Financial giants have made a conspicuous bearish move on Bank of America. Our analysis of options history for Bank of America (NYSE:BAC) revealed 37 unusual trades.

Delving into the details, we found 45% of traders were bullish, while 48% showed bearish tendencies. Out of all the trades we spotted, 25 were puts, with a value of $1,600,134, and 12 were calls, valued at $408,606.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $48.0 for Bank of America during the past quarter.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Bank of America options trades today is 9159.25 with a total volume of 99,774.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Bank of America's big money trades within a strike price range of $20.0 to $48.0 over the last 30 days.

Bank of America Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About Bank of America

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.

Current Position of Bank of America

• Trading volume stands at 15,957,725, with BAC's price down by -0.09%, positioned at $42.3.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 84 days.

Expert Opinions on Bank of America

5 market experts have recently issued ratings for this stock, with a consensus target price of $48.2.

Unusual Options Activity Detected: Smart Money on the Move

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