What the Options Market Tells Us About Bank of America
Portfolio Pulse from Benzinga Insights
Recent options market activity indicates a bearish sentiment among large investors towards Bank of America (NYSE:BAC). Out of 8 detected trades, 75% were bearish, with significant put and call volumes. Analysts have mixed ratings, with an average target price of $45.8.
August 12, 2024 | 1:45 pm
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The options market shows a bearish sentiment towards Bank of America, with 75% of recent trades being bearish. Analysts have mixed ratings, with an average target price of $45.8.
The high percentage of bearish trades in the options market suggests that large investors are expecting a decline in Bank of America's stock price. This sentiment is further supported by mixed analyst ratings, with some downgrades and a moderate average target price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100