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 18 trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $356,145 and 12, calls, for a total amount of $821,807.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $25.0 to $70.0 for Bank of America over the recent three 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 $25.0 to $70.0 in the last 30 days.
Bank of America Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BAC | CALL | TRADE | BULLISH | 01/16/26 | $22.4 | $22.4 | $22.4 | $25.00 | $224.0K | 6.6K | 100 |
| BAC | PUT | SWEEP | BEARISH | 03/21/25 | $3.7 | $3.6 | $3.7 | $50.00 | $92.4K | 306 | 1.2K |
| BAC | PUT | SWEEP | BEARISH | 01/17/25 | $0.91 | $0.9 | $0.91 | $47.50 | $85.5K | 38 | 1.1K |
| BAC | CALL | SWEEP | BEARISH | 01/17/25 | $2.1 | $2.01 | $2.01 | $45.50 | $80.3K | 5.3K | 20 |
| BAC | CALL | TRADE | NEUTRAL | 01/17/25 | $1.54 | $1.47 | $1.5 | $46.00 | $75.0K | 22.3K | 927 |
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.
Present Market Standing of Bank of America
- Currently trading with a volume of 9,832,355, the BAC's price is up by 3.01%, now at $47.16.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 1 days.
Professional Analyst Ratings for 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. * An analyst from Barclays has decided to maintain their Overweight rating on Bank of America, which currently sits at a price target of $58. * 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 Oppenheimer continues to hold a Outperform rating for Bank of America, targeting a 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.
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