Deep-pocketed investors have adopted a bullish approach towards Bank of America BAC, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BAC usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 30 extraordinary options activities for Bank of America. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 46% leaning bullish and 46% bearish. Among these notable options, 19 are puts, totaling $1,590,533, and 11 are calls, amounting to $575,429.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $37.0 and $55.0 for Bank of America, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Bank of America stands at 9260.06, with a total volume reaching 45,931.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Bank of America, situated within the strike price corridor from $37.0 to $55.0, throughout the last 30 days.
Bank of America 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BAC | PUT | SWEEP | BEARISH | 03/21/25 | $1.29 | $1.28 | $1.28 | $44.00 | $461.4K | 4.1K | 1 |
| BAC | PUT | SWEEP | BULLISH | 01/16/26 | $9.85 | $9.75 | $9.75 | $55.00 | $260.3K | 528 | 57 |
| BAC | PUT | SWEEP | BEARISH | 02/21/25 | $0.45 | $0.44 | $0.45 | $42.00 | $225.0K | 5.9K | 5.0K |
| BAC | CALL | SWEEP | BULLISH | 01/17/25 | $1.07 | $1.06 | $1.07 | $46.00 | $107.0K | 13.2K | 2.7K |
| BAC | CALL | SWEEP | BEARISH | 08/15/25 | $2.92 | $2.9 | $2.9 | $48.00 | $78.0K | 54 | 300 |
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
Bank of America's Current Market Status
- Currently trading with a volume of 20,733,457, the BAC's price is down by -0.18%, now at $45.99.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 8 days.
Expert Opinions on Bank of America
4 market experts have recently issued ratings for this stock, with a consensus target price of $54.25.
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. * An analyst from UBS upgraded its action to Buy with a price target of $53. * In a cautious move, an analyst from Truist Securities downgraded its rating to Buy, setting a price target of $52. * Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Bank of America, targeting a price of $58. * Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Bank of America with a target price of $54.
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.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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