Investors with a lot of money to spend have taken a bearish stance on Bank of America (NYSE:BAC).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with BAC, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 9 uncommon options trades for Bank of America.
This isn’t normal.
The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $442,339, and 4 are calls, for a total amount of $135,492.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $41.5 and $55.0 for Bank of America, spanning the last three months.
Volume & Open Interest Trends
In …
Full story available on Benzinga.com
Investors with a lot of money to spend have taken a bearish stance on Bank of America (NYSE:BAC).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with BAC, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 9 uncommon options trades for Bank of America.
This isn’t normal.
The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $442,339, and 4 are calls, for a total amount of $135,492.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $41.5 and $55.0 for Bank of America, spanning the last three months.
Volume & Open Interest Trends
In …
Full story available on Benzinga.com
Investors with a lot of money to spend have taken a bearish stance on Bank of America (NYSE:BAC).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with BAC, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga’s options scanner spotted 9 uncommon options trades for Bank of America.
This isn’t normal.
The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $442,339, and 4 are calls, for a total amount of $135,492.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $41.5 and $55.0 for Bank of America, spanning the last three months.
Volume & Open Interest Trends
In …Full story available on Benzinga.com Read MoreBAC, BZI-UOA, Options, Markets, BAC, US0605051046, Options, Markets, Benzinga Markets
