Looking At Bank of America's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Bank of America (NYSE:BAC), with 24 uncommon trades spotted, including 7 puts and 17 calls. The overall sentiment is split between 54% bullish and 45% bearish. Whales have been targeting a price range of $15.0 to $37.0 for BAC over the last 3 months. Citigroup maintains a Neutral rating on BAC with a price target of $31.
June 20, 2023 | 6:16 pm
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Bank of America has seen unusual options activity, with a mix of bullish and bearish sentiment. Whales target a $15-$37 price range. Citigroup maintains a Neutral rating with a $31 price target.
The unusual options activity in Bank of America indicates that there is significant interest from big-money traders, but the overall sentiment is mixed between bullish and bearish. This suggests that the short-term impact on BAC's stock price may be neutral. Citigroup's Neutral rating also supports this view.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100