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Smart Money Is Betting Big In BAC Options

Benzinga ·  Jul 19 22:34

Financial giants have made a conspicuous bullish move on Bank of America. Our analysis of options history for Bank of America (NYSE:BAC) revealed 9 unusual trades.

Delving into the details, we found 77% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $227,098, and 5 were calls, valued at $367,155.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $39.0 to $47.0 for Bank of America over the recent three months.

Volume & Open Interest Development

Assessing the volume and open interest...

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