Lions….
It appears to me that our bank holdings, JPM, GS, and BAC, are setting up for a move higher- I would expect this to happen within the next few weeks…
DO NOT, AND I REPEAT, DO NOT GET FANCY HERE! Meaning don’t buy calls. Instead focus on being a NET SELLER of options by utilizing credit spreads and SELLING puts (way OTM).
Just a heads up.
GM
Have quite a few shares of JPM and VDE PREPPING for oil to move higher and bring the banks with it….thanks for your help
BAC $46.29 for my long portfolio, I had this @$24 like an idiot sold it $38