JohnL
2022-10-18

I am long $Bank of America(BAC)$Given the impressive rally yesterday and high IV environment, will consider strangle at 32 and 36. It is clear that the banks benefit from higher interest rates and recession somehow yet to hit its bottomline. Maybe a few more months. Meanwhile I will use options to squueze the last drop of juice during this volatile period. 

💰 Stocks to watch today?(20 Dec)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
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Comments

  • Ericdao
    2022-10-22
    Ericdao
    Just monitor the job mkt, if it still doing well, means company should still perform. Once job mkt snap, it's the signal that recession started to creep in
    • JohnL
      Can't agree more. Intel is cutting. I believe other chips company will follow suit given the latest development. Microsoft and Meta are slowing down hiring. A matter of time.
  • BeatriceChau
    2022-10-18
    BeatriceChau
    Great sharing great sharing
  • bb_ray
    2022-10-23
    bb_ray
    nice
  • YJ13
    2022-10-19
    YJ13
    good
  • KSR
    2022-10-19
    KSR
    👍
  • MSJYJ
    2022-10-18
    MSJYJ
    good
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