Bank of America Corp. (BAC) is trading up .13 to 11.89.? BAC is trading .30 off of one-year highs.
Today paper sold the BAC Aug 8/10 put spread for .27 10,000 times.? Open interest is over 10,000 contracts on both strikes. The name trades 403,000 contracts per day on average. ?The implied volatility is flat today in August. The trades look to be seller or roller of an existing short put position but on balance is a bullish trade.
30-day implied volatility is 30%.? ?10-day implied volatility is 29%.? 30-day implied volatility is trading just at the 10-day historical volatility.?
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company.