Put Spread Trades In BAC
Shares of Bank of America Corp (BAC) are down .79 to 15.15 today. ??? ?BAC is near the middle of the 52 week range.
Today paper traded 16500 BAC Jun 13/15 put spreads at .38.? The ADV is 293k contracts.? The OI is 2257 and 30649 contracts.
The volume went in two blocks.? Trade on the day is brisk and this was the largest block in BAC with the customer looking like they are selling.? From the OI it could be a roll down as the trader takes profits on the 15 strike.? This is worth checking the Jun 15 OI tomorrow in case the trader is rolling down.? In that case the trader is looking to take a new OTM long put position.
30-day implied volatility is 25%.?? 10-day implied volatility is 25%.? 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. Bank of America is a financial institution, serving individual consumers, small and middle market businesses, corporations and Governments with a range of banking, investing, asset management and other financial and risk management products and services.