Mixed options sentiment in Bank of America (BAC), with shares up 2c, or 0.03%, near $53.05. Options volume roughly in line with average with 63k contracts traded and calls leading puts for a put/call ratio of 0.25, compared to a typical level near 0.67. Implied volatility (IV30) dropped 0.67 near 25.99,and above the 52wk median, suggesting an expected daily move of $0.87. Put-call skew flattened, suggesting a modestly bullish tone.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAC:
- BofA, Citi among about 20 banks joining financing of EA buyout, Bloomberg says
- Tesla Stock Is Back within Striking Distance from Highs as AI Hype and New Analyst Forecasts Lift TSLA
- Big banks look to fight against potential $10M FDIC cap, WSJ reports
- Bank of America (BAC) Not Worried About Gold’s Pullback, Sets $5,000 Price Target
- UBS Files for U.S. Bank Charter Ahead of Earnings Release