BAC

fairlyaveragetrader

I mean the dollar is already halfway towards a fairly weak target. Your trading 112 to 1 against the euro. 125 to 1 is starting to get pretty up there If you actually assume that's going to happen and GDP will hold up you want to own commodities, bhp, vale. That kind of thing. Realistically this is a difficult environment to invest in because you don't know what policy is going to be in place next week. I would buy panic, lean towards indexes. A couple weeks ago I would have said by bitcoin, now it might be by ethereum and Litecoin. Btc has held up extremely well. I mean look at the charts, no personal bias, just look at the price action. If we are going to see continued momentum in BTC you are going to see momentum in eth, sol, ltc. Like you can really go down the rabbit hole with alts if you want to but I try to stick to things that have some historical technicals and stories or demand behind them Financials are doing really well, they are getting kind of late in the trade though, I've owned State Street since $70 and it's trading mid-90s, you have a little more on BAC Apparel retailers are interesting, I picked up Levi at 14, it's already up to the first Target at 17, another one that's interesting is American eagle, AEO, you're looking at yearly support zones, any type of thawing with textile production would be a positive, that's a fairly easy trade from 11 up to 15, 17 to 20 on the high side Really you just want to own assets because what you're describing is a place you don't want to be in cash. If you're really scared camp out in the 2-year treasuries or a money market and short index puts for premium at assignment prices that you can live with.

richburattino

He sold BAC, so portfolio is outdated

pineconejerk

McLaren, Rolls Royce, Bentley, Ariel, Lotus (sports cars), Morgan, Aston Martin, Caterham, BAC, Radical. Maybe minis are brought over to the states too even? Sure it’s mostly niche, high end stuff but it’s significant.

Kyle460m

Not even 5% as bad. It felt like the financial world was ending. Citi went from $500-$35, Bank of America (BAC) went from $51-$3. Those are just a handful of bank stocks, to 100% cherry pick a few for effect, but they are indicative of the sheer panic.

abc_123_anyname

Ok you’re right, however you are wrong at the same time. I felt, saw the fear and doom, but as an example I bought 1,000 shares of BAC at 1.20. Sell when people are acting greedy and buy when others are being fearful. Now, clearly I didn’t have the balls to buy 100,000 shares (which would be worth 4 million today).

SoCal7s

Like I was a sucker to start investing late in 2006 (only had 20K then). I did know about buying dips but I bought a couple bank stocks at the bottom cynically because of the too big to fail bailout. Made money on BAC & was bewildered one not making much on C but I made a little & sold a couple years later. I still trust cash more than stocks when the world is getting fucked up for any reason. Jump out, wait, buy the rubble & wreckage…repeat. PS. Didn’t own a house but knew several people who knew the housing crisis was going to happen locally because local idiots weren’t going to be able to make the balloon payments - they all thought the were going to flip their property at the same time - ha ha. I think lots of people knew it was unsustainable but we didn’t realize it was happening everywhere we thought it was just in our superficial city of angels.

mexylexy

Jesus be praised. My NVDA, WMT, TSLA, BAC swings about to print tomorrow. Fuck this week.

CanYouPleaseChill

BRK.B is overvalued and nothing about the company impresses me. Why would I want to own a bunch of unrelated businesses under a holding company that can't meaningfully reinvest a lot of capital? Berkshire hasn't taken advantage of the last few downturns to buy much of anything. They still don't pay a dividend. The public equity portfolio doesn't interest me. AAPL is obviously overvalued. Don't know why Buffett still holds any shares. OXY, KHC, and BAC are laggards. BNSF isn't a great railroad company. GEICO isn't a great insurance company.

RagingBearBull

I think Its time for me to own, AXP, BAC, CO, CVX.

BildoBaggens

You're just not a credible person. You're emotional and I just don't have the desire to hear your emotional outbursts today. Ping me on the weekend when ill try to maintain my BAC at .012.

NoTradition888

Weren't you the idiot going off on BAC HTM losses?

