Bank of America Attracts Call Buyers (BAC)

Shares of Bank of America Corp. BAC are trading higher on the session by 1.12%, at $13.52. They have been moving lower over the past three months, breeching and consolidating below the 50-day and 200-day moving averages. One trader is betting that share may a run over the next few weeks; a short while ago the May $14.00 call was purchased 19,000 times (Single block), on the offer, for $0.36. Volume has since risen to 48,000 contracts on the line; open interest is 147,323 contracts. Bank of America Corp. has 0.78% short interest. Bank of America Corporation is a bank holding company, and a financial holding company. Bank of America is a financial institution, serving individual consumers, small and middle market businesses, corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services.