Bank of America's Options: A Look at What the Big Money Is Thinking

Benzinga · Nov 12 04:02

Financial giants have made a conspicuous bearish move on Bank of America. Our analysis of options history for Bank of America (NYSE:BAC) revealed 29 unusual trades.

Delving into the details, we found 31% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $726,809, and 22 were calls, valued at $2,920,925.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $38.0 to $65.0 for Bank of America over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest...

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