Decoding Bank of America's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Bank of America (NYSE:BAC) shows significant interest from large investors, with a mix of bullish and bearish trades. The options trades include 6 puts and 10 calls, with a total trade value of over $1.27 million. Analysts have mixed ratings on BAC, with price targets ranging from $39 to $48. The stock is currently trading at $38.35, up 0.48%, and may be oversold according to RSI readings.
August 13, 2024 | 6:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Bank of America has seen significant options activity with a mix of bullish and bearish trades. Analysts have mixed ratings, with price targets ranging from $39 to $48. The stock is currently trading at $38.35, up 0.48%, and may be oversold according to RSI readings.
The mixed sentiment in options activity and varied analyst ratings suggest uncertainty in the short-term direction of BAC's stock price. The current trading price and RSI readings indicate potential oversold conditions, which could lead to a rebound or further decline depending on market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100