Tag Archives : BAC
Posted by Dr Mike on July 26, 2010 2 Comments
Position: 2 September 14 Calls
Avg. Price: .82
BAC broke prior day high, stochastics crossed up, MACD crossing so I bought 2 in the money calls with a stock target around $15 which is where the 50 EMA and a down trend line from the highs meet. There is also a gap to be filled at $15.06. I bought the September calls to give a little time in case the market pulls back.
