10000 BAC Feb2017 17 calls over 14 puts went up in 2 blocks on the PHLX marked spread.?

BAC

Shares of BankAmerica Corp (BAC) are up .38 to 16.16. BAC is near the middle of the 52 week range.

  • Paper traded 10000 BAC Feb2017 17 calls over 14 puts for .33.?
  • The ADV is 300k contracts.?
  • The OI is 23480 and 10039.

The volume went up in 2 blocks on the PHLX marked spread.? There is enough OI on the trade for a possible close but that would be at recent highs.? It is more likely that the customer is getting long buying calls and selling puts for a small debit.

  • IV 30 is trading for 27%.?
  • HV10 is trading for 25%.?
  • IV 30 is above the HV 10.

Bank of America Corporation is a bank holding and financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and governments with various banking, investing, asset management and other financial and risk management products and services.