Happy Times

Licia Leslie

Licia Leslie

Licia Leslie

Hi Shoppers,

Check out the possible doji in Bank of America (Ticker: BAC):

After trading a high of $37.85 on November 30th, BAC traded a low of $31.35 on Friday and took out the low of Thursday closing right near the opening price.

I will wait for confirmation this morning of BAC trading higher.

Once it does and it’s after 10:30-11:00 or so, I will be a buyer of the Dec30 32 calls:

I think BAC can trade back up to $33 and then on to $35.

Trade Review

Those ProShares UltraPro Short S&P 500 3x (Ticker: SPXU) calls were a nice little win on Friday.

Thanks for Reading … See You Next Tuesday.

Licia Leslie

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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