Buy puts for 1/13 strike = $34 = $0.69
This is for all you complainers about not getting a decent bonus.
Happy New Year y'all
4 replies (most recent on top)
Bought back I calls for 1/20 for $0.28.
Sold stock for $35.09
Profit: $35.09-$34.11-$0.69+($0.47-$0.28) = $0.48
$0.48/$34.11 =1.47% not quite the CD rate BAC pays for the whole year but we did it in 4 days.
See you all new qtr
Max possible profit $35.5 - $34.11 + $0.47 - $0.69 = $1.17
$1.17 / $34.11 = 3.43%
BAC's best CD account in my zipcode = 3.54% interest rate. Terms =13 months, deposit > $1M 😂😂😂
Btw, I have lowered my max loss to $0.22 (ignoring the extra week premium for now. Will cover on Friday)
I'll take my chances trading the stock
Sold 1/20 covered calls with strike = $35.5 for $0.47
Max loss of $0.80.
Let’s see if by Thursday it returns more than BAC cd savings accounts:
https://www.bankofamerica.com/deposits/bank-cds/cd-accounts/