Hefty prints in BofA (BAC) late. Shares are up 29 cents to $8.12 and continuing the 2012 surge. In late day options action, 128,000 April 7 calls traded on the $1.38 bid on PHLX and possibly part of an overwriting (register to read more …) [...]

read more from this topic.....

Big call buyer is back in BofA (BAC) Wednesday. Shares have added 25 cents to $7.38 and a 62500-contract block of Apr 8 calls is bought on the bank for 37 cents. The trade is tied to 2.3 million shares (register to read more …) [...]

read more from this topic.....

The top options trade so far today is in BofA (BAC), which is up 7 cents to $7.14, after one investor bought 62,500 April 8 calls on the stock for 28 cents per contract. The hefty trade is tied to (register to read more …) [...]

read more from this topic.....

Wells Fargo (WFC) loses 8 cents to $29.53 and options on the bank are actively traded today ahead of earnings. WFC reports Tuesday morning. 70,000 puts and 53,000 calls traded on the bank. Jan 30 calls, which are 1.6 percent (register to read more …) [...]

read more from this topic.....

Hudson City Bancorp (HCBK) trades down 32 cents to $6.94 and options volume on the Paramus, NJ savings and loan is running 2.5X the daily average after Nomura downgraded the stock to Reduce from Neutral. Most of the options volume (register to read more …) [...]

read more from this topic.....

JP Morgan (JPM) adds $1.52 to $34.77 and is one of 27 Dow stocks holding gains Tuesday morning. Recent options trades on the bank include a 10000-contract block of Feb 27 puts bought for 23 cents per contract. The trade (register to read more …) [...]

read more from this topic.....

BofA (BAC) loses 24 cents to $4.96 and is dipping below $5 per share for the first time since March 2009. The top options trades on the bank today: Feb 4 – Jan 6 strangle at 20 cents, 24000X. It (register to read more …) [...]

read more from this topic.....

Credit Suisse (CS) adds 71 cents to $23.29 after Bloomberg reported that the firm is consolidating banking operations to cut costs. The top options trade in CS so far today is a 3,555-lot of Jan 25 calsl bought for (register to read more …) [...]

read more from this topic.....

Wells Fargo (WFC) loses 70 cents to $25.59 and a Jan13 27.5 – Jan14 30 call spread trades on the stock at 20 cents, 11000X on ISE. Data indicate an opening spread traded firm-to-firm. The same play also traded at (register to read more …) [...]

read more from this topic.....

BofA (BAC) loses 30 cents to $5.42 and is battling for top spot with Intel (INTC) as the biggest percentage loser in the Dow Jones Industrial Average today. In options action, noteworthy trades on the bank include a Jan14 7 (register to read more …) [...]

read more from this topic.....