Seeing some very good action in the Oct BAC options today, specifically the out of the money 10 call. That strike has pulled in a buyer at roughly 11 cents, while the Nov 10 strike is seeing some very good volume as well. The stock seems to have made a higher low in the 8.65 range and has rallied with the rest of the other big financials. The 10 level has been a problem of late but the recent action and volatility are quite attractive here for a short term trade. Momentum is key for quality option trades.
Disclosure: Long Oct 9 and 10 BAC calls
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
