Looking At Bank of America's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Bank of America (NYSE:BAC), indicating a bullish stance by a large investor or institution. The sentiment among these big-money traders is split between 65% bullish and 35% bearish. The whales have been targeting a price range from $17.0 to $40.0 for Bank of America over the last 3 months. Wells Fargo and Oppenheimer have maintained their Overweight and Outperform ratings on Bank of America, with price targets of $40 and $49 respectively.
September 05, 2023 | 6:16 pm
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Bank of America has seen significant unusual options activity, indicating a bullish stance by a large investor or institution. Analysts from Wells Fargo and Oppenheimer have maintained positive ratings on the bank.
The unusual options activity indicates that a large investor or institution is taking a bullish stance on Bank of America, which could potentially drive the stock price up in the short term. Additionally, positive ratings from Wells Fargo and Oppenheimer further support this bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100