Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

BAC: Countrywide and Merrill mergers should boost the bank's profits

|Includes: Bank of America Corporation (BAC)

Dollar cost averaging on BAC is a great idea, now that shares have been stable.  Bought at 17.18 and wrote Nov strike 17 calls at .90/contract.  I will buy more at the proper support levels, if shares trend down.


 

Disclaimer: MD Capital Management owns BAC