Bank of America Corporation (BAC) is trading up .13 to 11.94.? The shares are trading closer to the 52-week high.
Today paper bought t 60,000 BAC Nov 9 puts for 0.21. ??Average volume is 403,000 contracts per day in the name.? Open interest is 4,449.
The volume looked like a buyer of puts in one block and the trade went up marked as spread which means there could be stock attached to it making for a backspread type trade.
30-day implied volatility is 32%.? ?10-day implied volatility is 15%.? 30-day implied volatility is trading above the 10-day historical volatility.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company.