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 11 trades.
If we consider the specifics of each trade, it is accurate to state that 18% of the investors opened trades with bullish expectations and 81% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $379,858 and 3, calls, for a total amount of $221,066.
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 $45.0 to $50.0 for Bank of America over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Bank of America stands at 3538.2, with a total volume reaching 1,451.00. 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 $45.0 to $50.0, throughout the last 30 days.
Bank of America Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BAC | CALL | SWEEP | BULLISH | 02/21/25 | $0.5 | $0.49 | $0.49 | $45.00 | $141.9K | 8.9K | 117 |
| BAC | PUT | SWEEP | BEARISH | 04/17/25 | $3.3 | $3.2 | $3.3 | $48.00 | $66.0K | 996 | 100 |
| BAC | PUT | SWEEP | BEARISH | 04/17/25 | $2.65 | $2.52 | $2.65 | $47.00 | $53.0K | 4.1K | 400 |
| BAC | PUT | SWEEP | BEARISH | 04/17/25 | $2.57 | $2.49 | $2.57 | $47.00 | $51.4K | 4.1K | 0 |
| BAC | PUT | SWEEP | BEARISH | 04/17/25 | $5.4 | $4.8 | $5.4 | $50.00 | $50.2K | 400 | 100 |
About Bank of America
Bank of America is one of the largest financial institutions in the United States, with more than $3.2 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.
Current Position of Bank of America
- With a trading volume of 1,646,293, the price of BAC is down by -0.1%, reaching $45.26.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 53 days from now.
Unusual Options Activity Detected: Smart Money on the Move
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