Bank of America (BAC, $19.02, up $0.26) cleared $20 on Monday and shares of gone parabolic over the past week. Momentum is a powerful tool and can sometimes be intimidating to even the best traders. Not us.
With the portfolio having a tremendous year, we added another current winner that is up nearly 200%
The BAC December 18 calls (BAC161216C00018000, $1.30, up $0.88) came into Monday's session at $1.30 and opened at $1.60 while reaching a peak of $2.30. Volume topped 29,000 contracts.
The BAC December 19 calls (BAC161216C00019000, $0.67, up $0.52) closed last Friday at 67 cents and opened Monday at 80 cents. The calls traded to a high of $1.48 on volume topping 17,000 contracts.
The BAC January 20 calls (BAC170120C00020000, $0.49, up $0.xx) came into the week just at 49 cents and opened Monday's session at 50 cents. Volume was over a jaw-dropping 80,000 contracts with the calls reaching a peak of $1.09.
if your portfolio is missing these kinds of gains, signup today to get much better results!