sold at $4.2, paid $2.8. thanks for the boost in confidence. It may run a bit more, but I came a long way from the bottom and locked in profits. 80 contracts.
so as it goes up they liquidate the short calls for a profit, thus pushing higher. i like it
im almost back to green. reversal looks good. should see $223 in a few minutes. Glad to see someone on here who wants to talk stocks and not other BS.
im in the calls at $223, so I'd be happy with a run back up to $225-226. They could drop it and close at $220... but with the run up yesterday, momentum should kick in at the 2% drop this morning and run back up like you said. Same thing happened with AAPL this morning, went to $99.2, then all the back up to $100.40. wish me luck!
low volume, it generally starts out slow and then should pick up after 12:30pm. markets should close green
Based on recent chart movements and stock price $14 seems like an inflection point.... If it breaks above that, it could move up to $15.50 which is where the next big resistance is set. That being said, the market is at a stale mate right now from completing the "W" formation. The market could pull back 3-4% before BAC and the market makes it's move. OR BAC could just be stopped at $14 and retrace back to $13 where the next support line is below. Either way, there is definitely some BIG money to be made here if the cards play right. Either way, a straddle/strangle will be an easy money maker at the 13.50 or 14 mark.
Personally, I can see this going to $15 or even as high as $17 by May 1st which is where BAC was in the beginning of Dec. Earnings due out 4/14/16 which is 1 day before opt ex. The $14's are .36 and the $15 are .09
Sentiment: Strong Buy