Option traders moderately bearish in Bank of America (BAC), with shares down $1.57 near $50.70. Options volume running well above average with 190k contracts traded and calls leading puts for a put/call ratio of 0.82, compared to a typical level near 0.74. Implied volatility (IV30) is higher by 5.5 points near 33.12, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.06. Put-call skew steepened, indicating increased demand for downside protection.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAC:
- Fund Managers Believe that ‘Long Gold’ Is Now the Most Crowded Trade, Says BofA
- Bank of America (BAC) Tells Investors to Focus on ‘Value Stocks’
- Bank of America price target raised to $67 from $66 at Morgan Stanley
- Bank of America price target raised to $61 from $59 at TD Cowen
- Bank of America price target raised to $57 from $55 at Evercore ISI