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Short

BAC: Short if Support Breaks Down Here

BATS:BAC   BANK AMER CORP
355 6 1
This 9$ level presents more shorting opportunity if it starts breaking down. The monthly chart looks scary for Longs. This position looks scary either direction and will need some intra-day confirmation. Nonetheless, it does meet 2:1 RR criteria.

Options Play: Jan Puts, Strike: 10
Option Price at time of chart creation: $0.99

token99
4 years ago
Will BAc go to 8,50 ?
Reply
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