Bank of America Unusual Options Activity - Bank of America (NYSE:BAC)

Core Insights - Deep-pocketed investors are adopting a bearish stance towards Bank of America, indicating potential significant market movements ahead [1] - The options activity shows a stark divide among investors, with 80% bearish and only 10% bullish sentiment [2] Options Activity Summary - Recent tracking revealed 10 notable options activities for Bank of America, with a total of $1,151,428 in puts and $298,954 in calls [2] - Significant investors are targeting a price range of $40.0 to $58.0 for Bank of America over the past three months [3] Volume and Open Interest Analysis - The analysis of volume and open interest provides insights into liquidity and investor interest in Bank of America's options, particularly within the $40.0 to $58.0 strike price range over the last 30 days [4] Significant Options Trades - A summary of significant options trades includes: - Bearish put trade with a total price of $1.1 million at a strike price of $50.00 [8] - Bearish call trades with varying strike prices and total trade prices, indicating a cautious outlook among investors [8] Company Overview - Bank of America is a major financial institution in the U.S. with over $3.2 trillion in assets, operating in consumer banking, global wealth management, global banking, and global markets [9] Analyst Ratings - Recent analyst ratings show a mixed outlook, with target prices ranging from $56 to $68, reflecting varying levels of confidence among analysts [12]