Or will it rise from the ashes?
With memories of Lehman and Bear Stearns, here are straddles (strangles) for BAC for October, November, and December. Computed with StraddlesCalc Tool, which shows the required move for each position to achieve profitability.
Very high risk, and potential high gain, perhaps a lottery ticket. Please do your own due diligence. This is not advice. Options are very dangerous and may cause 100% loss.