A month ago, Jan. 7 we posted "Goldman Sachs: "Buy Bank 0f America Calls" (BAC; FAS; FAZ; XLF)" and spouted off:
The stock closed yesterday at $14.44, down six cents.Here's the chart:
The April $16 calls were last quoted at 50 cents bid-51 offered.
We have some more ideas after this piece from Barron's The Striking Price column...
...The late November bottom came on the 30th with $10.91 intraday and $10.95 closing prints.
The January gap up is worthy of note. The stock closed at $13.34 on Dec. 31 and opened at $13.85 on Jan. 3. That's just shy of 4% and large enough that the stock may want to revisit some or all of the gap before breaking decisively higher....
The next area to look at is.....?
(how 'bout that Jan. high, right before the stock filled the Dec. gap, and a problem area going back to the July gap down)