BAC

OIB Trade Alert: BAC, RUN

I am recommending we roll our Bank of America (BAC) put to generate more income and reduce our net debit on the position. We are going out two weeks due to next week’s Federal Reserve meeting. While the Fed is widely expected to raise rates 0.75%, the market could move sharply in either direction based…

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OIB Trade Alert: BAC

I am recommending we roll our Bank of America (BAC) put out two weeks to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it…

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OIB Trade Alert: BAC, C

I am recommending we roll our Bank of America (BAC) and Citigroup (C) puts out one week to generate more income and reduce our net debits on the positions. You can enter today’s trades even if you were not in the previous ones. Just be aware that we will be managing and tracking them based…

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OIB Trade Alert: BAC, C

I am recommending we roll our Bank of America (BAC) and Citigroup (C) puts out one week and to higher strike prices. The income we generate will reduce our net debit on the positions. However, you can enter the second leg of today’s trades even if you were not in the previous ones. Just be…

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OIB Trade Alert: BAC, C

Friday’s rally took Bank of America (BAC) and Citigroup (C) beyond our calls’ strikes and we were called out of our shares with large net debits. As I mentioned last week, Citigroup reported better-than-expected results on Friday. Today, Bank of America reported mixed results. Second-quarter revenue increased 6% year over year while profits declined 32%…

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OIB Trade Alert: BAC, C, SCHW

Disappointing earnings from JPMorgan Chase (JPM) and Morgan Stanley (MS) led to a sell-off in financials Thursday that spilled over into the broader market. But stocks came roaring back on Friday after retail sales data beat forecasts. The financial sector outperformed following better-than-expected results from Citigroup (C) and Wells Fargo (WFC). Citigroup’s second-quarter profits beat…

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