Banks
Bank of America Corporation (BAC) $10.98 +3.78%
On a day driven by heavy ex-dividend activity in ETFs like EEM, EWA, EFA, as well as LVS and PAYX, Bank of America (BAC) Dec 11 calls are the day’s most actively traded equity options contract. The stock is up to session highs and 52 week highs after gaining 3.7 perfcent to $10.96, and the [...]
Bank of America Corporation (BAC) $10.52 +0.10%
BofA (BAC) is up a penny to $10.53 and a 9000-lot of Weekly (12/28) 10.5 puts trades on the bank this morning for 22 cents per contract on ISE. An investor bought the puts, to open, according to data from the exchange. 9,165 now traded against 8,806 in open interest. BAC hit a 52-week high [...]
Bank of America Corporation (BAC) $10.45 -0.10%
BofA (BAC) is down a penny to $10.45 after a big run-up the day before. In options action, one player sells 10,000 Feb 9 puts and 10,000 Feb 10 puts on the bank and bought 20,000 Mar 11 calls and 60,000 Mar 13 calls. Looks like a bullish play on expectations recent gains will hold [...]
Itau Unibanco Banco Holding SA (ITUB) $15.39 +0.56%
Itau Unibanco (ITUB) adds 9 cents to $15.40 and one player bought 4,000 Mar 17 calls on the San Paulo-bank for 38 cents and then bought 5,000 more for an average of 37.5 cents. 10,205 now traded against 2,640 in open interest. The flow looks tied to 250K shares at $15.50 and to express confidence [...]
Credit Suisse Group (CS) $24.09 +1.99%
Credit Suisse (CS) adds 45 cents to $24.07 and 4,130 Jan 23.97 calls trade on the bank against 906 in open interest. The flow includes a multi-exchange sweep of 2873 contracts for $1.125 per contract and appears to be an opening buyer, based on ISEE data. Bullish trading in CS comes ahead of an ECB [...]
Bank of America Corporation (BAC) $9.90 +0.43%
Bank of America (BAC) adds a nickel to $9.91 and is one of 26 Dow stocks to head higher on the first trading day for December. Players are possibly looking for a Santa Claus rally to lift shares of the bank heading into 2013, as the top options trade so far today is an 18000-lot [...]
Bank of America Corporation (BAC) $9.89 +0.35%
Largest trade of the opening 15mins printed in BAC on the PHLX where a cust bought 18800 March 10 calls to open for 67cents when shares were at 9.94.
Bank of America Corporation (BAC) $9.73 +1.09%
Bank of America (BAC) adds 10 cents to $9.73 and call volume outpaces put volume on the bank by a ratio of more than three-to-one. 187K calls and 61K puts so far. The top trade is a 40000-lot of Jan 10 calls bought for 37 cents per contract and tied to 1.76 million shares at [...]
Bank of America Corporation (BAC) $9.44 +0.11%
BofA (BAC) is flat at $9.43 and Jan 10 calls on the bank are today’s most actively traded options contarct. More than 210,000 have changed hands. One player sold 91,000 contracts for 31 cents each on PCoast (ARCA). Another 73,340 traded at 30 cents electronically on ISE. Open interest is more than 1.01 million and [...]
US Bancorp (USB) $32.67 +0.86%
Another big spread in US Bancorp (USB) looks similar to the first (see 9:49 color), as a Nov – Dec 34 put spread is sold on the bank at 29 cents, 14300X. Some of the Nov 34 puts were apparently opened on 10/17 at 59 cents per contract. The stock is up 37 cents to [...]
