MomentumOptions.com Profit Alert (BAC) for 9/5/2024

7:15pm (EST)

We were stopped out today on our BAC trades so let’s go check the tape. The Track Record improves to 52-9 (85% win rate) with 24 triple-digit winners this year.

Profit Alert!

Bank of America (BAC, $40.14, down $0.36)

BAC September 41 calls (BAC240920C00041000, $0.40, down $0.20)

Entry Price: $0.35 (8/19/2024)
Exit Target: $0.70
Return: 29%
Stop Target: 45 cents (Stop Limit)

BAC October 42 calls (BAC241018C00042000, $0.70, down $0.10)

Entry Price: $0.50 (8/19/2024)
Exit Target: $1.00
Return: 40%
Stop Target: 70 cents (Stop Limit)

Action: The Stop Limits tripped today following the pullback to $40.01 and close back below the 50-day moving average.

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