Bank of America (NYSE: BAC) closed at $26.50 Thursday.
BAC is scheduled to report Q2 EPS on July 21. Keefe Bruyette and Woods says: "BAC brings risky CountryWide assets on Balance sheet, lowering estimates."
BAC August call option implied volatility went out at 64, puts at 97, above its 26-week average of 45 according to Track Data, suggesting larger price movement.
Financial Select Sector-XLF overall volatility at 46; 26-week average is 37.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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Reader Comments (Page 1 of 1)
7-22-2008 @ 9:24AM
thomas a. smith said...
the chief operations officer should have his salary cut, his duties limited , should be held responsible for purchasing the bank rupt credit card company near Panama city having as I understand to pay a premium of 70 million. The laws are there on cashing checks and checking identification on the illegal aliens purchasing euro dollors , you go in some of their banks and they cannot speak english so you know they are not checking id the legal way.