Bearish flow noted in Bank of America with 22,781 puts trading, or 1.4x expected. Most active are 9/6 weekly 40 puts and 9/6 weekly 41 calls, with total volume in those strikes near 14,500 contracts. The Put/Call Ratio is 1.99, while ATM IV is up nearly 3 points on the day. Earnings are expected on October 15th.
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Read More on BAC:
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