BofA Options Volume Alert (BAC)

Posted in General, Options 
December 3rd, 2009

Bank of America Corporation (NYSE: BAC) is almost always one of the most active call options stocks out there.  But today we are seeing a flurry of trading activity based upon last night’s announcement that it is repaying the full TARP amount.  This first list is the DEC-2009 CALLS and we followed it with DEC-2009 PUTS as well:

CALL$    Volume    OpInt
$15.00    10,711    37,503
$16.00    99,716    102,460
$17.00    62,006    109,868
$18.00     16,721    84,740
$19.00    3,041    20,268
$20.00    1,849    12,537

PUT$    Volume    OpInt
$14.00    2,933    104,680
$15.00    23,208    104,484
$16.00    74,628    84,786
$17.00    97,617    37,044

The stock is up 2.5% at $16.04 on the reactio to last night’s news.  At 12:05 PM EST we have already more than doubled the average volume with about 374 million shares trading hands…. 4 hours to go.

JON C. OGG
DECEMBER 3, 2009

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