ACTION:

Take profits and sell to close the BAC March 13 calls at current levels.

Dear Momentum Options Subscriber,

I have a Profit Alert this afternoon for one of our current positions in Bank of America (BAC).

 

Bank of America (BAC, $13.13, up $0.61)

BAC March 13 calls (BAC160318C00013000, $0.46, up $0.23)

Entry Price: $0.40 (2/9/2016)

Exit Target: $0.80

Return: 15%

Stop Target: None

Action: Take profits and sell to close the BAC March 13 calls at current levels.

I want to take some risk off of the table in case shares fail to hold $13.

 

All prices given in this update are current as of 1:00 p.m. EST.

I hereby disclose that I will be participating in the aforementioned trade(s). Every new Momentum Options recommendation is listed with the price at which I entered my own position. If the price is slightly different than my recommended entry or exit price when you receive the alert, don’t let that keep you from getting into or out of a trade. Occasionally, you might even get a better “fill” price than what is posted in the Open Trades and Closed Trades.

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options