Active trading in Bank of America calls as shares dip
Active trading in Bank of America calls as shares dip. The stock down 25c to $22.82 and some players are likely liquidating expiring Apr 23 calls. 20.9K traded at that line against 186.1K in open interest, which is the second largest open interest in the name. These calls are falling 18c out of the money and some are likely being rolled to next week's Apr 28th 23.5 calls, which traded 22.8K, and May 23 calls, where volume is 19.5K contracts. Overall call activity outpaces puts nearly 2:1 at 140K calls verses 74K put options.