27.000 BAC Jan20 24 calls for .52 and 6,000 Feb 22 calls went up in 2 blocks on the AMEX marked spread. ?
Shares of Bank of America Corp (BAC) are up .45 to 23.00.? BAC is making a 52 week high.
- Paper traded 27.000 BAC Jan20 24 calls for .52 and 6,000 Feb 22 calls for 1.79. ??
- ADV is 441k contracts.?
- The OI is 19950 43366 contracts.
The volume went up in 2 blocks on the AMEX marked spread. ?The trade is curious since both options traded above the offer price. There is heavy open interest on both so they could both be a close or a roll but the roll out would be to a lower strike.? The likely answer is closing a covered call in Feb and trying again for a covered call in Jan.? Massive closing in the BAC Dec09 22.5 calls today on a home run.
- IV 30 is trading 31%.?
- HV10 is trading for 32%.?
- IV 30 is at the HV 10.
Bank of America Corporation is a bank holding and financial holding company.