With 15 minutes left in the trading session, the financial stocks are going gangbusters. Bank of America (BAC, $6.15, up $1.31), JPMorgan (JPM, $27.54, up $3.00) and Goldman Sachs (GS, $95.17, up $2.32) are making huge moves. The February options I listed this morning are doing well and can be held over the weekend. You can sell half to take some of the risk out but the technicals are looking good.
I’ll be back this weekend with the Weekly Wrap to give a complete update on all of the exciting things that happened during the week. If you haven’t signed up for the newsletter, do so today! You can send me an email or sign up on the right of this page.
Rick Rouse
Rick@OptionsMentoring.com