Market Whales and Their Recent Bets on BAC Options
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish interest in Bank of America (NYSE:BAC) options, with 18 unusual trades identified. The trades include 5 puts and 13 calls, indicating a mixed sentiment but a general bullish outlook. Analysts have set an average price target of $47.33, with some downgrades and maintained ratings. BAC is currently trading at $42.05, with an upcoming earnings release in 1 day.
October 14, 2024 | 3:30 pm
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Bank of America sees significant options activity with a bullish tilt, as 13 out of 18 trades are calls. Analysts have mixed ratings but an average price target of $47.33. BAC is trading at $42.05, with earnings due soon.
The options activity shows a bullish sentiment with more calls than puts, suggesting investors expect BAC's price to rise. Analysts' price targets are above the current trading price, supporting a positive outlook. The upcoming earnings release could further impact the stock price.
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