Whales with a lot of money to spend have taken a noticeably bullish stance on Bank of America.
Looking at options history for Bank of America BAC we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $278,150 and 5, calls, for a total amount of $284,505.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $52.5 for Bank of America over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $30.0 to $52.5 in the last 30 days.
Bank of America 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BAC | CALL | SWEEP | BULLISH | 01/16/26 | $7.4 | $7.1 | $7.4 | $40.00 | $111.0K | 19.1K | 153 |
| BAC | PUT | SWEEP | BULLISH | 01/16/26 | $9.65 | $9.55 | $9.55 | $52.50 | $78.3K | 970 | 82 |
| BAC | CALL | TRADE | BULLISH | 01/17/25 | $14.15 | $14.1 | $14.15 | $30.00 | $70.7K | 25.7K | 50 |
| BAC | PUT | SWEEP | BULLISH | 03/21/25 | $2.49 | $2.48 | $2.48 | $45.00 | $49.7K | 4.9K | 200 |
| BAC | PUT | SWEEP | BEARISH | 03/21/25 | $2.47 | $2.43 | $2.48 | $45.00 | $49.6K | 4.9K | 400 |
About Bank of America
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.
Having examined the options trading patterns of Bank of America, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Bank of America Standing Right Now?
- Currently trading with a volume of 8,161,031, the BAC's price is up by 0.67%, now at $43.79.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 28 days.
Expert Opinions on Bank of America
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $54.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Morgan Stanley downgraded its action to Equal-Weight with a price target of $55. * An analyst from Keefe, Bruyette & Woods has decided to maintain their Outperform rating on Bank of America, which currently sits at a price target of $57. * An analyst from Piper Sandler persists with their Neutral rating on Bank of America, maintaining a target price of $50.
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.
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