Michael Shulman

OIB Trade Alert: CVS, GILD, TWTR

The market has been choppy lately with a downward bias due to concerns about interest rates and the spillover of those concerns from bond to equity markets. Fed Chair Jerome Powell is expected to reassure markets of the central bank’s commitment to its bond-buying program during his appearance at a Wall Street Journal webinar today.…

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OIB Trade Alert: BAC

I am recommending we close our Bank of America (BAC) put. Current Stock Price: $36.24 Cash in Hand: $0.40 Action: Buy to close the BAC Mar Week One (3/5) 35.50 Put Current Option Price: $0.11-$0.12 Recommended Limit: Set your initial limit order at $0.12, but adjust as needed to close today Profit: $0.28, or $28…

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