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What the Options Market Tells Us About Bank of America

Benzinga ·  Oct 9 23:46

Financial giants have made a conspicuous bullish move on Bank of America. Our analysis of options history for Bank of America (NYSE:BAC) revealed 18 unusual trades.

Delving into the details, we found 61% of traders were bullish, while 38% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $1,197,725, and 8 were calls, valued at $720,173.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $50.0 for Bank of America over the last 3 months.

Analyzing Volume & Open Interest

In terms...

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