Bank of America (BAC) Offering Possible 7.76% Return Over the Next 6 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 $39.00 short put and a strike $34.00 long put offers a potential 7.76% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $39.00 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $34.00 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 55.35 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

Digital divide is ‘a serious issue': Gerald Chertavian
Fri, 09 Apr 2021 10:00:00 +0000
Gerald Chertavian, Year Up founder & CEO, joins ‘Influencers with Andy Serwer' to discuss how the pandemic has widened the opportunity gap in the United States.

More money poured into stocks in past five months than over last 12 years: BofA
Fri, 09 Apr 2021 09:51:27 +0000
Investors have pumped more money into equities over the past five months than in the last 12 years, BofA's weekly flow figures showed on Friday, as ultra-easy monetary policies and unprecedented stimulus has sparked a secular shift into stocks. Based on clients' asset allocations, Bofa said a record 63.6% of the money was invested in stocks, 18.5% in debt and 11.6% in cash.

Citigroup, Wells Fargo, Bank of America, Goldman Sachs And JPMorgan Urge Shareholders To Vote Against Racial Equity Oversight
Thu, 08 Apr 2021 22:00:59 +0000
Five of the nation's largest banks are asking shareholders to reject racial equity resolution audit less than a year after the Black Lives Matter movement

Bank of America to hand out pay hikes to junior investment bankers – memo
Thu, 08 Apr 2021 16:58:06 +0000
Bank of America Corp will raise the salaries of its junior investment bankers starting May 1, according to an internal memo seen by Reuters, in a show of recognition for their work during a year when deal-making activity remained high amid the COVID-19 pandemic. “Given our ongoing remote work environment – coupled with the recent pace of market activity as well as client requests and transactions – your contributions and commitment have become more important than ever,” the memo said. In a similar move, Goldman Sachs Chief Executive Officer David Solomon said last month the bank would make efforts to give employees Saturdays off and shift staff from other divisions to the busiest teams in the investment bank.

Bank of America (BAC) Reports Next Week: Wall Street Expects Earnings Growth
Thu, 08 Apr 2021 16:30:04 +0000
Bank of America (BAC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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