BAC has been on a upward trend and I see no signs of it halting. BAC reports Earnings on the 18th of January. Jan 21 Calls are still relatively cheap, if you wait until next week or the week after the price of the Calls will most likely increase in price.
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Still long BAC, RSI is still strong. Volume is at 23 million. We have some PUTS working against us but I knew as soon as I Posted yesterday the SHORTS would have a field day. Not too smart to SHORT a financial stock in this Market.
@luja5, BAC just hit it's all time high but is expected to move $3.5 per share. If you are already in the trade like me, I was expecting to see the stock to reach at least 53.5 by earnings day, however I'm somewhat concerned with these Market conditions. The good news is when the Market is down in tech and with the Fed trying to increase rates the Financials always do better. BAC might do better than expected.
mthompson45
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@luja5, Also keep your eyes on C (Citigroup) on Monday, they have earnings on the 12th. If the Market is still down on Monday C may take off. 10.76 EPS 130.525B MARKET CAP 3.10% DIV YIELD 6.07 P/E