Bank of America Unusual Options Activity For October 11
Portfolio Pulse from Benzinga Insights
Bank of America (BAC) has seen unusual options activity, with 14 strange trades detected. Half of the investors opened trades with bullish expectations and half with bearish. Whales have been targeting a price range from $24.0 to $35.0 for BAC over the last 3 months. The price of BAC is down -0.28% at $26.93. Analysts from Oppenheimer, Morgan Stanley, Piper Sandler, and RBC Capital have maintained or adjusted their ratings and price targets for BAC.
October 11, 2023 | 6:01 pm
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Bank of America has seen unusual options activity, with a mix of bullish and bearish expectations. The stock price is currently down, and analysts have maintained or adjusted their ratings and price targets.
The unusual options activity indicates a high level of interest in BAC, which could lead to increased volatility. The mixed expectations from investors and the current downward trend in the stock price suggest uncertainty. The maintained or adjusted ratings and price targets from analysts also contribute to this uncertainty.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100