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 a bullish sentiment among big-money investors, with 80% of trades being call options. The price target is between $30 and $45, with a consensus analyst target of $45. BAC's stock is currently neutral, with a slight decline of 0.53%.
September 25, 2024 | 8:45 pm
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Bank of America sees significant bullish options activity, with 80% of trades being calls. The stock is currently down 0.53%, but analysts have a target of $45. This suggests potential upward movement.
The high percentage of call options (80%) indicates a bullish sentiment among investors, suggesting they expect the stock to rise. The analyst target of $45 aligns with this sentiment, despite the current slight decline in stock price.
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