BAC

dugg08302010

BAC

Sarge6

Allocate a portion of your money to the financial sector. Strong financials are gonna benefit from rising interest rates. They aren’t going to go crazy high but should increase in value. It’s a safe place to put your money with a dividend. JPM, BAC, GS, MS, and WFC are a good start,

SwetzAurus

paperhanded at BAC 45.45, sold just as jpow concluded speaking. that was a mistake. i'm pretty salty about it.

NorseLegend

Damn it BAC, you were supposed to be "The One"

NorseLegend

Welp, only thing still remotely alive in my account are BAC and JD leaps. Gonna be a rough couple months.

xxJunjiFritoxx

BAC calls, right? Seems like it with his bearish bullshit

SwetzAurus

temped to swing BAC, chart looks horrible though, like everything else. hm

SwetzAurus

buy a bank fellas, BAC maybe

SwetzAurus

I'm old enough to remember BAC being down 5% intraday on monday afternoon. that was fun. let's do that again.

Send_Lawyers

Feel like bank stocks are gonna love this fed meeting. Sofi shares. BAC calls $46 1/28. Only bet I feel comfortable making today.

NorseLegend

Lets goooo BAC

SwetzAurus

monday was a local bottom. BAC off 5% by 12:30 est that day? fuck no. careful now, anybody's guess what happens next. lean bullish, just because there's a lot of money sitting in cash

NorseLegend

Does Jerome send BAC to the moon at 2?

ananas06110

True, mid May expiry. Who knows. I have a put on BAC because they’re Shitadel’s prime broker.

fomoandyoloandnogrow

I warned you yesterday if you don’t buy banks on that dip you don’t like money. WFC, BAC 🖨

7loUge

DCA is kind of swinging at every pitch. There's a reason Buffett isn't always buying. Notice how he picked up BAC and held Apple.

rdmsqito

BAC hit 0.97 iirc

7loUge

I'm not huge on giving out picks, because I can be as wrong as anybody. Oil and Gas. COP has been good to me recently (their dividend could use a boost), up almost 100% last year, and up 25% again this year. XOM. There are a lot of smaller names that have been doing well. A lot of them pay a dividend 6% or higher. The thing is it's very cyclical, doing well now. If you want a "set it and forget it", not sure oil is the place to be long-term. But right now it takes the sting out of the hyper growth stocks' selloff. Financials-- I like BAC. Of the ones you listed, FB and GOOG seem the most reasonably valued, also AMZN. Apple and MSFT still seem expensive and could be bought cheaper. Same with NVDA. But if you think the bull market will continue and rates aren't going up much, probably any of those are good. The thing that concerns me about those names is they make up a huge portion of the indexes, so there's massive concentration there and not much diversity. Best of luck.

y90210

They got approval to be a bank. >I'm loaded with BAC, JPM, HSBC, C, COF. Why those? I honestly don't know. Is SOFI a bank yet?

Infinite_Prize287

I'm loaded with BAC, JPM, HSBC, C, COF. Why those? I honestly don't know. Is SOFI a bank yet?

SquirmyApe

My portfolio speaks for itself. GME CALLS AMC CALLS VIX CALLS SPY PUTS GS PUTS BAC PUTS

NorseLegend

BAC you been solid all day, don't you quit on my now.

TTTTsixandtwo

I'm [biased](https://old.reddit.com/r/wallstreetbetsOGs/comments/s42j2z/wfc_rage_yolo_update_11422_earnings/) towards $WFC but I have a bunch of $BAC calls because they announced earnings last week during the shitstorm and didn't get a pop that they really should have. $WFC will be a wild ride with a lot of volatility, and $BAC will be a more steady grind upward, in my opinion. Tomorrow will be interesting for both.

scareeagle

Why u have BAC puts when interest rates are going up

pmd5700

Oof, I got BAC Calls and TXN Puts. Good luck!

mykiel

All right. I have my BAC Puts, F Puts, TXN Calls and WISH Calls.

