Thursday, December 12, 2013
Lifetime BAC Chart Says Upside is Virtually Non-Existent
I closed out my JAN BAC 15 Puts @ $.39. I purchased them a few weeks ago @ .25. I still love BAC as a longer term short at these levels but I believe there could be some shorter term upside. I think the big money will be made in the 1st or 2nd quarters of 2014 and I am looking at credit spreads going out several months. I think this is a better way of playing a swift move lower than an outright short or long put trade.