Options Skew Analytics

BAC option chain

Strikes around the forward, as they were quoted at the close

Data as of 6 November 2026 (end of day)

2026-11-13(7 days)ATM 29.26%±2.01skew +2.94
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$6.10$8.20—$43.00—————
13$5.55$6.00—$44.0042.57%$0.01$0.0352150
034$4.55$5.45—$45.0038.21%$0.02$0.041,08333
4215$3.65$4.10—$46.0035.57%$0.05$0.07706277
26$2.66$3.65—$46.5033.76%$0.07$0.09286224
011$2.70$3.65—$47.0033.32%$0.12$0.131,281455
—————$47.5032.27%$0.16$0.20551191
4918$1.82$1.99—$48.0031.90%$0.26$0.281,058364
63$1.46$2.32—$48.5030.99%$0.36$0.40368167
23462$1.18$1.23—$49.0030.25%$0.51$0.551,139994
351219$0.86$0.92—$49.5029.21%$0.68$0.75923396
3,0161,559$0.64$0.6729.33%$50.00—$0.94$0.961,980828
11,4263,553$0.28$0.3028.06%$51.00—$1.56$1.671,258568
15,2354,216$0.10$0.1227.63%$52.00—$2.38$2.5277059
2,8133,011$0.04$0.0528.82%$53.00—$3.05$3.6024286
2,6152,540$0.02$0.0331.70%$54.00—$3.70$4.554125
—————$55.00—$5.05$5.5502
—————$56.00—$5.70$6.5506
—————$57.00—$7.05$7.50024
—————$58.00—$7.95$8.5506
—————$59.00—$9.00$9.5002

Forward $49.68. The 25-delta put carries +2.94 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 28.07%±2.73skew +3.62
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0210$9.00$11.15—$40.00—————
04$8.25$10.35—$41.00—————
26$7.50$8.05—$42.0044.50%$0.03$0.058,9820
077$6.20$8.40—$43.0040.74%$0.02$0.081,0422
043$5.45$7.05—$44.0038.20%$0.06$0.091,62212
0177$4.75$5.40—$45.0036.13%$0.11$0.136,9391,263
51,073$3.80$4.25—$46.0033.71%$0.17$0.2017,63177
1161$2.88$3.50—$47.0031.80%$0.28$0.328,102530
2186$2.14$2.30—$48.0030.03%$0.46$0.513,613388
257507$1.46$1.57—$49.0028.90%$0.76$0.8210,547733
1,6833,925$0.92$0.9827.88%$50.00—$1.20$1.2624,2962,114
1,4444,268$0.52$0.5727.10%$51.00—$1.80$1.875,021181
5484,278$0.27$0.2926.41%$52.00—$2.48$2.691,72099
5627,863$0.19$0.2126.46%$52.50—$2.93$3.1010,54150
5813,475$0.12$0.1425.96%$53.00—$2.92$3.55451
1642,479$0.05$0.0726.17%$54.00—$3.95$4.50622
50815,954$0.03$0.0427.75%$55.00—$5.05$5.5014,2155
281,920$0.01$0.0227.90%$56.00—$5.65$7.3010
—————$57.50—$6.95$8.001,6301,110
—————$58.00—$7.45$9.3001
—————$60.00—$9.55$11.302,9901,800

Forward $49.72. The 25-delta put carries +3.62 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 26.82%±3.20skew +3.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$14.05$16.85—$35.00—————
064$9.10$11.25—$40.00—————
—————$42.0037.88%$0.02$0.082742
—————$44.0034.39%$0.09$0.1429111
17$4.80$5.80—$45.0032.94%$0.16$0.2032533
03$2.85$4.10—$47.0029.33%$0.36$0.44746115
228$2.30$2.48—$48.0028.69%$0.61$0.67559724
88204$1.71$1.75—$49.0027.56%$0.92$0.99524174
246685$1.12$1.1926.70%$50.00—$1.36$1.43740249
1411,140$0.69$0.7525.83%$51.00—$1.89$2.0632869
179870$0.40$0.4425.27%$52.00—$2.63$2.7740822
1801,133$0.20$0.2524.77%$53.00—$3.00$3.6061231
60862$0.10$0.1424.84%$54.00—$3.80$4.501730
552,831$0.04$0.0925.27%$55.00—$4.50$6.05690
1279$0.03$0.0425.78%$56.00—————

Forward $49.76. The 25-delta put carries +3.42 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 27.24%±3.74skew +3.59
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
053$4.25$6.55—$45.0031.36%$0.24$0.30145269
—————$46.0029.91%$0.36$0.425244
156$3.20$3.40—$47.0028.84%$0.54$0.61311114
36$2.42$2.59—$48.0028.07%$0.81$0.8822881
112$1.77$1.90—$49.0027.67%$1.20$1.2512717
70445$1.25$1.3327.05%$50.00—$1.67$1.7252853
87199$0.82$0.8926.17%$51.00—$2.22$2.351179
126314$0.50$0.5525.24%$52.00—$2.94$3.056521
30590$0.28$0.3625.05%$53.00—$3.60$3.9022514
102645$0.16$0.2024.68%$54.00—$4.30$4.752929
—————$55.00—$4.90$5.7070
36215$0.01$0.0530.04%$59.00—$7.75$11.3510
—————$62.00—$11.15$14.3010
—————$65.00—$14.35$17.5520

Forward $49.59. The 25-delta put carries +3.59 volatility points over the 25-delta call.

