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 BAC we detected 27 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $369,163 and 18, calls, for a total amount of $1,618,410.
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 $20.0 to $52.5 for Bank of America over the last 3 months.
Volume & Open Interest Development
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 $52.5 in the last 30 days.
Bank of America 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BAC | CALL | TRADE | BEARISH | 06/20/25 | $22.55 | $22.25 | $22.35 | $25.00 | $447.0K | 9.8K | 400 |
| BAC | CALL | SWEEP | BEARISH | 01/16/26 | $9.55 | $9.45 | $9.45 | $40.00 | $283.5K | 19.4K | 812 |
| BAC | CALL | SWEEP | BULLISH | 03/21/25 | $27.2 | $27.1 | $27.16 | $20.00 | $111.3K | 33 | 81 |
| BAC | CALL | SWEEP | BULLISH | 03/21/25 | $27.2 | $27.1 | $27.18 | $20.00 | $95.0K | 33 | 117 |
| BAC | CALL | SWEEP | BEARISH | 01/16/26 | $9.55 | $9.45 | $9.45 | $40.00 | $88.8K | 19.4K | 317 |
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.
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.
Current Position of Bank of America
- With a trading volume of 21,861,047, the price of BAC is up by 0.58%, reaching $46.8.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 84 days from now.
Expert Opinions on Bank of America
In the last month, 5 experts released ratings on this stock with an average target price of $53.4.
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. * Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Bank of America with a target price of $54. * Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Bank of America with a target price of $53. * 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 Piper Sandler keeps a Neutral rating on Bank of America with a target price of $49. * Showing optimism, an analyst from UBS upgrades its rating to Buy with a revised price target of $53.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Bank of America with Benzinga Pro for real-time alerts.
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