Jun. 11 at 5:19 PM
$BAC options flow is showing some interesting moves today
We've got a lot of activity in near-dated
$55 calls expiring June 18 with about 20k contracts and
$1.6M in premium
Short-term players seem to be eyeing that
$55 level so keep an eye on how the price reacts there
On the flip side, there's a big hedge in play with a Jan 2028
$50 put block with 5k contracts at
$4.75 which is around
$2.4M
This long-term downside hedge suggests some caution despite the short-term bullish bets
Overall, the activity isn't extreme
Momentum and volume are moderate so maybe hold off on any big moves until we see more
