Option traders moderately bearish in Bank of America (BAC), with shares down 26c near $46.72. Options volume roughly in line with average with 156k contracts traded and puts leading calls for a put/call ratio of 1.0, compared to a typical level near 1.07. Implied volatility (IV30) is higher by 0.3 points near 25.94,and above the 52wk median, suggesting an expected daily move of $0.76. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Hold at HSBC.Looking ahead: Bank of America (BAC) will report earnings before the open on 2025-07-16.Option markets are pricing in a 50% probability of a move greater than 3.81% or $1.78.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAC:
- Bank of America price target raised to $48 from $43.50 at JPMorgan
- U.S. Bank Stocks Rally on Trump-Driven Market Volatility Ahead of Q2 Earnings
- Bank of America price target raised to $53 from $51 at Truist
- Bank of America price target raised to $57 from $52 at Keefe Bruyette
- Bearish options flow identified in Bank of America with shares down 2.78%