Check Out What Whales Are Doing With BAC
Portfolio Pulse from Benzinga Insights
A large bearish position on Bank of America (NYSE:BAC) has been spotted, with 11 options trades detected, split between 36% bullish and 63% bearish sentiment. Whales have been targeting a price range of $15.0 to $35.0 for BAC over the last 3 months.
May 30, 2023 | 4:16 pm
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A large bearish position has been detected in Bank of America (NYSE:BAC) options trades, with 63% bearish sentiment. Whales have targeted a price range of $15.0 to $35.0 over the last 3 months.
The detection of a large bearish position in Bank of America's options trades indicates that there may be a negative short-term impact on the stock price. The 63% bearish sentiment among big-money traders suggests that they expect the stock price to decline. Additionally, the targeted price range of $15.0 to $35.0 over the last 3 months shows that there is significant interest in this stock, further supporting the potential for a short-term price impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100