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 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 $42.0 for Bank of America over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Bank of America's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Bank of America's whale activity within a strike price range from $20.0 to $42.0 in the last 30 days.
Bank of America Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
About Bank of America
Where Is Bank of America Standing Right Now?
- With a trading volume of 7,321,838, the price of BAC is up by 1.14%, reaching $38.65.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 63 days from now.
Expert Opinions on Bank of America
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $42.1.
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.
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