What did you get me @Gambit My JAN 19 2018 $17 calls are now up 429% with over 14 months to expiration
I was planning on buying some 2019 $37 calls today if BAC had pulled back but it was back to business on the climb north
You're that bullish on it with the uncertainty of what will happen with the incoming Trump presidency?
Seems very likely that rates will go up. That should lead to more profit for the banks. The Fed might also swap some of the reserves for interest-bearing assets (MBS and treasury bills), further bolstering bank coffers. Also, fairly sure he meant $27, not $37.
No typo guys I was just looking for a quick triple or more on my money. Even today I could have got 50% or more. BAC set a new 52 week high this morning before profit taking set in
From this 10 year chart that is a breakout from a quad-top and a new 8 year high or close to it. If there is still gas in the tank $22.75 could come in the near term...Stay tuned
It is unreal and beyond my expectations. I originally was expecting 18 on a rate hike before years end to early 2017. Set a stop an go on auto pilot
I bought the JAN 19 2019 $37 calls on the pull back this morning. Just for a triple or more on my money. Done with profits alreadytaken
I think the Banks finally take a rest after today. See how it closes putting in a topping tail right now. (and No Rest does not mean it has to come down to 20)
Pretty Sure Trump owns GS stock...and is just going to higher another GS guy/or gal every tick down #makeBANKSgreatagain
