tsuag10 said:
Can someone tell me their thoughts on BAC?
$23.50 now
They are down 20% over the last 12 mos, down ~33% from their pre-COVID high, and basically flat over the past month.
I grabbed some 8/21$30C @ $0.12, but I'm interested to see what others thoughts are before grabbing more.
TIA
Been holding BAC for like a decade. My cost basis is around $7. I still hold it because it's just kinda there and my sister works there and so if I sell it she'd probably yell at me.
Lately it was on a run, I've had $24 covered calls sold on it for months that I was sweating until I was finally able to buy them back the other day. It can go any number of ways, but if I'm a betting man (and I am apparently now that I've reflected on my posts here) I'm of the thought that tagging $30 by Aug 21 is questionable IMO. If the FED comes in and changes the game in their own version of CalvinBall, then yeah....otherwise, this quarter just smells foul to me. Q2 2020 was brutal and none of it is priced in at this point. We're buying and selling based on Q3/Q4 recoveries.
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