Options Market Statistics: Bank of America Shares Surge, Options Pop on Promising Net Interest Income Rebound Forecast
News Highlights
$Apple (AAPL.US)$ ended 0.18% higher. Its options trading volume was 0.81 million. Call contracts account for 64% of the total trading volume. The $232.5 calls expiring July 19 were traded most actively.
$Bank of America (BAC.US)$ ended 5.35% higher. Its options trading volume was 0.54 million. Call contracts account for 69.5% of the total trading volume. The $40 puts expiring July 19 were traded most actively.
Bank of America reported better-than-expected second-quarter revenue and profit, driven by rising investment banking and asset management fees. The bank's earnings were 83 cents per share, beating the 80 cents per share estimate, and revenue was $25.54 billion, surpassing the $25.22 billion estimate. Although profit dropped 6.9% to $6.9 billion due to decreased net interest income (NII), revenue saw a slight increase.
Investment banking fees surged 29% to $1.56 billion, while asset management fees rose 14% to $3.37 billion, boosting the wealth management division's revenue by 6.3% to $5.57 billion. NII declined 3% to $13.86 billion, but new guidance suggests it will rise to about $14.5 billion in Q4, instilling investor confidence. This guidance helped Bank of America's shares climb 5.4%.
This report follows other major banks like $JPMorgan (JPM.US)$, $Wells Fargo & Co (WFC.US)$, $Citigroup (C.US)$, and $Goldman Sachs (GS.US)$, which also posted strong revenue and profit figures recently.
$SoFi Technologies (SOFI.US)$ ended 5.73% higher. Its options trading volume was 0.50 million. Call contracts account for 74% of the total trading volume. The $7 calls expiring July 19 were traded most actively.
Unusual Stock Options Activity
There was a noteworthy activity in $Bank of America (BAC.US)$, where multiple puts have topped volume to open interest ranking. The highest volume over open interest ratio reaches 133.5x with 17,356 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
Call/Put Option: Trade Options: Quickstart Guide
Option Expiration: Trade Options: Quickstart Guide
Implied Volatility Rank: Volatility Analysis: IV, HV, IV Rank, IV Percentile
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