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Looking At Bank of America's Recent Unusual Options Activity

Benzinga ·  May 14 23:45

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 13 trades.

If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $390,953 and 7, calls, for a total amount of $436,390.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to...

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