mikeffi
Long

BAC poised for a financial overperform

NYSE:BAC   BANK AMER CORP
161 0 4
Financials led the market to the top of the current trading range of the S&P500             with BAC             closing at the high of the bar and closing in on the next key level. We have crosses of the shorter term EMAs and trading volume which has been high this week. we are considering an OTM bull call spread triggered only on a break of $16.67 and strikes which mirror the top end of Decembers price movement.

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