Bank of America (BAC) was trading around $17.15 in pre-market, but opened at $17 and is now down 13 cents to $16.95 (session lows) in active early trading Friday. In the options market, BAC April 13 puts are the most actively traded contract in the first 15 minutes. More than 31K traded including a multi-exchange sweep of 24.5K at the 6-cent Asking price. Implied volatility in BAC is up about 1 percent to 29.5. So, the tone of trading seems somewhat cautious. No news on the bank today.
WhatsTrading.com
Objective Real Time Market Intelligence
Bank of America Corporation New (BAC) $17.00 -0.46%
Posted on March 19th, 2010 9:51 am
(0 votes, average: 0.00 out of 5)You need to be a registered member to rate this post.
Loading ...Welcome
Option 8-ball
In the News
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| « Jan | ||||||
| Mouse over a bold date for a list of stories (premium stories are starred) | ||||||
| 1 | 2 | 3 | 4 | |||
| 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| 12 | 13 | 14 | 15 | 16 | 17 | 18 |
| 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 26 | 27 | 28 | 29 | |||
Sections
- **Flow Monitor**
- All Symbols
- AutoPost
- Buy-Write
- MarketUpdate
- NY Expo Case Study
- Options 101
- ToolBox
- TradeOday
- Uncategorized
1 user commented on " Bank of America Corporation New (BAC) $17.00 -0.46% "
Follow-up comment rss or Leave a TrackbackReliable source tells me this is a customer rolling a hedge. They do it each month, at the expiration, and is basically hedging long stock with April 13 puts.