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I hedged my position, alittle though. I bought $7.50 puts when the price of stock was $16.50. Unfortunately my average price of the stock is $42.00 ouch
Still, better late than never. It was a smart move. From now on, I think you'll be hedging your bets so you're unlikely to lose in the future. And BAC will EVENTUALLY be a $50+ stock again so you really didn't lose anything.