<p>Financial giants have made a conspicuous bullish move on Bank of America. Our analysis of options history for Bank of America (NYSE:BAC) revealed 38 unusual trades.</p>
<p>Delving into the details, we found 55% of traders were bullish, while 34% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $1,006,750, and 31 were calls, valued at $1,924,651.</p>
<h3>Expected Price Movements</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $33.0 and $65.0 for Bank of America, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Bank of America stands at 12633.17, with a total volume reaching 34,295.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Bank of America, situated within the strike price corridor from $33.0 to $65.0, throughout the last 30 days.</p>
<h3>Bank of America Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2025/1767034895_0.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Options Call Chart" original-src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2025/1767034895_0.png"/></p>

<h3>Largest Options Trades Observed:</h3>
<p></p><table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$1.68</td>
<td>$1.63</td>
<td>$1.66</td>
<td>$50.00</td>
<td>$323.7K</td>
<td>13.7K</td>
<td>1.9K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/15/26</td>
<td>$1.99</td>
<td>$1.94</td>
<td>$1.97</td>
<td>$52.50</td>
<td>$265.9K</td>
<td>2.1K</td>
<td>1.4K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/21/28</td>
<td>$3.7</td>
<td>$3.4</td>
<td>$3.5</td>
<td>$45.00</td>
<td>$245.0K</td>
<td>265</td>
<td>700</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$1.81</td>
<td>$1.74</td>
<td>$1.8</td>
<td>$57.50</td>
<td>$162.0K</td>
<td>28.7K</td>
<td>1.6K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$1.87</td>
<td>$1.81</td>
<td>$1.85</td>
<td>$57.50</td>
<td>$144.1K</td>
<td>28.7K</td>
<td>779</td>
</tr>
</tbody>
</table><p></p>
<h3>About Bank of America</h3>
<p>Bank of America is one of the largest financial institutions in the United States, with more than $3.2 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.</p>
<p>Following our analysis of the options activities associated with Bank of America, we pivot to a closer look at the company's own performance.</p>
<h3>Bank of America's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 12,283,726, the BAC's price is down by -0.04%, now at $56.15. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 16 days.</li>
</ul>
<h3>What The Experts Say On Bank of America</h3>
<p>A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $61.5.</p>
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* An analyst from Morgan Stanley has decided to maintain their Overweight rating on Bank of America, which currently sits at a price target of $68. 
* An analyst from Keefe, Bruyette &amp; Woods persists with their Outperform rating on Bank of America, maintaining a target price of $64. 
* Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Bank of America with a target price of $58. 
* An analyst from Piper Sandler persists with their Neutral rating on Bank of America, maintaining a target price of $56. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Bank of America with Benzinga Pro for real-time alerts.</p>

<p>Bank of America (NYSE:BAC) has seen significant bullish options activity, with 55% of traders showing bullish sentiment. The analysis revealed 38 unusual trades, with a total value of $2.93 million in calls and puts. The expected price range is between $33.0 and $65.0. Currently, BAC is trading at $56.15, down 0.04%, with an average analyst price target of $61.5. Analysts from Morgan Stanley, Keefe, Bruyette & Woods, and Truist Securities maintain positive ratings, while Piper Sandler holds a neutral stance. The anticipated earnings release is in 16 days.</p>

- Financial giants are increasingly bullish on Bank of America (NYSE:BAC), with 55% of traders showing bullish sentiment amidst 38 unusual trades.  
- Major market movers are anticipating a price band between $33.0 and $65.0, supported by average open interest of 12,633.17 and total volume of 34,295.00 in recent options activity.  
- Analysts recommend Bank of America with price targets ranging from $56 to $68, reflecting varied sentiments and market conditions ahead of the anticipated earnings release in 16 days.

Decoding Bank of America's Options Activity: What's the Big Picture?