Plastic_Dog_9939

Damn bro I wish. I pulled my BAC calls early but I would have been up almost 200% 😭

acefspade

But JPM, BAC, WFC barely moved lower today

jnas_19

that's cause most of the overvaluation was in banks at the time which in the S&P at the time. Stocks like BAC still haven't fully recovered if you look at the max chart

Easy-Bowl-9136

You should hold nothing with BAC OR Merrill Lynch..The worst banks in the Bunch...A nightmare..and I had alot of accounts with them and could barely get an phone pickup after 23 times of being told.".This is an exceptional busy time" -when ever I called...

Academic_Condition31

Anyone care BAC begged SPY in the news on Saturday?

Lovevas

No way gross profit margin is close to 100%. BAC last quarter shows gross revenue is 25B, and gross profit is 7B, their gross profit margin is <30%. GS is 13.9B gross revenue and 5.3B gross profit, gross profit margin is 38%.

NotedxZero

“Michael Hartnett, Bank of America's, $BAC, chief investment strategist, has said the U.S. is no longer the global economy's primary growth engine.”

PutSpreadDaddi69

Wait that’s only one bank! K. $C $BAC $JPM

P-Diddy-69

As someone who traded through the 2008 crash (and lost it all), I can tell you that Buffet doesn't pull the trigger until lending dries up. Then, he steps in as lender of last resort, and negotiates a sick convertible warrant deals. Case & point, take a look at the deal he did with BAC back then.

lOo_ol

If investor B holds so many stocks that his portfolio is indistinguishable from SPY, then he's not a "single stock investor". He spreads the risk the same way an ETF does. Buying individual stocks without "gambling" requires work. You need to follow the company, its earnings, understand its business and its market. If you can't do that, then you should avoid single stocks. Munger once said *"diversification is a protection against ignorance"*, and that's what I wrote in fewer words. Munger's Daily Journal holds only 4 stocks (BABA, BAC, USB, and WFC).

Conscious_String_195

It was not advice. I was telling them what OP was specifically talking about. By the way, if you check everything from Vanguard to Blackrock, MFS to CFRA, the U.S. stock market is expected to average between 3%-6% over the next decade. Even with the recent sell off, US large cap stocks have a PE ratio of almost 26 compared to a modern day average of around 18.9. So, the risk adjusted ratio is not in your favor, which is my job to mitigate risk and preferred stocks, structured notes and IG bonds like JP Morgan, BAC, or Canadian banks all offer over 6%+. You keep plowing into an overvalued market that has so many more headwinds than tailwinds right now. That’s what most institutional money is glad to watch from the sidelines, including Buffet, Dalio and Blurry. When things are in shambles, they swoop in and buy companies and real estate for pennies on the dollar, while you complain that they keep getting richer and wondering why. 🙄

Cold-Operation-4974

this entire country is run by banks. the banks own the federal reserve. the federal reserve prints money and lends it to the government... when the fed wants... and the fed is run by former wall street employees who all have millions of dollars in JPM BAC WFC GS MS etc stocks in their portfolios bannon can talk about ending the fed because it sounds cool trump is a billionaire who would have 10x the money he has now if he invested his dads money in the SP500, instead he blew through most of it and bankrupted casinos (PLURAL) however... because of the way our country works... because the FED pushes up asset prices/ the real estate portfolio trump inherited from his daddy has gone up in value but, he still has debts, because he is bad with money. he still loves debt and wants more... because he is bad with money Trump wants lower rates more than anyone. And him and his cronies who taught him how to make TRUMP and MELANIA coin... are literally manipulating the market with tweets so they can get rich **WHAT DO YOU THINK JARED KUSHNER'S RECENT ROBINHOOD HISTORY LOOKS LIKE?** YOU THINK HES HOLDING INDEX FUNDS AND WAITING TO BUY THE DIP? OR CASHING OUT CALLS AT 2800% PROFIT?

