BAC - Bank of America

BAC above 16.00 today on a down day.

 

BAC led the big banks again today on strong volume in a down market. The Jobs report on Friday will be in focus

 

With futures down, BAC inching up in pre-market on 811K traded

 

BAC giving back some of it's gains from a overbought level in a down market

 

TTT was this you!?!?

https://finance.yahoo.com/news/trader-bets-1-2-million-164725124.html

 

LOL...No not me, my trades were for a little bit less money. My last buys were during Brexit

 

Oh man, this person has gotta be crapping their pants right now...

Break even is $16.12, I don't even know if the jobs # can get it back there by tomorrow.

 

That big of a wager, when I was in the money I would have taken the $$$ and ran

BAC at 15.97 as I type

 

BAC was down considerably pre market on jobs report now starting to recover. May prove interesting how it closes today

 

Welp, looks like someone is going to be out a cool $1.2M unless they sell before the bell rings.

Not sure how I would be able to break that news to my wife

 

With the markets melting down BAC is not far from the HOD

 

Am I the only one playing BAC?

 

Long-term hold for me.

 

i've got $18 calls in oct & nov

 

A lot of investors are still betting on a rate hike

 

Nice to see BAC taking a bounce after the hit financials took yesterday

 

Bank of America sees large call sale
A large trade is betting that upside potential is limited in Bank of America.

optionMONSTER's monitoring systems shows that 14,700 Weekly 16.50 calls expiring on Nov. 4 were sold in one print for $0.20 yesterday. This is clearly a new position, as open interest in the strike was only 568 contracts before the trade occurred.
http://finance.yahoo.com/news/bank-america-sees-large-call-134726060.html

 

With the markets in the red, BAC is trading strong leading the financial sector a small step behind C followed by JPM and GS

 

Bulls are piling into Bank of America
Traders are looking for Bank of America to rally by the end of this month.

optionMONSTER's monitoring program shows that 12,000 Weekly 16 calls expiring on Oct. 28 were purchased for $0.37 and $0.38 yesterday morning. This represents fresh buying, as volume surpassed the strike's open interest of 3,813 contracts.

Long calls lock in the price where investors can buy stock, allowing them to profit from a rally with limited capital at risk. Their cheap cost can also generate significant leverage on a percentage basis if shares move in the right direction. (See our Education section)

BAC rose 1.09 percent to $15.80 yesterday and is up 23 percent in the last three months. The financial giant is scheduled to report eranings before the marke opens on Oct. 17.

Overall option volume in the name was twice its daily average yesterday. Calls outnumbered puts by a bullish 4-to-1 ratio.
http://finance.yahoo.com/news/bulls-piling-bank-america-142206443.html

 

BAC looks strong. I think 17.5-18.0 in a few sessions will be real.