Bank of America's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Bank of America (NYSE:BAC), with a mix of bullish and bearish sentiment. The options trades include 7 puts and 3 calls, targeting a price range of $32.0 to $55.0. Analysts have mixed ratings on BAC, with a consensus target price of $44.5.
July 05, 2024 | 3:02 pm
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Unusual options activity detected for Bank of America (NYSE:BAC) with a mix of bullish and bearish sentiment. Analysts have mixed ratings with a consensus target price of $44.5.
The detection of significant options activity suggests that large investors are making strategic moves, which could indicate upcoming volatility. However, the mixed sentiment (50% bullish, 40% bearish) and the range of analyst ratings suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100