Bank of America Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Bank of America (NYSE:BAC), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 12 options trades for Bank of America, with 11 puts and 1 call. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The price target for Bank of America over the last 3 months has been targeted between $15.0 to $28.0. The current price of BAC is up 0.12% at $25.6.
October 24, 2023 | 3:01 pm
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Unusual options activity has been observed for Bank of America, indicating a bearish stance by a large investor. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the bearish stance taken by a large investor, indicates a potential negative sentiment towards Bank of America. This could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100