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Spike In BofA Bullish Call Activity Ahead Of FOMC

Tyler Durden's picture


With under 10 minutes to go to the FOMC decision, traders are scrambling for hints as to what may be coming. One place they are looking is BAC option activity, as this is a company which is in dire need of some monetary love (and at least steepening, hello OT2) from the Chairman. A quick look at the most actives shows that bullish bets far outstrip bearish ones, with almost 75k January 2012 and 2013 $12.5 calls having traded hands (granted it is unclear from this chart if the bulk of the activity was on the bid or offer side). Anyway, so much for guessing: everything will be revealed in just a few minutes...


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Wed, 06/22/2011 - 12:25 | 1392113 johngaltfla
johngaltfla's picture

So GS is buying out BAC?

Because that's the only way it's going to get saved.....unless the taxpayers are forced to eat more Countrywide shit sandwiches.

Wed, 06/22/2011 - 12:29 | 1392114 Atomizer
Wed, 06/22/2011 - 12:25 | 1392115 goldencross10
goldencross10's picture

As long as BAC has the Countrywide overhang, I'd be buying puts.

Wed, 06/22/2011 - 12:29 | 1392116 LawsofPhysics
LawsofPhysics's picture

Junkies are already anticipating their next "fix" from the fed.

Wed, 06/22/2011 - 12:30 | 1392120 Temporalist
Temporalist's picture

QE said to end on schedule.

Wed, 06/22/2011 - 12:36 | 1392143 Greeny
Greeny's picture

So f*cking what? Look at the Markets.. QE will continue

at least. Fed will continue to reinvest those

finance instruments, before need for

additional expand of Balance sheet..

Wed, 06/22/2011 - 12:27 | 1392126 Greeny
Greeny's picture

BAC is undervalued. Though I prefer picking up some GAS/OIL

MLP with good Div at discount.

Wed, 06/22/2011 - 12:37 | 1392163 lieutenantjohnchard
lieutenantjohnchard's picture

looks like we have another faux poster at zh. sighhhhhhhhhhh. look at the last few posts of his on various threads. his writing has gone from barely literate english to analytical.

Wed, 06/22/2011 - 12:46 | 1392182 Greeny
Greeny's picture

Yeah, I'm not the English teacher, but what do you

know about economics? Doomster.. Keep hiding in your basement

with Silver, bottled water, rifle and canned BBQ beans and don't

fart too much.. Collapse masterpiece.

Wed, 06/22/2011 - 12:47 | 1392196 lieutenantjohnchard
lieutenantjohnchard's picture
maybe you're not an english teacher but you sure are a quick learner. by Greeny
on Wed, 06/22/2011 - 10:35


Robot don't tell these guys that Dow will hit 15k They all praying to be the only one, who escape the "collapse", others should lose everything.. Yes, bobos, if you inspecting Inflation to rise, then welcome to reality, - Stock market will reflect that, by
going higher.

Wed, 06/22/2011 - 12:50 | 1392202 Greeny
Greeny's picture

Alright, you win, whatever you point is..

Beer is on me :)))

Wed, 06/22/2011 - 12:52 | 1392210 Dapper Dan
Dapper Dan's picture

This you Greeny?


Greeny 18 up, 8 down   The alias of an evil hacker known to have hacked over 100 computers and over 50 websites. "Greeny" is a SOB who just sits at his "PWH" all day and hack innicent people when he gets bored.
Wed, 06/22/2011 - 13:03 | 1392251 Greeny
Greeny's picture

Nahh, man, too old for that. Need to be at least 25 years

younger.. :))

Wed, 06/22/2011 - 12:55 | 1392222 downrodeo
downrodeo's picture

Yeah, I'm not the English teacher, but what do you

know about economics? Doomster.. Keep hiding in your basement

with Silver, bottled water, rifle and canned BBQ beans and don't

fart too much.. Collapse masterpiece.



Wed, 06/22/2011 - 13:08 | 1392257 I am a Man I am...
I am a Man I am Forty's picture

there aren't any numbers reliable enough out there to know what BAC is worth 

Wed, 06/22/2011 - 12:34 | 1392149 Robslob
Robslob's picture

Reminds me of those $16 call buys on XLF ($1,000,000,000 worth) before the last Opex in June...

Wed, 06/22/2011 - 12:34 | 1392151 Threeggg
Threeggg's picture

Check out Faux Business News right now. They are showing the floor of the CME and no one is doing anything ! Everyone is standing with their hands in their pockets !!!!!!!!!!!!

Nothing !!!!!!!!!!!!

Wed, 06/22/2011 - 13:00 | 1392241 A Man without Q...
A Man without Qualities's picture

If the mystery bidder is not buying, then neither is anybody else...

Wed, 06/22/2011 - 12:42 | 1392159 Threeggg
Threeggg's picture


Wed, 06/22/2011 - 12:39 | 1392160 Threeggg
Threeggg's picture

sorry for the hat trick .................

Must be the algo's

Wed, 06/22/2011 - 13:08 | 1392264 buzzsaw99
buzzsaw99's picture

meaningless. for every buyer there is a seller. My guess is that the bullish option buyers are the fools. the only bagholder dumb enough to buy BAC for more than $100B would be calpers.

Wed, 06/22/2011 - 13:50 | 1392406 Miles Kendig
Miles Kendig's picture

Wanna wager it's the DB buy & sell side creating "tape talk"....

Wed, 06/22/2011 - 13:49 | 1392403 Miles Kendig
Miles Kendig's picture

BAC needs steepening no doubts there.  Either pin the 2-3, the 10, or both and attempt another "normalization" of the 30 near 5%.

Just like San Diego weather forecasting in June...

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