Quote:
Originally Posted by RubberSponge
At close this was at .54. Bought in at 12:25-12:30pm for .39. 34.62% gain in 2 and a half hours. I look at that gain as insurance in case tomorrow BAC goes down a little. Set up for Friday morning earnings to make the option price spike in the morning. I should be out by noon. If not, I have till the 20th to make a decision. But I don't really to want to hold this position over the weekend.
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Still like the position I am in with this trade. BAC took a step back while some repositioned money. If BAC goes down tomorrow. Which I don't anticipate in the morning. I will hold on probably over the weekend. If it spikes on earnings, I'm selling out.