Mar. 3 at 11:03 PM
$BAC had a rough 3.7% slide over 5 days, setting up a bearish short-term vibe
But today, options action was all about that
$50 to
$52.5 zone
Big June 52.5 call sweeps clashed with a hefty April 50 put block
Around
$10M in June calls traded, marking the
$52.5 line as key for any move back into the low
$50S
Meanwhile, a
$6.1M April put block at
$50 is crucial, acting as a pivot point that could halt any clean upside
Options momentum is up 4 times the norm with
$23.3M in premium over the last 5 days
But with put flow at 50, things could get interesting
