Bank of America (BAC) has softened a bit with the overall market the last few days, pulling back about $0.50 from its post-earnings high near $17.50. The stock is still well-positioned for a strong finish to the year, particularly if chatter increases about higher interest rates. I want to give our call position some more time for this story to play out, so I recommend that you roll the BAC November $16 calls into the BAC December $15 calls (exp. 12/26) at market prices.
Most brokers should let you do this in one transaction, so you may want to check with yours to save on transaction fees. If not, you can still conduct the trade in separate transactions by selling our current calls and buying the December ones.