Looking At Bank of America's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity on Bank of America (NYSE:BAC) shows a bearish sentiment among financial giants, with 48% of trades being bearish. The options trades include 25 puts valued at $1.6 million and 12 calls valued at $408,606. Analysts have mixed ratings, with price targets ranging from $46 to $50.
October 24, 2024 | 7:00 pm
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Bank of America has seen unusual options activity with a bearish sentiment, as 48% of trades are bearish. Analysts have mixed ratings with price targets ranging from $46 to $50.
The unusual options activity indicates a bearish sentiment among traders, with a significant number of put options being traded. This suggests that investors expect the stock price to decline in the short term. Additionally, the mixed analyst ratings and price targets indicate uncertainty about the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100