TTTTsixandtwo

JPM won't benefit from rate hikes as much as $WFC and $BAC. If that is your thesis, then you might want to rotate.

rhetorical_twix

Initiated positions in BAC, HSBC, CMC, NUE, NSC & added to M.

fomoandyoloandnogrow

If you’re not buying WFC, BAC, and other banks stocks on the dip, you don’t like money

NorseLegend

BAC all about these rate hikes

NorseLegend

BAC you're my only hope

HatLover91

Hey, I'm finally in the green. Put's on BAC working out... Maybe Citigroup will be fucked tomorrow. HSBC still standing despite Evergrande...

SwetzAurus

I'm well. positive on the day, though that BAC epic run from the bottom should have left me sitting in donald duck level coin vault. we rallied hard, was just hoping you exited the puts. even with the run, tomorrow likely green as well, before some decision making later in the week. good luck

SwetzAurus

I'm well. positive on the day, though that BAC epic run from the bottom should have left me sitting in donald duck level coin vault. we rallied hard, was just hoping you exited the puts. even with the run, tomorrow likely green as well, before some decision making later in the week. good luck

redtexture

Theta decay is minimal on long term options, and stays that way until 120 days from expiration, and is not your concern. Your concern is the movement of the underlying stock, and the associated value of your options, which are out of the money, and all extrinsic value. Looking up the stocks as of Jan 24 2022 TSLA 926 AAPL 161 FB 309 NVDA 233 BAC 44.54

zxc123zxc123

This. Selling (and shorting) is a necessary and important part of how the market functions. People might not remember to times before the Melvin/Citadel/UnnamedGamingRetailerLovers beef. But the short selling hedgers were actually the less-evil guys on wall street. The big banks (BAC/JPM/C/GS) and mega whales (Vanguard/BLK/SStreet) were the evil ones who bet to big and caused the financial crisis while their CEOs got out with golden parachutes. The shorts were analysis based and often looked for corruption/fakes. There were also those that just shorted bad companies which hastened their timelines to change or close. Just like how LK (now LKNCY) got exposed for faking sales/revenue. Do you think those analysts just do that shit for free? Why aren't r/investing, WSB, the government, JPM, or Blackrock doing it for free? Everyone on wall street is there for the money. That said. Certain hedges like Melvin took it overboard and paid for it. Pigs get slaughtered whether your big or small. That doesn't mean being a bear, selling, or shorting itself is the problem.

SwetzAurus

per usual I'm shitposting "this is the / a bottom" and I miss the absolute bottom on BAC. Fuck you guys, and fuck me. lost out on 5k on this BAC swing up back to 43s

SwetzAurus

this is what capitulation bottoms look like. buying BAC hand over fist

HatLover91

-50% everything EOD. This is black Monday. Put options are soaring. Can't say I'd buy more at ask price. Should have changed my limit orders on HOOD puts this morning to market price at open. I hate timing the market, though ended up buying one at 0.93 ($10 March 4). Even though I sold my DKNG puts for $$$$, I could have made more if I held but I was afraid of this schizophrenic market. I now believe the ups and downs are done and its a slump down. *** You know things are bad when my far OTM SPY puts at 100,170 have doubled in value today. It was a 50 dollar bet the whole market would crash. Fair bet if you read atobitt's House of Cards, and understand how high margin usage was. *** I did quadruple down on my BAC $30 march puts a week or two ago. Those are finally close to being above my cost basis of ~0.23. UAL puts (Feb 18, $40) I overpaid for 1/6/2022 are now near the money. BAC $41 March puts are doing stupid well. Shorted the banks because the what doing credit suisse DD and understanding how the banks are holding a turd of bearish credit default swaps on GME. *** And I bought more GME too. Rate at which people DRS the float will pick up at this price.

SwetzAurus

BAC 42 hats wooooo

SwetzAurus

BAC 42s here we come

Blahblah_Yadayada

BAC, JPM, GS all seem a bit over valued imo 🤑

gettendies

I'd have a BAC of 43.07 too if I was drinking in this market.

