Market Whales and Their Recent Bets on BAC Options
Portfolio Pulse from Benzinga Insights
Market whales have shown a bullish stance on Bank of America (NYSE:BAC) with significant options trading activity. The trades include 11 puts and 16 calls, with a total trade value of $1,749,659. Analysts have mixed ratings, with price targets ranging from $40 to $49. BAC's stock is currently neutral with an RSI indicator and is down 2.33% at $40.32.
July 31, 2024 | 7:47 pm
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Market whales have shown a bullish stance on Bank of America (NYSE:BAC) with significant options trading activity. The trades include 11 puts and 16 calls, with a total trade value of $1,749,659. Analysts have mixed ratings, with price targets ranging from $40 to $49. BAC's stock is currently neutral with an RSI indicator and is down 2.33% at $40.32.
The significant options trading activity, with a higher value in calls than puts, indicates a bullish sentiment among market whales. Analysts' mixed ratings and price targets suggest potential upward movement, but the current stock price is down 2.33%, reflecting short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100