from the full chain (1,034 contracts, 19 expirations) · IV own-history percentile appears after 60 recorded days (3 so far)

Expected move — Sep 18, 2026 (16 days)

Methodology →

Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.

60.4164.8062.60 current

Options are pricing a move of about ±3.5% (range 60.41–64.80) by Sep 18, 2026. ATM straddle: 2.19 @ strike 62.5 · ATM IV: 20.9%.

Probability distribution

Model & assumptions →

The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.

62.6060.4164.80
expected-move bandmodel density
Levelvs priceP(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction.P(below)
56.34 -10% 99.1% 0.9%
59.47 -5% 87.5% 12.5%
62.60 +0% 49.1% 50.9%
65.73 +5% 12.8% 87.2%
68.86 +10% 1.4% 98.6%

Model-estimated probabilities of finishing above/below each level at expiration — estimates under stated assumptions, not predictions.

Probability explorer

Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.

P(finish above)
P(finish below)
P(touch, approx.)

Horizon: Sep 18, 2026 · lognormal model, zero drift — an estimate, not a prediction. Assumptions

ExpiresDTEDays to expiration, in calendar days.Implied moveATM IVOpen int.
Sep 04, 2026 2 ±1.7% 21.7% 72.6K
Sep 11, 2026 9 ±2.6% 19.4% 24.2K
Sep 18, 2026 16 ±3.5% 20.9% 391.1K
Sep 25, 2026 23 ±4.2% 20.5% 10.8K
Oct 02, 2026 30 ±4.8% 20.8% 7,761
Oct 09, 2026 37 ±5.4% 20.8% 1,877
Oct 16, 2026 44 ±6.8% 24.3% 161.7K
Nov 20, 2026 79 ±9.0% 24.1% 109.6K
Dec 18, 2026 107 ±10.3% 23.9% 303.6K
Jan 15, 2027 135 ±11.9% 24.7% 569.7K
Feb 19, 2027 170 ±13.5% 24.8% 30.5K
Mar 19, 2027 198 ±14.6% 25.0% 67.1K

Open interest by strike — Sep 18

Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.

47.0050.0052.5055.0057.5060.0062.5065.0067.5070.0062.60
callsputs

Largest open-interest concentrations (all expirations ≤ 60 days): 65 C · 88.3K50 P · 53.7K60 C · 41.9K55 P · 35.5K60 P · 32.4K

IV term structure

Volatility page →

At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.

18%21%24%26%2d198d30d

When does open interest expire?

23%This month72%Later

Implied vs realized volatility

16.4%18.2%19.9%21.6%Aug 31Sep 02
IV30HV20

HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method

Price, last 60 sessions

Track record

Full history →

Every trading day we record what the options market is pricing for each expiration — before the outcome is known. Once expirations start resolving, this section compares expected versus actual, and the record is never rewritten. Recording since Aug 31, 2026.

Past earnings reactions

Oct 24+2.1%Jan 25-1.2%Apr 25+1.8%Jul 25+1.9%Oct 25+0.7%Jan 26-3.6%Apr 26+0.3%Jul 26+3.5%
implied (when recorded)actual reaction

Avg |reaction| 3.1% · median 2.1% (20 reports) — two-session close-to-close window; definition

About Bank of America Corporation

Operating globally through its various subsidiaries, Bank of America Corporation offers a comprehensive range of banking and financial products and services. Its extensive clientele includes individual consumers, small and mid-market businesses, institutional investors, large corporations, and government bodies worldwide. The Consumer Banking division provides diverse options such as traditional and money market savings accounts, certificates of deposit, individual retirement accounts (IRAs), and both interest-bearing and non-interest-bearing checking accounts, in addition to investment products. This segment also issues credit and debit cards, originates residential mortgages and home equity loans, and offers direct and indirect financing for needs like automotive purchases, recreational vehicles, and personal loans. Within its Global Wealth & Investment Management segment, the company delivers investment management, brokerage, banking, and trust and retirement solutions. It also crafts tailored wealth management strategies, including specialized asset management services. The Global Banking segment furnishes a broad spectrum of lending products, including commercial loans, leases

Financial Services · Banks - Diversified · NYSE · Profile: Financial Modeling Prep

BAC news

All news →

Denny’s rival dining chain files for Chapter 11 bankruptcy

Yahoo Finance · Sep 02, 21:03 UTC ↗

Pet food platform Golden Pet Brands taps banks for IPO, sources say

Golden Pet Brands, which owns Dr. Marty Pets, Badlands Ranch, and Ultimate Pet Nutrition, has picked banks for an initial public offering…

Reuters · Sep 02, 15:45 UTC ↗

Bank of Canada mulls Trump tariff shock as it holds interest rates

The Bank of Canada will publish its latest interest rate decision at 9:45 a.m. ET on Wednesday.

CNBC · Sep 02, 06:29 UTC ↗

Related securities — Financial Services

SOFI · IV 47.4%HOOD · IV 60.7%MARA · IV 81.7%COIN · IV 61.6%NU · IV 39.8%PYPL · IV 29.7%

Consumer Cyclical

ABNB · Airbnb, Inc.AMZN · Amazon.com, Inc.AZO · AutoZone, Inc.BABA · Alibaba Group Holding…BBY · Best Buy Co., Inc.BYD · Boyd Gaming CorporationCAVA · CAVA Group, Inc.CCL · Carnival Corporation & plc

ETF

ARKK · ARK Innovation ETFBITO · ProShares Bitcoin ETFDIA · State Street SPDR Dow…EEM · iShares MSCI Emerging…EFA · iShares MSCI EAFE ETFEWZ · iShares MSCI Brazil ETFFXI · iShares China Large-Cap ETFGDX · VanEck Gold Miners ETF

Technology

AAPL · Apple Inc.ADBE · Adobe Inc.AI · C3.ai, Inc.AMAT · Applied Materials, Inc.AMD · Advanced Micro Device…APP · AppLovin CorporationARM · Arm Holdings plc Amer…ASML · ASML Holding N.V.

Financial Services

AFRM · Affirm Holdings, Inc.ALL · The Allstate CorporationALLY · Ally Financial Inc.AXP · American Express CompanyBAC · Bank of America CorporationBLK · BlackRock, Inc.BX · Blackstone Inc.C · Citigroup Inc.

Industrials

AAL · American Airlines Gro…BA · The Boeing CompanyCAT · Caterpillar Inc.CMI · Cummins Inc.DAL · Delta Air Lines, Inc.DE · Deere & CompanyEMR · Emerson Electric Co.ETN · Eaton Corporation plc

Energy

BKR · Baker Hughes CompanyCCJ · Cameco CorporationCOP · ConocoPhillipsCVX · Chevron CorporationDVN · Devon Energy CorporationENPH · Enphase Energy, Inc.EOG · EOG Resources, Inc.ET · Energy Transfer LP