Shares of Bank of America Corp. (BAC) are up .19 to 11.30.? BAC is trading $1 off of its 52-week high.
Today the BAC May 8 put traded for .05 in one block of 10,000.? The average contract volume is 419,328 contracts per day in the name.? Open interest is 87754 contracts in the strike.? The implied volatility is flat in May.
The trade looks like seller taking profits and OTM puts are trading heavily in multiple months.
30-day implied volatility is 33%.? 10-day implied volatility is 31%.? 30-day implied volatility is trading at the 10-day historical volatility.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company.