Jul. 28 at 8:31 PM
Heavy flow on
$BAC:
$2.5M of premium through the Nov 20
$65 calls, 115 days to expiry. For what it's worth, the model puts the odds of price tagging that strike before expiry near 85%. For scale, that's about 4.7x the premium a typical flagged BAC print carries. The strike is 4.6% above spot (
$62.13), BAC has to actually move for these to pay, and 115 days out gives the thesis room to breathe. That is real, flagged size.
Call buying this size is either straight conviction on a move higher or a short position getting nervous, both read bullish for the coming months. Zooming out, flagged premium across the whole feed is running roughly 52% calls / 48% puts today, in line with the day's bias.
The open interest settle will show whether the position was actually held.
