someone with a lot of money to spend has taken a bearish stance on bank of america bac and retail traders should know we noticed this today when the big position showed up on publicly available options history that we track here at benzinga whether this is an institution or just a wealthy individual we dont know but when something this big happens with bac it often means somebody knows something is about to happen so how do we know what this whale just did the overall sentiment of these bigmoney traders is split between 30 bullish and 70 bearish out of all of the special options we uncovered 6 are puts for a total amount of 508237 and 4 are calls for a total amount of 281609 taking into account the volume and open interest on these contracts it appears that whales have been targeting a price range from 210 to 300 for bank of america over the last 3 months in terms of liquidity and interest the mean open interest for bank of america options trades today is 180690 with a total volume of 779800 in the following chart we are able to follow the development of volume and open interest of call and put options for bank of americas big money trades within a strike price range of 210 to 300 over the last 30 days bank of america option volume and open interest over last 30 days where is bank of america standing right now   with a volume of 10823253 the price of bac is up 051 at 2785   rsi indicators hint that the underlying stock is currently neutral between overbought and oversold   next earnings are expected to be released in 71 days what the experts say on bank of america   oppenheimer has decided to maintain their outperform rating on bank of america which currently sits at a price target of 47   morgan stanley has decided to maintain their equalweight rating on bank of america which currently sits at a price target of 32   barclays has decided to maintain their overweight rating on bank of america which currently sits at a price target of 39   keefe bruyette  woods has decided to maintain their underperform rating on bank of america which currently sits at a price target of 29   bmo capital has decided to maintain their market perform rating on bank of america which currently sits at a price target of 41 options are a riskier asset compared to just trading the stock but they have higher profit potential serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely if you want to stay updated on the latest options trades for bank of america benzinga pro gives you realtime options trades alerts