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  • Bank Of America - NYSE:BAC - Options To Consider 0 comments
    Oct 3, 2013 12:30 AM | about stocks: 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

    (click to enlarge)

    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
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