Quote:
Originally Posted by RubberSponge
Just bought back into BAC. 23 calls, expire on Jan 20th. Paid .39.
Pretty much same position as last, just a week less time. Same strategy. Be out of them by this Friday morning.
|
At close this was at .54. Bought in at 12:25-12:30pm for .39. 34.62% gain in 2 and a half hours. I look at that gain as insurance in case tomorrow BAC goes down a little. Set up for Friday morning earnings to make the option price spike in the morning. I should be out by noon. If not, I have till the 20th to make a decision. But I don't really to want to hold this position over the weekend.