18726 BAC Sep23 15.5 calls over Oct21 16 calls went up in one block on the AMEX marked spread.?

BAC

Shares of Bank of America Corp (BAC) are down .13 to 15.51 today. BAC is near the middle of the 52 week range.

  • Paper traded 18726 BAC Sep23 15.5 calls over Oct21 16 calls for .17 and .29.
  • The ADV is 320k contracts.?
  • The OI is 88768 and 125k contracts.

The volume went up in one block on the AMEX marked spread.? This trade looks like a continuing roll where the customer wants to own the Oct21 16 calls.? There looks like substantial OI left to roll.

  • IV 30 is trading for 25%.?
  • HV10 is trading for 13%.?
  • IV 30 is trading above the HV 10.

Bank of America Corporation is a bank holding and financial holding company.