Bank stocks have been struggling, including Bank of America (BAC) and Citigroup (C). Let’s accept shares, and I will recommend calls to sell against them soon.
BAC Mar Week One (3/4) 48 Put
Current Stock Price: $40.71
Cash in Hand: $0.97
Action: Accept shares
Cost Basis: $47.03
Potential Rate of Return: I am targeting breakeven for this position
C Mar Week One (3/4) 67 Put
Current Stock Price: $55.33
Net Debit: $2.07
Action: Accept shares
Cost Basis: $69.07
Potential Rate of Return: I am targeting breakeven for this position