Filed under: Bank of America (BAC), Options

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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This entry was posted on Saturday, July 19th, 2008 at 5:17 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.