Bank of America Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of bearish trades have been observed in Bank of America's (NYSE:BAC) options activity. Of the 57 unusual trades detected, 56% were bearish and 43% bullish. The total amount for puts was $185,138 and for calls was $6,473,042. Whales have been targeting a price range from $25.0 to $35.0 for Bank of America over the last 3 months. Analysts from Wells Fargo, HSBC, RBC Capital, and Piper Sandler have given varied ratings and price targets for the bank.
September 20, 2023 | 4:47 pm
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Bank of America has seen a significant amount of bearish trades in its options activity. Analysts have given varied ratings and price targets, indicating uncertainty in the market.
The bearish stance in Bank of America's options activity indicates a negative sentiment among investors, which could potentially drive the stock price down in the short term. The varied ratings and price targets from analysts further add to the uncertainty, potentially impacting investor confidence.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100