Shares of Bank of America Corp (BAC) are down .15 to 16.51.? BAC is near the top of the 52-week range.
Today paper traded 19,995 BAC Jan 16 puts for .09.? The ADV is 294,000 contracts.? The OI is 35,000 contracts.
The volume traded in one block with an additional 8,770 contracts going up for .09.? 39,000 contracts went up on the strike with the volume looking like closing paper.? IV is down in BAC across the term structure.? This would be a very successful close as BAC is hovering around 6 month highs.
30-day implied volatility is 23%.? ?10-day implied volatility is 21%.? 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.?