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Bank Of America - NYSE:BAC - Options To Consider

|Includes:Bank of America Corporation (BAC)

Reported by: GuruVIX & NeWorld Research

Regardless of AIG, Bank of America is a strong company, with strong fundamentals. This company (though considered unpredictable) is solid! I recommend the following trade.

GuruVIX suggest: Iron Condor - Bank of America - BAC

(Iron Condor - Set-up) - Buy - Call - Sell - Call / Buy - Put - Sell - Put

Month of expirations (October 2013) - "Very" Short-term

Buy - (5) October 2013 -Call - Strike ($14.00)

Sell- (-5) October 2013 - Call - Strike ($15.00)

Buy - (5) October 2013 - Put - Strike ($13.00)

Sell - (-5) October 2013 - Put - Strike ($12.00)

Cost of trade: (You receive a premium of 0.36 /+$152.70 )

Our Price Target Minimum ($15.00 per share)

Minimum Price Target Profit ( $317.62)

This is a strong trade with BAC in the headlines, we are looking for our price target near expiration date.
Check out this recent article on Bank Of America on Seeking Alpha

Disclosure: I am long BAC.

Additional disclosure: GuruVIX.com - Check it out for content daily!

Stocks: BAC