Bullish options play in Bank of America as shares test August multi-month highs
Bullish options play in Bank of America as shares test August multi-month highs. The stock is up another 39c to $16.19 and in the midst of a four-day 6.7% rally. An investor opens 21.2K Oct 28th 16.5 calls at 32.5c per contract. The new positoin appears to be rolling out of Oct 28th 15.5 calls, which traded 12.1K at nearly the same time at 92c per contract.