Bank of America (BAC) Offering Possible 17.92% Return Over the Next 13 Calendar Days

Bank of America's most recent trend suggests a bullish bias. One trading opportunity on Bank of America is a Bull Put Spread using a strike $41.00 short put and a strike $36.00 long put offers a potential 17.92% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $41.00 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.24 would be incurred if the stock dropped below the $36.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Bank of America is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Bank of America is bullish.

The RSI indicator is at 47.95 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Bank of America

European Shares Advance as Investors Assess Economic Recovery
Fri, 02 Jul 2021 10:54:21 +0000
(Bloomberg) — European equities edged higher Friday as investors awaited key U.S. employment data and weighed the prospects for economic recovery against concerns about the fast-spreading delta virus strain.The Stoxx 600 Europe Index was up 0.3% as of 11:51 a.m. in London, with most of the sectors in the green, led higher by travel and leisure stocks. Ambu slumped as much as 16% after lowering its full-year financial forecast.Europe’s benchmark has kicked off the second half of the year on a po

Bank of America Pulling Back from Multi-Decade Resistance
Thu, 01 Jul 2021 12:58:40 +0000
The current decline in interest rates looks like a countertrend impulse, suggesting yields and bank profits will go higher in coming months.

5 Best Performing S&P 500 Banks of H1 to Keep an Eye on
Thu, 01 Jul 2021 12:38:12 +0000
Bank stocks rebound impressively in the first half of 2021. Top-performing S&P 500 banks like Wells Fargo (WFC), SVB Financial (SIVB), Bank of America (BAC), Fifth Third Bancorp (FITB) & People's United (PBCT) that are driven by solid fundamentals are worth a look.

Influencers with Andy Serwer: Sarah Levy
Thu, 01 Jul 2021 10:00:00 +0000
In this episode of Influencers, Andy is joined by Betterment CEO Sarah Levy as they discuss the changing environment on Wall Street and the rise of the retail trader.

Banks Are Still Raking in Deposits. These Stocks Could Benefit.
Wed, 30 Jun 2021 16:33:00 +0000
Bank deposits may surge by $1 trillion through 2023, according to Citigroup. That could lift profits and banks' stocks.

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