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Decoding Bank of America's Options Activity: What's the Big Picture?

Benzinga ·  Apr 30 00:01

Deep-pocketed investors have adopted a bearish approach towards Bank of America (NYSE:BAC), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BAC usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Bank of America. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 33% leaning bullish...

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