Mar. 10 at 3:10 AM
What's up with
$BAC?
Down nearly 4% over the last five sessions
Today's options tape is interesting
Traders are loading up on medium-term upside with those June 18
$50 to
$52.50 calls
Saw more than half of BAC’s ~
$28M options premium in aggressive ask-side sweeps on InsiderFinance
But with the stock still dipping, it looks like a speculative play unless BAC stabilizes
No strong directional signal yet
Maybe hold off on big moves