Bank of America (BAC) Option Traders Expect Strong Earnings

Optimistic investors have bid up the share prices of Bank of America Corporation (BAC) ahead of the company’s fiscal third quarter earnings announcement. At first glance, it appears that option traders are positioned for a positive move, as options are priced for a move higher, and there are a greater number of call options in the open interest than puts. The unusual option activity could create a strong upward trend in the price action if Bank of America delivers a positive earnings…

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