Options Player Decides On BAC

[RagingBull Elite]( Hello trader, Over the last week, Kyle Dennis has been sharing trade ideas based on unusual options activity. Typically these have been fast trades on options expiring in a short period. However, today Kyle wants to walk you through another side of the options game. You see, the smart money doesn’t just trade options for quick paydays. They also lay down massive bets on long term plays. There’s a specific one he caught on Friday that he’d like to share with us. Bank of America (BAC). With so many Americans losing jobs, and businesses unable to get back up, banks have been slower to rally than some other stocks in the market. Banks got clobbered when they released earnings last week. JPMorgan, Bank of America, Citigroup, and Wells Fargo took combined losses of $19 BILLION in combined loan-loss reserves in Q1. Ouch. However, with the “Opening Up America Again” initiative set and positive treatment results for COVID-19, Kyle has started to see buyers come into the banking sector. So what is it that Kyle saw in BAC that makes him believe that the stock will continue to rise from here? An options player came in and bought 10,000 Jan21 $28 calls. A $1.62 million dollar bet. Now that’s what he calls putting your money where your mouth is. The stock would need to rally by 27% by the expiration date January 15 2021 for this trader to make money. While they’re expecting a significant move in BAC, it would still be below the 52-week high of $35.72. Oftentimes hedge funds will use options instead of stock to establish a position for the same reasons you and he utilizes them for. - Leverage - Defined Risk Believe it or not, the Dollar Ace strategy can be used for long term plays too. Now, if you haven’t taken Kyle’s Dollar Ace Masterclass yet, [now is the time to do so.]( The world’s top funds are putting money to work everyday. [He’ll teach you where they’re moving and how you can follow in their footsteps.]( You’ll be amazed at how easy it is to turn information like this into profits. [Sign up for the Dollar Ace Masterclass today.]( [And find out how the smart money can start working for you.]( [It’s quite possibly the easiest strategy you’ll ever trade.]( [Enter Now.]( The RagingBull.com Team RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Click Here to stop receiving emails from support@ragingbull.com]( [Unsubscribe from all RagingBull emails]( Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. Furthermore, such information is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of this website must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analyses and information included on this website are based on sources believed to be reliable and written in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we undertake no responsibility to notify such opinions, analyses or information or to keep such opinions, analyses or information current. Also be aware that owners, employees and writers of and for RagingBull.com, LLC may have long or short positions in securities that may be discussed on this website or newsletter. Past results are not indicative of future profits. This table is accurate, though not every trade is represented. Profits and losses reported are actual figures from the portfolios Raging Bull manages on behalf of RagingBull.com, LLC.