Financial giants have made a conspicuous bearish move on Bank of America. Our analysis of options history for Bank of America (NYSE:BAC) revealed 13 unusual trades.

Delving into the details, we found 38% of traders were bullish, while 61% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $591,585, and 6 were calls, valued at $260,748.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $44.0 for Bank of America, spanning the last three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Bank of America options trades today is 7711.45 with a total volume of 10,550.00.

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 $35.0 to $44.0 over the last 30 days.

Bank of America 30-Day Option Volume & Interest Snapshot

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.

Where Is Bank of America Standing Right Now?

• With a trading volume of 22,941,830, the price of BAC is up by 0.43%, reaching $43.44.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 55 days from now.

What Analysts Are Saying About Bank of America

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $51.0.

Unusual Options Activity Detected: Smart Money on the Move

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Bank of America options trades with real-time alerts from Benzinga Pro.