A Closer Look at Today's Options Activity for Bank of America Corporation (BAC)

Posted on 04/01/2013 by Tom Kaplan

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NEW YORK (AVAFIN) -- During the last trading session, a new 90-day call record for traded contracts was established. There were 3.1 calls traded for every put contract yielding a 0.32 put/call ratio.

The skewed options ratio suggests that traders are re-balancing their portfolios in anticipation of a price shift. Unusual volume activity directly reflects investor outlook and confirms that a stock move is imminent.

Bank of America Corporation is a bank holding and a financial holding company, which through its subsidiaries, provides banking and nonbanking financial services and products throughout the United States and in selected international markets.

U.S. financial institutions may be facing a Japan-style macroeconomic scenario, in which weak loan demand and low interest rates will result in many years of shrinking balance sheets and declining profitability. Additionaly, Legacy legal liabilities and increasing capital requirements will inevitably require Bank of America to raise more capital, diluting shareholders.

Bank of America Corporation (BAC) opened today at $12.15 and is currently trading at $12.15, down $0.03 (0.25%) during last trading session. Performance indicators show that the stock has gained 5.64% within the last quarter. The daily low is $12.10 and the high is $12.28. The trading volume of 85M is below the average volume of 163M shares. BAC is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $6.72 and 52 week high is $12.94. The stock has a P/E ratio of 48.72 and a dividend yield of 0.33%.

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