Looking At Bank of America's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner detected over 11 options trades for Bank of America (NYSE:BAC) totaling $365,861. Whales have been targeting a price range from $20.0 to $33.0 for Bank of America over the last 3 months. The mean open interest for Bank of America options trades today is 14933.43 with a total volume of 17,951.00. BMO Capital, Oppenheimer, and Keefe, Bruyette & Woods have maintained their ratings on Bank of America with price targets of $40, $49, and $30 respectively.
November 08, 2023 | 3:46 pm
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POSITIVE IMPACT
Increased options activity and positive analyst ratings could potentially boost Bank of America's stock in the short term.
The detected options trades indicate a high level of interest in Bank of America's stock. Additionally, the maintained and upgraded ratings from BMO Capital, Oppenheimer, and Keefe, Bruyette & Woods could potentially attract more investors, driving the stock price up.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100