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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.
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.
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.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
BAC | CALL | SWEEP | BULLISH | 11/15/24 | $5.1 | $5.05 | $5.1 | $35.00 | $125.9K | 4.4K | 300 |
BAC | CALL | TRADE | BEARISH | 01/17/25 | $11.35 | $11.3 | $11.3 | $28.00 | $113.0K | 20.0K | 100 |
BAC | PUT | SWEEP | BEARISH | 06/21/24 | $0.43 | $0.42 | $0.43 | $37.00 | $105.8K | 20.7K | 2.4K |
BAC | PUT | SWEEP | BEARISH | 07/19/24 | $1.18 | $1.16 | $1.18 | $38.00 | $76.7K | 2.6K | 652 |
BAC | PUT | SWEEP | BEARISH | 09/20/24 | $4.1 | $4.05 | $4.1 | $42.00 | $62.7K | 155 | 147 |
Bank of America is one of the largest financial institutions in the United States, with more than $3.0 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.
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.
Posted In: BAC