2026-12-11(35 days)ATM 26.54%±4.07skew +4.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$4.30$6.70—$45.0030.67%$0.30$0.42176
—————$46.0030.05%$0.44$0.622470
21$3.30$3.55—$47.0028.94%$0.70$0.771414
03$2.57$2.80—$48.0027.46%$0.91$1.06487
650$1.90$2.11—$49.0027.14%$1.29$1.47918
11368$1.34$1.4726.34%$50.00—$1.76$1.92325
37135$0.90$1.0725.86%$51.00—$2.35$2.49450
15131$0.58$0.6824.83%$52.00—$3.00$3.20371
36735$0.36$0.4724.84%$53.00—$3.75$3.9565
301294$0.20$0.3224.72%$54.00—$4.55$4.80192
1,367125$0.11$0.1723.94%$55.00—$4.25$6.6030
—————$60.00—$9.50$12.3510

Forward $49.56. The 25-delta put carries +4.11 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 26.57%±4.47skew +4.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03,035$14.10$15.85—$35.0046.27%$0.02$0.049,80610
07,553$12.10$14.05—$37.00—————
06$10.85$13.45—$38.00—————
010$10.15$12.45—$39.00—————
03,429$9.65$10.60—$40.0037.10%$0.09$0.117,6199
01$8.75$9.65—$41.0036.78%$0.12$0.195000
11,953$7.80$8.35—$42.0034.20%$0.16$0.205,86986
066$6.75$7.80—$43.0033.09%$0.23$0.274,45369
216$5.90$6.60—$44.0031.71%$0.32$0.351,22033
32,925$5.05$5.85—$45.0030.75%$0.44$0.4919,768173
0122$4.20$4.75—$46.0029.65%$0.61$0.653,291568
5293$3.40$4.15—$47.0028.72%$0.83$0.884,060302
12161$2.70$2.81—$48.0027.90%$1.12$1.183,4001,201
66351$2.07$2.16—$49.0027.08%$1.48$1.566,772345
9748,486$1.55$1.6026.43%$50.00—$1.95$2.0214,250696
1,40617,558$0.60$0.6424.56%$52.50—$3.50$3.6013,60673
4,79433,407$0.19$0.2023.70%$55.00—$5.35$5.8515,78511
1,13814,595$0.06$0.1025.40%$57.50—$7.70$8.205,90118
58925,229$0.02$0.0325.84%$60.00—$10.25$10.6528,114266
710,167$0.01$0.0228.54%$62.50—$12.15$13.151,63431
—————$65.00—$14.25$16.10190

Forward $49.59. The 25-delta put carries +4.16 volatility points over the 25-delta call.

2026-12-24(48 days)ATM 26.74%±4.82skew +4.56
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$12.90$16.85—$35.00—————
100$4.90$6.70—$45.0030.26%$0.45$0.57637
—————$47.0029.56%$0.81$1.1502
—————$48.0028.08%$1.10$1.3705
—————$49.0026.99%$1.43$1.7330
915$1.65$1.9126.73%$50.00—$1.90$2.22514
—————$51.00—$2.50$2.7930
91$0.84$1.1025.87%$52.00—$3.20$3.5520
10$0.57$0.7424.99%$53.00—————
19$0.23$0.3824.76%$55.00—————
—————$65.00—$13.40$17.55—0
—————$70.00—$18.35$22.55—0
—————$75.00—$23.35$27.50—0

Forward $49.72. The 25-delta put carries +4.56 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 27.83%±6.06skew +4.89
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04,170$14.45$15.85—$35.0041.45%$0.06$0.0916,350161
02$13.15$14.85—$36.0040.16%$0.08$0.11464187
921,722$12.50$13.80—$37.00—————
05$11.40$12.85—$38.0037.55%$0.12$0.1898764
0100$10.65$11.90—$39.0036.77%$0.19$0.2188793
47,617$9.85$10.10—$40.0035.68%$0.24$0.2717,621176
06$8.60$10.00—$41.0034.49%$0.30$0.3495153
04,561$7.90$8.20—$42.0033.66%$0.40$0.4312,925180
0410$6.95$8.15—$43.0032.65%$0.50$0.553,89243
0120$6.30$7.20—$44.0031.90%$0.65$0.703,74425
7710,317$5.50$5.65—$45.0031.16%$0.84$0.8843,198217
1515$4.70$5.15—$46.0030.49%$1.07$1.113,909378
1225,885$4.00$4.20—$47.0029.67%$1.32$1.3934,828381
02,811$3.35$3.90—$48.0029.21%$1.67$1.732,74562
12272$2.78$2.87—$49.0028.59%$2.05$2.135,734145
95723,104$2.25$2.3327.90%$50.00—$2.51$2.5642,690474
1,13022,585$1.19$1.3126.73%$52.50—$3.75$4.1023,29361
1,54632,202$0.57$0.6125.60%$55.00—$5.55$6.0070,97978
87941,652$0.25$0.2625.07%$57.50—$7.30$8.3514,0180
2,35633,305$0.11$0.1225.42%$60.00—$9.85$10.959,3250
8223,616$0.05$0.0626.16%$62.50—$12.15$13.609,1710

Forward $49.75. The 25-delta put carries +4.89 volatility points over the 25-delta call.

How to read this

Calls on the left, puts on the right, the strike between them — the layout every chain uses. Each block is one expiration, and the heading carries its days to expiry, the at-the-money implied volatility, and the one-standard-deviation move that volatility implies over that time.

Only the 21 strikes nearest the forward are stored, which is the part of the board that carries the volume. The shaded side is in the money: below the forward for calls, above it for puts.

Implied volatility is shown on the out-of-the-money side only. An in-the-money option is nearly all intrinsic value quoted on a wide market, so a volatility solved from it would look authoritative and mean very little. The price is still shown, because the price is real; the blank is deliberate.