Maybe sell some 21 puts and hope you pick up part of a position. BBT may get to $20 or lower in which case you would add to your position. At $20 the dividend is over 3%.
Inlet, that's not a bad idea. This stock is so oversold it should be against the law.Still old mo is in charge now, and, I am inclined to wait for it to settle.Yet, trying to find the bottom rarely works.
Also, I am holding puts in T. Made money twice now, Bought puts again Friday, it's divi is all that's holding it up. Your tactic of getting BBT with a divi above 3% makes some sense.
My $18 buy price may not be a pipe dream after all.
Nobank, you're ambitious aren't you.BAC is on the verge of total capitulation, as I recall, someone on CNBC (I won't say who) claimed shorting BAC at 8 was a poor decision.