WhiskyForARealMan

I mean, when J Pow comes out and says we are fucked, right after JP Morgan and BAC says "short the S&P 500, that's a lot of expert consensus to run against

qqpqp

Hey guys I live in DC and my BAC is currently pretty high. All I'm saying is it could be one of us....

war5515

What do you guys think the average BAC is of this community on Saturday at Noon EST?

WhiskyForARealMan

I mean, the Fed is bearish, BAC is bearish, JP Morgan is bearish...... Writing is on the walls, question is honestly when does it collapse I think. Unless tariffs miraculously cancelled in 2 weeks, then....... Maybe something different?

CommanderLeona

No volume yet, wait until open. That being said $GS had great earnings and mostly stayed flat, calls bled to IV. $BAC had similar earnings and stock stayed +3%, calls were up solid 100%. Just a gamble really

SULT_4321

"So you lobby politicians to create regulations that only established companies like yours can afford to comply with, effectively blocking any new competitors? Regulatory capture at its finest!" $CMCSA $T $JPM $BAC $XOM $CVX $PFE

dljmonkeyboiz

BAC beat earnings because I decided to Klarna my $10 Chipotle burrito, but when Klarna tried to charge me the $2, I only had .69 cents in my bank account. So BAC declined the payment and charged me $25 overdraft fee. So now I got -$24.31 in my bank account and still owe $10 on my Chipotle burrito I ate a month ago.

MansBarelyHot

So my Citi calls are down 80 percent as well as my BAC calls. JPOW SAVE THEM PLZZZ

Quexana

I made 60% today on BAC calls.

IAmBigBo

My BAC shares are doing quite well, especially today up 4%, go figure.

salty0waldo

I keep holdling DOW waiting for some more increase before selling to reallocate in a better opportunity (like DD, EMN, or LIN) and it just keeps disappointing. Who is BAC, lowering their target to where its trading at now? Not much of a 'target'.

AdditionalAd1431

BAC

salty0waldo

BAC has never interested me with some of their credit exposure. IMO the risk wasn't worth the reward like C had been. Banks tend to trade at a high beta during volatility which is something I liked. I felt like a fool selling large banks earlier this year but felt prudent given potential short-term volatility and wanted to free some capital up.

Migeee__

Holy fuck I’m glad I closed my BAC puts right before the pump

BoastfulPrudence

Well if you didn't have BAC calls after JPM last week you belong here. Anywhere, thanks for the feeble blip today, down we go again. Looks like Chyna isn't quite so ready to forget all about things. F\*

BoldNewBranFlakes

Most of the sub is more tech focused so it’s not talked about that much.  I like financials. I had a position in WFC, JPM, C and BAC but also sold out of it earlier this year. I have zero regrets selling out of those positions since they’ve declined 20% since I’ve sold. But I plan to DCA into BAC and JPM again with new funds. 

Klutzy_Hat5827

BAC doing it now my 36$ calls are sweating

Klutzy_Hat5827

BAC with some serious earnings this morning

cbusoh66

BAC and C beat on equity trading, this is after JPM and Goldman both report record trading revenues. The big trading desks are making a killing in this environment. Who's on the losing end?

Skrtvert

what are your thoughts on the BAC earnings?

BFox1982

My BAC was .12 when I got a DUI

ClydeFrogsDrugDealer

BAC reports record trading profits. All the big bank traders making a killing selling to regards And they reported record loan revenues...wtf do you need with a high interest loan right now...normies starting to take expensive borrowed cash to pay on those Dash orders 

PutSpreadDaddi69

Oh look the horrible recession is here it’s obvious from the earnings beats of BAC and JNJ

Contrarian_1

Earnings today: Positive results from $JNJ and $BAC Futures are quiet for the first time this month — a welcome reprieve, for sure Was that for all the tariff-fueled volatility?

levi6858

I sold all of my BAC calls Monday morning. Shoot me

PutSpreadDaddi69

Oh look BAC beat it’s almost like nothing ever happens.

