U.S. stock futures are struggling to find positive ground this morning, as traders on Wall Street are reluctant to take a stand ahead of appearances by Federal Reserve Chair Janet Yellen and key economic data later this week. Specifically, Yellen will appear before U.S. lawmakers on both Wednesday and Thursday this week, while Friday offers up economic data on U.S. retail sales and inflation.

As a result of this holding pattern, futures on the Dow Jones Industrial Average are down 0.07%, S&P 500 futures are off 0.09% and Nasdaq-100 futures are lower by 0.16%.

On the options front, volume was anemic on Monday, with only about 11.5 million calls and 10.2 million puts changing hands. On the CBOE, the single-session equity put/call volume ratio slipped to 0.64, while the 10-day moving average once again ticked higher, arriving at 0.64.

Diving into Monday’s options activity, Bank of America Corp (NYSE:BAC) call traders are picking up steam ahead of next Tuesday’s quarterly earnings report. Meanwhile, Advanced Micro Devices, Inc. (NASDAQ:AMD) saw a bullish influx after Mizuho Securities issued a bullish note. Finally, Facebook Inc (NASDAQ:FB) slashed prices on Oculus hardware once again in order to spur flagging demand.

Bank of America Corp (BAC)

Earnings season is upon us once again, and Bank of America options traders appear to be gearing up for positive results next week. By the numbers, Wall Street is expecting a profit of 43 cents per share from BofA, two cents better than the same quarter last year.

Revenue, meanwhile, is expected to rise 5.4% to $21.91 billion. EarningsWhispers.com puts the second-quarter whisper number at 48 cents per share, a hefty 5 cents better than the consensus — so expectations appear to be rather high.

Options traders, too, appear to have high hopes for BAC stock. Volume was well above average on Monday, rising to 518,000 contracts, with calls snapping up 73% of the day’s take. What’s more, the July put/call open interest ratio has dropped to a reading of 0.50, with calls doubling puts among options most affected by next week’s report.

Currently, 21 Jul implieds are pricing in a potential post earnings move of about 3.5% for BAC stock, putting the upper bound at $25.88 and the lower bound at $24.12.

Advanced Micro Devices, Inc. (AMD)

The tech rally was kind to AMD stock yesterday, but the shares received a bit of an extra boost from Mizuho Securities. The firm reiterated its “buy” rating and lifted its price target on AMD to $15 from $14 on the premise that Advanced Micro Devices should have a better-than-expected second half of 2017. Driving that better performance will be gaming console seasonality, stronger PC demand and increased demand for GPUs due to the rising number of cryptocurrency miners.

AMD options traders responded to the report with calls. Volume rose to more than 394,000 contracts, with call options claiming 61% of the day’s take. Despite Monday’s attention to calls, some of the activity may have revolved around profit taking instead of buy-to-open activity.

AMD’s July put/call open interest ratio has risen from 0.51 on Thursday last week to its current perch at 0.56. This is either an indication of puts being added at a faster rate than calls, or a sign of traders closing out existing call positions. Given the recent attention to call volume, the latter seems most likely.

Facebook Inc (FB)

In a move to combat flagging demand, Facebook is once again cutting the price of its Oculus VR system. The VR hardware will now run just $400 (excluding the high-end PC required to support it), down from $600.

Facebook has sold a few hundred thousand Oculus systems, and while that is a solid number for the VR industry, it’s nowhere near what the company was hoping for in its VR revolution. The new $400 price tag should help, however, as it makes the device’s price competitive with Sony Corp (ADR)’s (NYSE:SNE) Playstation VR.

The price cut didn’t receive much fanfare in the financial media, so FB options traders may or may not have been affected. Regardless, some 383,000 contracts traded on FB stock yesterday, and calls made up about 63% of the day’s activity — just below FB’s average daily call percentage in the 64%-65% region.

Overall, the July put/call OI ratio currently rests at a middling reading of 0.70, as FB options traders appear listless amid the stock’s current trading range.

As of this writing, Joseph Hargett did not hold a position in any of the aforementioned securities.