Looking At Bank of America's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Bank of America (NYSE:BAC), with a significant number of bullish trades. This suggests potential positive movement in BAC's stock price. The options activity includes 13 extraordinary trades, with a mix of calls and puts, indicating a targeted price range of $35 to $50. Despite a recent price drop, analyst ratings remain positive with a target price of $45.
September 11, 2024 | 5:48 pm
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Unusual options activity for Bank of America indicates a bullish sentiment among investors, with a targeted price range of $35 to $50. Despite a recent price drop, analyst ratings remain positive with a target price of $45.
The unusual options activity, with a majority of trades being bullish, suggests that investors expect BAC's stock price to rise. The targeted price range of $35 to $50 indicates confidence in the stock's potential. Additionally, a recent analyst upgrade to 'Buy' with a target price of $45 supports this bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100