BAC November $15.50 Calls: New Aggressive Trade

As I mentioned in Monday’s Weekly Update, we will be looking to play financials. I’ve found an opportunity in Bank of America (BAC), as I expect we’ll see the stock make a move higher after weakening with the market today. Let’s get ready to play the potential upside and buy to open BAC November $15.50 calls (exp. 11/14) at $1.75 or under. This is an aggressive trade.