40000 BAC Apr28 22.5 puts went up in 1 block on the PHLX.? ?
Shares of Bank 0f America Corp (BAC) are up 30 to 23.05 today.? BAC is near the middle of the 52 week range.
- Paper traded 40000 BAC Apr28 22.5 puts for .22.?
- The ADV is 426k contracts.?
- The OI is 78k contracts.
The volume went up in 1 block on the PHLX.? ?These puts look sold on the bid and could be opening.? The timing was very good as BAC lifted right away with the bid only .16 as of this post.? Even if the puts were closing, the trader is giving up and getting out into the potential move this weekend.? BAC already posted earnings this week.
- IV 30 is trading 24%
- HV10 is trading for 16%.?
- IV 30 is trading above the HV 10.
Bank of America Corporation is a bank holding company and a financial holding company.