Market Whales and Their Recent Bets on BAC Options - Bank of America (NYSE:BAC)

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 19 trades.

If we consider the specifics of each trade, it is accurate to state that 21% of the investors opened trades with bullish expectations and 68% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $1,178,484 and 13, calls, for a total amount of $745,738.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $50.0 for Bank of America over the last 3 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 $40.0 to $50.0 in the last 30 days.

Bank of America Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
BAC	PUT	TRADE	BEARISH	01/15/27	$6.45	$6.35	$6.44	$47.00	$966.0K	1.8K	1.5K
BAC	CALL	SWEEP	BULLISH	10/17/25	$1.12	$1.1	$1.12	$49.00	$115.2K	4.6K	1.0K
BAC	CALL	SWEEP	BEARISH	06/17/27	$5.0	$4.9	$4.9	$50.00	$98.0K	845	490
BAC	CALL	SWEEP	BULLISH	01/16/26	$1.66	$1.65	$1.66	$50.00	$83.0K	35.0K	539
BAC	CALL	TRADE	NEUTRAL	06/17/27	$4.9	$4.8	$4.85	$50.00	$77.6K	845	160

About Bank of America

Bank of America is one of the largest financial institutions in the United States, with more than $3.2 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.

Where Is Bank of America Standing Right Now?

Trading volume stands at 15,065,253, with BAC's price down by -0.44%, positioned at $44.53.
RSI indicators show the stock to be is currently neutral between overbought and oversold.
Earnings announcement expected in 34 days.

Expert Opinions on Bank of America

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $52.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Bank of America, targeting a price of $52.

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.

BACBank of America Corp

$61.730.74%

Overview

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