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Bank of America's Options Frenzy: What You Need to Know

Benzinga ·  Nov 29 23:16

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

Looking at options history for Bank of America (NYSE:BAC) we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 44% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $351,268 and 2, calls, for a total amount of $128,420.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $32.0 to...

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