Whales with a lot of money to spend have taken a noticeably bearish stance onBank of America.

Looking at options history for Bank of America (NYSE:BAC) we detected 31 trades.

If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $219,025 and 27, calls, for a total amount of $2,141,226.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from...