SwetzAurus

BAC rocket off my 43.07 target

SwetzAurus

out of BAC again, probably missing some upside into 43.20s though

SwetzAurus

out of BAC flip, target now 43.07 for rebuy slow grind

SwetzAurus

BAC buyable dip here

SwetzAurus

keep an eye on BAC & FCX dips

SwetzAurus

BAC has my dick hard

SwetzAurus

limit buy BAC, 42.84

No_Nefariousness6370

Look at BAC (Bank of America), close one to follow as they have the most lent to Shitadel, they keep diving and they'll start asking for their money back!

SwetzAurus

limit buy BAC, 48.13, filled at 48.23 somethings amiss there. thanks merrill!

Get_Rich_SloQuick

Never get sucked into leveraged funds, buy quality HD, MSFT, AMZN, BAC and forget about them. Wrong timing on a leveraged fund and you'll be down 70% before u know it

SwetzAurus

BAC, FCX long

spinxter66

My BAC will be that high by the end of the day if this market doesn't change.

SwetzAurus

out of BAC, rebuy at 43.10

SwetzAurus

BAC, slamming the ask

CrystallineViper

It'll be like 4 bucks by mid Feb. I have a lot of puts on TLRY. Check out some solid stocks like BAC or MSFT in mid Feb. 🤙

thesaddestcuck

BAC gap down tomorrow due to Smoothie Nazi 

paulversoning

BAC might have a major downside if silver prices spike. I bought a long put and might buy more soon

BillBob13

55% tech, rest visa, BAC, Nike, PENN, KO, and CELH

WinEnvironmental8218

No, the real story behind that is because Warren buffet loaned BAC 5 billion dollars of his money, and he’s going to get back 20 from it. That’s why he has it.

WinEnvironmental8218

No pretty sure because BAC sucks. Their service sucks, customer service sucks, going to that bank sucks. You ever go to BAC and have 20 people in a line, 1 teller, and there is literally 7 other employees watching you in a line saying stupid shit like “you’ll be up there soon, soon it’ll be your turn, just wait a little longer?” Wtf, go up there and take my money. We’ve been waiting for 25 mins for us to give you money.

Pentell_EraserGang

Fucking just put that into BAC or AT&T. Make money doing nothing.

Retard_boomer

[optionsellerroi.com](https://optionsellerroi.com) is good for finding different things for the wheel/cc/pmcc etc. But remember, just because the yield is higher, doesn't mean it's better....some stocks are just junk but wiggly, so you get some premium and then it fails on you and you lose your investment. Since you are new, I would suggest sticking to only a small amount of companies, really get used to how they move and you can track their progress more closely....or even an index or two, like SPY or QQQ, they are excellent for shortterm spread bet scalping. Go with companies that have decent track records and might be "too big to fail" mentality, such as BAC, WMT, DIS, JNJ, KO, PEP, MCD just for starters. You should have your own watchlist specifically catered to stocks that you have personally vetted and did enough research that you can pick it out of a hat and not worry about slapping some cash on it whether at its all-time-high or not.

GoBeaversOSU

Had one. BAC had better rewards and no annual fee

JackB4Ucryptostonkrs

Yeah, but you’ve done well in these old world value plays GE and BAC-personally I can’t stand either but worked for you

L_DUB_U

That was when I first started to invest. Still hold JNJ and BAC from that time. I did sell some of my BAC a few months ago but still have half. JNJ has done well and I enrolled in the DRIP.

The_Sanch1128

That, plus they're not as publicly unethical as WFC and possibly BAC.

Valuable-Ad-8569

$BAC and 0DTE SPX puts had me right. It may not have been you but it certainly was me

spicytuna_66

BAC $45 Puts

BoastfulPrudence

\-7.5% Nasdaq 1 week. Time for reversal or peopel will be scarred. Anyone big reported bad earnings yet, apart from banks (predictable) and Nflx? BAC? GS? PG? ASML? Is here a catalyst?

