Market Whales and Their Recent Bets on BAC Options
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Bank of America (NYSE:BAC) shows a bearish stance among big-money investors, with 54% of trades being puts. The price target range is $28.0 to $41.0, and the stock is currently up 1.76% at $39.31. RSI indicators suggest it may be approaching overbought territory.
May 31, 2024 | 5:16 pm
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Recent options trading activity for Bank of America shows a bearish stance among big-money investors, with 54% of trades being puts. The stock is currently up 1.76% at $39.31, but RSI indicators suggest it may be approaching overbought territory.
The significant number of bearish options trades (54% puts) indicates a negative sentiment among big-money investors. Despite the current price increase, the RSI suggests the stock may be overbought, potentially leading to a short-term price decline.
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