Buy Alert: April 22, 2015
Buy Alert: April 22, 2015
Trade Details
Buy Bank Of America (BAC) June 19th 16 Calls for $0.40 or better (lower)
Why?
Given the strong earnings we’ve seen from the financial sector this quarter, it looks like banks are finally performing well. Several companies posted better than expected results, especially the largest banks. BAC is one of the huge banks, which is finally putting its troubled past behind it and looking ahead to better times. Meanwhile, the shares are still very cheap based on expected earnings potential.
We’re going to buy June calls (which are very affordable). Conservative investors can take profits at $16.50. Aggressive investors can hold up to $18. For risk control, conservative traders should exit at $15, while more aggressive traders can hold down to $14.
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Category: OTW Buy Alerts
