Bank of America Corporation (BAC) $9.38 +3.02%
BofA (BAC) is up 28 cents to $9.39 and among 26 Dow stocks trading higher. The biggest options trades on the bank today are a 40000-lot of Oct 10 calls for a dime apiece on ISE. Data from ISE suggests a customer bought, to open. More than 84,000 now traded. Nov 10 calls are the second most actives in BAC. About 35,000 changed hands. The stock is up more than 5 percent in the past two days and moving to session highs. It is now within striking distance of the mid-Sept multi-month closing high of $9.55 per share. Meanwhile, 30-day implied volatility in the options in the stock is up 5 percent to 37.5 and in the 25th percentile of the 52-week range (28.5 in mid-August and 101 one year ago today).
Category: All Stocks, Banks, Large Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
