Looking At Bank of America's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bullish stance on Bank of America (NYSE:BAC), with 60% of recent unusual options trades being bullish and 39% bearish. The trades include 19 puts worth $2,571,840 and 9 calls worth $479,929. Whales have been targeting a price range from $23.0 to $35.0 for Bank of America over the last 3 months. The bank's stock is currently down -0.12% at $25.88. Analysts from Oppenheimer, Morgan Stanley, RBC Capital, HSBC, and Piper Sandler have maintained or adjusted their ratings and price targets.

October 04, 2023 | 2:47 pm
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Bank of America has seen a surge in unusual options activity, with a majority being bullish. The stock is currently down slightly.
The bullish sentiment in the options market, coupled with the price targets set by various analysts, suggests a potential upside for Bank of America's stock in the short term. However, the stock is currently down, indicating some market uncertainty.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100