15700 BAC Dec 17 calls went up in block on the AMEX.?
Shares of Bank of America Corp (BAC) are up .03 to 16.03 today.? BAC is near the middle of the 52 week range.
- Paper traded 15700 BAC Dec 17 calls for .28.
- The ADV is 303k contracts.?
- The OI is 46924.
The volume went up in block on the AMEX.? There is huge open interest in Dec and these calls could be closing after the earnings.? It is very possible the trader wants a run into a probable rate rise in Dec. This is worth checking to see if the buying is accumulating more calls.? There is a large block of stock going up near the call trade time but it is not clear whether it is tied to the options or not.? The trade would be close to delta neutral.
- IV 30 is trading 26%.?
- HV10 is trading for 17%.?
- IV 30 is above the HV 10.
Bank of America Corporation is a bank holding and financial holding company.