20000 BAC Dec15 26 calls and Dec15 22 puts went up for even money in two blocks on the PHLX
Shares of Bank of America Corp (BAC) are down .07 to 24.08. ?BAC is near the top of the 52 week range.
- Paper traded 20000 BAC Dec15 26 calls and Dec15 22 puts for even money.?
- The ADV is 426k contracts.?
- The OI is 10k and 14k contracts.
The volume went up in two blocks on the PHLX marked spread. ??The trader appears to get long deltas but giving some room on the down side to $22.? A large move up will create good size returns.
- IV 30 is trading for 20% ?
- HV10 is trading for 13%.?
- IV 30 is trading above the HV 10.
Bank of America Corporation is a bank holding company and a financial holding company.