PutSpreadDaddi69

Jnj beats, next C and BAC. Nothing ever happens, stocks go up

justgoingforward42

BAC told investors to buy puts on market. Bassett says VIX likely peaked. Either way, they win and investors lose. Let's toss a coin...

Able_Web2873

Bank of America, $BAC, has said “Short the S&P500”

Soheeb

I got calls on BAC

Lazy_Sugar892

$BAC calls? 

GreedyTexas

Bank of America, $BAC, has said “Short the S&P500”

Ed_Trucks_Head

What about BAC? You were up a little while ago. I saw the 36 was 1.60

JGWOL2

real ones know about BAC sitting on over 50% of their total equity in unrealized losses from treasuries they bought at 1.5-2% yields. If yields go to 6% they will be underwater. 100% of their equity will be negative. THAT right there is why they want to keep yields low.

Lazy_Sugar892

Someone has $BAC puts 

Hot-You-7366

regional banks, then C and BAC, i expect C to do worse than BAC, united shit show, fulton financial ive been betting against, Asml, alcoa on tariffs, fifth third on florida real estate, netflix on... ad market i guess

weamz

That's a good PE ratio right now on BAC.

seifer__420

Why pick financials? I bet it’s because BAC has a low price per share and nothing else

AngryBlackNerd

Bitcoin $100 NVDA $17 AMD $2 BAC $2 TSLA $17 META $40 Ethereum $7

ApartPresent1908

Bro BAC is having earnings within 2 weeks and there's no way it's better than the previous quarter. You are fucked.

ApartPresent1908

I'm short VIX, BAC, and TGT, long on SPY and AMD. Ill probably roll whatever I gain into longer puts closer to ITM.

markHart99

$BAC Puts

ApartPresent1908

Too many to post, but bullish on SPY, AMD, and DJT next week big time, bearish on TGT because this should mean that they are still getting fucked. Im also holding bearish on BAC because I expect earnings to be weak. Planning on selling everything bearish Monday and rolling it all into TGT long puts that are closer to ITM than they are now. I expect to see a pop next week, then a decline the following weeks until this whole shit gets canned. 

SpaceCatVII

BAC calls for earnings???

Lazy_Sugar892

Didn’t expect $BAC contracts to be cheap. Might buy some lottery puts tickets 

IGD-974

Exactly what I came to say. I've been up 80% all week on small calls then I drop 3k on BAC calls today at open.

Fantastic_Team_6

After Nikki Capocci graduates, she will either be a analyst in the JPM, WFC, BAC, C analyst program or a internal wholesaler at JPM, Lord Abbett, BLK, PIMCO

yushey__

Thoughts on BAC calls? Few months out 40c looks cheap

yushey__

Thoughts on BAC calls? Few months out 40c looks cheap

N0_PR0BLEM

BAC puts seem pretty safe. They've proven to be hugely susceptible to the downside pressures, and aside from yesterday's nonsense they've shown very little in the way of upside

levi6858

SPY and BAC calls

CartoonLamp

Lost my ass on BAC and banks why would you want that

levi6858

On a scale from regard to George Soros. What are the thoughts on my play. 50% of my portfolio is SPY and BAC calls that expire tomorrow

Kainint

Bought MU 4/11 and BAC 4/25 puts on the spike yesterday, sold MU for +30% an hour before close, BAC for +75% just now. If only I wasn't regarded and put my life savings in instead of my lunch money

Academic_Condition31

youre walking about my price range handsome. Im playing BAC XD

Academic_Condition31

I have some ridiculous puts. 48 at $30.5 on BAC, First thing im doing is grabbing some penny calls in the high 30s and even more puts in the low 30s. Unless it goes side ways I print.

Academic_Condition31

watch this be the meanest fucking Fib V. BAC is bouncing at 36$ which is the 38% mark

Academic_Condition31

I really hope that the regards panic sell. Please Drop BAC into the single digits so i can buy a house (probably in canada cause....yknow)

Academic_Condition31

I fucking hope so. Im sitting on almost worthless 30 dollar puts for BAC. If this causes a run on the stocks, I could make a fortune!

