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Barchart
Barchart
Mark R. Hake, CFA

Unusual Stock Options Activity in Bank of America Calls Highlights Its Value

BAC Bank of America Barchart Morningstar

A large volume of call options traded on Tuesday, Sept. 19 in Bank of America Corp (BAC) stock. The calls were deep "in-the-money" and indicated that investors believe in upside in BAC stock.

A report from Barchart shows that there were 25,500 contracts traded in the $24.00 strike price call options that expire in 30 days on Oct. 20, 2023. The Barchart Unusual Stock Options Activity Report on Sept. 19 showed that the volume of calls traded was 215 times the normal amount of call options outstanding.

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