Moderately bullish activity in Bank of America (BAC), with shares up 32c, or 0.64%, near $50.81. Options volume roughly in line with average with 133k contracts traded and calls leading puts for a put/call ratio of 0.59, compared to a typical level near 0.88. Implied volatility (IV30) is higher by 0.2 points near 21.51,in the bottom quartile of the past year, suggesting an expected daily move of $0.69. Put-call skew flattened, suggesting a modestly bullish tone.
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:
- Bank of America (BAC) Lifts Gold Forecast as Fed Independence Hangs in the Balance
- Bank of America management to meet with Seaport Research
- Berkshire Hathaway (BRK.B) Pumps Mitsubishi Stake Past 10%, Shares Rise
- Urban Outfitters Stock (URBN) Is Down 7% Despite Blowout Earnings, Price Target Hikes
- “Not For At Least Five Years”: Intel (NASDAQ:INTC) Stock Surges With New Analyst Commentary