Academic_Condition31

Hey, created the following plan after reading through your comment history: 7:30 - Purchase 40.5 and 42 stocks wait for peak purchase 200 dollars of puts 8X(35.5 if it fell early, 36 if it fell late) First bounce - before 36, wait for second bounce to sell and buy, if on 36, sell low value puts, wait for second bounce to sell and buy. Second Bounce - either sell all that remains, and buy 15 or 25 $37 calls, also purchase 20 low cost calls in the high 30s for 6 cents to sit on. Sell - At 38 or whenever it begins to dip back down, sell all $37 calls. watch the stocks throughout the day and if possible sell when you get a chance :) Good luck me! Not blaming you if it fails but if I succeed I shall return to thank you. This was for BAC if youre curious but anyways, thanks for being so insightful and wish me luck. Trying to turn 300 bucks into gold XD

Academic_Condition31

sitting on 47 30 dollar puts for BAC which was 33$ and jumped to 37.5

DFW_BjornFree

!banbet $BAC 40 2d

GumballCowboy

I agree. Jesus was looking out for me. For some perspective. I lost 50% in 2008-9 I only had $230,000 total. And now look. But I did save and invest consistently. In 2008 I went crazy! I’ll do some crazy shit sometimes. It’s usually somewhat calculated, but not always. 😂 I bought BAC FOF $5.00😱. Held for 10-12 years and reinvested and it went to $40. Sold and made $800K. That is what gave me the $$ to get this money. Once you have money, it’s a little bit easier to make it

Sufficient-Gold8870

Again, BAC $40 calls are free money! If you bought earlier when I said it, you’d be up 300%

Sufficient-Gold8870

BAC $40 calls. Eazzzzzyyy Money

Its_yo_boy

Bought BAC June puts at open 🤡

VegasWorldwide

its definitely a long position for Buffet and I see no adjustment for him since his laster quarterly report. The companies he did adjust was selling a lot of BAC & APPL. but he didn't cut shares of OXY? I'll pass for now but with this guys track record, watch it get back to $60 within the next year. I did buy up some AXP.

Cash_Flow_Yield

1. OXY produces 0 free cash flow when WTI is $50-55 2. Carries a lot of debt 3. Since they carry a lot of debt, buybacks and dividends will be minimal in the next 2-3 years 4. Assets are mediocre A lot of times Buffett invests opportunistically, a company needs cash and he's there to provide it. Same story with both BAC and OXY. You shouldn't follow him in any stock because you won't get the same deal as him. If you are bullish on O&G, a lot of better companies to pick from.

VegasWorldwide

interesting. I would think a man so smart would have made some type of adjustment. he sold a lot of BAC and APPL but not OXY.

kanyeswift

BAC of 0.1 and about to take a drive 

Sufficient-Gold8870

BAC taking a shit just like it should 

ThinkingOfTheOldDays

I continue to be scared by the BAC sell down, way more than rest of financial sector. don't recall if buffett still has a position, but it looks like idiosyncratic risk for that company. very scary.

levi6858

anyone do trading on BAC? I kinda randomly picked doing puts on it today. Any downside to this?

levi6858

I just see its still trading BAC, a stock I am trying to monitor

floo82

I've actually got both a put and a call option expiry may 2 on BAC, because though I see the upside like you, I also see the chaos the tariffs are causing tanking the market might outweigh it. The stock will move one way or the other in a large direction, ideally enough to cover the cost of the contract that will be out of the money. That strategy is called a strangle, and makes money as long as the stock moves large enough in either direction. It fails if the stock doesn't move enough before the option contracts expire.

RonaldWRailgun

You have discovered Theta decay. The market is telling you that the chances of BAC going from $35 (currently) to $41 (your strike price) before the 17th (your expiration date) are getting lower.

levi6858

Are there any markets to watch overnight? I am currently trading on Bank of America BAC.