Smart Money Is Betting Big In BAC Options
Portfolio Pulse from Benzinga Insights
Financial giants have made significant bullish moves on Bank of America (NYSE:BAC) options, with notable trades indicating a price window of $32.0 to $42.0. The stock is currently trading at $39.77, up by 0.24%, with an upcoming earnings report in 41 days. Analysts have mixed views, with a target price of $37.0.
June 05, 2024 | 2:01 pm
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Financial giants have made significant bullish moves on Bank of America (NYSE:BAC) options, with notable trades indicating a price window of $32.0 to $42.0. The stock is currently trading at $39.77, up by 0.24%, with an upcoming earnings report in 41 days. Analysts have mixed views, with a target price of $37.0.
The significant bullish options trades and the current upward movement in BAC's stock price suggest a positive short-term impact. However, mixed analyst ratings and the RSI indicating a potential overbought condition temper the overall bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100