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Whales with a lot of money to spend have taken a noticeably bearish stance on Bank of America.
Looking at options history for Bank of America (NYSE:BAC) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 12% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $261,446 and 4, calls, for a total amount of $242,765.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $32.0 to $60.0 for Bank of America over the last 3 months.
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Bank of America's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Bank of America's significant trades, within a strike price range of $32.0 to $60.0, over the past month.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
BAC | CALL | TRADE | NEUTRAL | 06/20/25 | $3.5 | $2.83 | $3.2 | $40.00 | $128.0K | 13.8K | 400 |
BAC | PUT | SWEEP | BEARISH | 08/16/24 | $0.19 | $0.18 | $0.19 | $37.50 | $76.5K | 9.8K | 4.1K |
BAC | PUT | SWEEP | BULLISH | 11/15/24 | $4.05 | $4.0 | $4.0 | $42.00 | $70.8K | 1.7K | 177 |
BAC | PUT | SWEEP | BEARISH | 09/20/24 | $21.45 | $21.25 | $21.45 | $60.00 | $57.9K | 44 | 27 |
BAC | PUT | SWEEP | BEARISH | 09/20/24 | $21.65 | $21.5 | $21.6 | $60.00 | $56.1K | 44 | 62 |
Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
In light of the recent options history for Bank of America, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $45.8.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Bank of America, Benzinga Pro gives you real-time options trades alerts.
Posted In: BAC