nest I do not post here much but there is no way if bac has a good report in Oct that this will not be at least 21 end of year if santa clause happens they will be loading up for the Jan report. I to hold C and I expect that providing a good report in Oct to be at least 65. Nothing wrong with selling your C position which I have also but but have a ton of Jan options in both. Have a ton of bac warrants which along with option positions to me is the way to play it. Before the earnings report for bac I bought a decent amount of Jan 2017 15'S leaps for 3.28 which was a gift bought them the day before earnings. This is the cheapest bank money wise that you can buy, what is the price of C, JPM, WellsFargo. Your leverage in Bac is way better, might be wrong but we will see I expect that Bac will be able to raise the dividend next year continue to buy stock back. I think the Bac a warrants are a gift the dividends reduce the warrant price by the amount they pay so not out of the question they are paying .50 or better down the road. People forget bac was in the 50's prior 2008 and yes it can get there again with enough buybacks but that is down the road.