Bearish options flow identified in Bank of America (BAC), with shares down 92c near $48.62. Options volume roughly in line with average with 222k contracts traded and puts leading calls for a put/call ratio of 1.48, compared to a typical level near 0.8. Implied volatility (IV30) is higher by 3.5 points near 33.57, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.03. Put-call skew steepened, indicating increased demand for downside protection.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAC:
- “We Didn’t Know What We Didn’t Know” Ford Stock (NYSE:F) Slips as Tesla Teardown Reveals Truths
- Bank of America (BAC) Is Telling Investors to Sell Oil Stocks as Crude Prices Soar. Here’s Why
- Trump Trade: U.S. crypto bill hits impasse, Trump meets with Coinbase CEO
- U.S. crypto bill hits impasse, banks won’t back compromise, Reuters reports
- The Week That Was, The Week Ahead: Macro and Markets, Mar. 1