The financials have been laggards on the last leg higher in the S&P but we found a good recent entry point in
BAC
at $23 using the Extreme Turn (the "Money Point" indicator among friends).
Signal expressed as Aug 25C for .65 and then spread today when the sell signal printed at 24.42. Holding the rest for gap fill above $25. We'd like to see price hold the 233 EMA (T-Line) through Friday expiration.
BAC
at $23 using the Extreme Turn (the "Money Point" indicator among friends). Signal expressed as Aug 25C for .65 and then spread today when the sell signal printed at 24.42. Holding the rest for gap fill above $25. We'd like to see price hold the 233 EMA (T-Line) through Friday expiration.
Trade active:
Scaling (exiting) 25% Aug 25C 1.30 +100% from .65 entry.
Trade closed manually:
Closed remainder Aug 25C 2.55 +325%