SwetzAurus

BAC being down an additional 0.6% after hours is pretty fucking bearish if you ask me.

matrixhaj

Iam Also loading up on Nvidia, but slowly. Current crypto problems can get it much more down. It also have gigantic PE. But Im also still doing my DCA for Amazon, Apple, MSOFT, and unfortunatelly even netflix at this point. Iam also getting BAC and JPM. Worst thing is Iam sitting on quite a lot of stock Moderna,Novavax and Biontech...

SwetzAurus

flipped BAC, all cash for weekend

SwetzAurus

changed my mind, all in BAC at 3:59

MrRikleman

I am not a buyer here of anything. But If I were to be, it would be banks and defense. JPM and BAC on the bank side are my favorites. In the defense sector, I would consider any of the large players LMT, NOC, GD, RTX.

ranjee4uall

Thanks for responding. Here are the costs for each position. I researched for various analyst price targets before deciding on the strike prices, looked at their financials (strong earnings, strong balance sheet, strong FCF, etc) - except for LCID which is purely speculative- 9 month horizon on Jan 2023 calls, 12-15 month horizon for Jun 2023 calls and 18-month horizon for the Jan 2024 calls. I am look for a return anywhere between 30% to 50% and can take a maximum loss of 50% on the overall optiom basked below. **Description Quantity Cost Basis Per contract Current Value** TSLA JUN 16 2023 $1,200 CALL 2 $51,170.34 $255.85 $39,070.00 AAPL JAN 19 2024 $175 CALL 2 $6,801.34 $34.01 $5,060.00 FB JAN 20 2023 $335 CALL 1 $4,675.67 $46.76 $3,395.00 NVDA JAN 19 2024 $330 CALL 1 $6,929.67 $69.30 $3,115.00 NVDA JAN 19 2024 $280 CALL 1 $5,475.67 $54.76 $4,200.00 BAC JAN 20 2023 $50 CALL 10 $5,006.71 $5.01 $3,100.00 LCID JAN 19 2024 $30 CALL 1 $1,763.67 $17.64 $1,685.00 LCID JAN 19 2024 $40 CALL 3 $5,300.01 $17.67 $4,200.00

nivek_123k

Scalping is not something I look to do as a anything more than an engagement play. If I do this, I simply trade the stock... ex: Sell 100 shares of WFC (because F that place), and buy an equivalent cash value of say... BAC, or XLF (banking ETF). This trade would be put on in the AM, and taken off ASAP. Stock trades cost me no commissions. I could do the same thing in an option chain. Buy a 90 delta put on WFC, buy a 90 CALL on something else of equal notional value... however this would cost commissions, and the bid/ask is often wider for far ITM options.

ImaginaryBench6339

Feel bad for crypto owners, for being stupid... at least my coke cola and BAC will give me some dividen hhahha

Blindside783

The fuck are you smoking? $BAC did well and so did I. Not all banks stocks fuck retail.

dookieslayer17

SOFI, AAPL, XLV, BAC, CRM, ORCL, QQQ, SOXX.not the sexiest names but do PMCC’s on them you’ll make money

delveccio

Buy $BAC calls about 6 months out is my plan, because I’m still kind of bullish I guess.

ogbcthatsme

I played BAC earnings and shoulda sold immediately at open, but premarket 4% gain evaporated. Guess next time I will have a stop in place. 🤦🏻‍♂️

neutralpoliticsbot

Cramer recommendations from 1/9/22 you know what to do: BAC - buy CVGI - buy Chevron - buy Dupont - sell LUV - sell Morgan Stanley - buy PG - buy SAVE - buy SOFI - buy Judging by Cramer past performance all these recommendations will be down 50% in no time ;)

brandnewredditacct

I have a similar position in my port for financials with 25% PYPL, 25% SOFI, and 50% old banks (MS BAC JPM)

Ghosts-of-Tom-Joad

BAC appears to be entering a consolidation zone at $46-47. Upon confirmation I will add more shares.