Bank of America Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Bank of America (NYSE:BAC) has seen unusual options activity indicating a mixed sentiment among big-money traders, with 43% bullish and 56% bearish. A total of 37 uncommon options trades were spotted, with puts totaling $794,333 and calls totaling $2,086,584. The options suggest a price window of $30.0 to $42.0 for BAC. The largest trades include both bullish and bearish calls with expiration dates ranging from 2024 to 2025 and strike prices from $30.00 to $42.00. Bank of America, a major US financial institution, has a current stock price of $35.65, up 0.73%, with an RSI indicating it may be approaching overbought territory.
March 06, 2024 | 5:31 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Bank of America has experienced unusual options activity with a mixed sentiment among investors, indicating potential volatility in its stock price in the short term.
The unusual options activity, with a nearly even split between bullish and bearish sentiments, suggests uncertainty among investors about Bank of America's future stock price direction. This uncertainty, combined with the significant amounts invested in both puts and calls, could lead to increased volatility in the short term. The specific mention of a price window between $30.0 and $42.0 provides a range within which significant price movements might be expected. However, the current stock price upswing and the approaching earnings release add layers of complexity to predicting the exact impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100