Bank of America (BAC) volatility elevated shares near 28-month lows

Bank of America (NYSE: BAC) is recently down 1.1% to $6.90 following the company outlining its expensive savings strategy. The Buckingham Research Group has an $18 price target on the company. BAC October put option implied volatility is at 96, November is 84; above its 26-week average of 45 according to Track Data, suggesting larger price movement.

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