Monday, June 28, 2010

New Position: BAC

I sold July $14 puts for .14. This is similar to my VZ play in that I'm willing to own this name at this price so there is no exit point, I will take possession and write covered calls. There are two possible resistance lines on this chart, but I am ok with ownership so I'll root for to expire worthless but not cry if it doesn't.

1 comment:

  1. I am not sure I like this as much as the VZ play. As if the market starts to tank I think financials lead the way. But that is just my own personal disposition.