BankAmerica Corp (BAC) is trading down .29 to 11.25 this morning. BAC is trading just off of its one year highs of 11.63.
A large block of BAC Apr 13 call went up for .33 6,000 times.?? Average contract volume is over 386,000 contracts per day in BAC.? Open interest is only 293 contracts.? The implied volatility in Apr is up 1 point today. The trade looks to be buying calls (lifting the offer) and the volume on the strike is over 15k.
30-day implied volatility is 40%.?? 10-day implied volatility is 33%.? 30-day implied volatility is trading over the 10 day historical volatility. ?
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Bank of America is a financial institution, serving individual consumers, small and middle market businesses, corporations and Governments with a range of banking, investing, asset management and other financial and risk management products and services.