Option strategy Tiger usage 17/7
Gave up on Bank of America in the end.
Used $Morgan Stanley(MS)$ strangles instead. Managed to fill using MS.
First time trying vertical spreads on tiger,
Used vertical spread on $Lockheed Martin(LMT)$ , filled nicely and execution is smooth.
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So what was the negative news in BAC? Dumped my Ford at 15.24. Looking at CAC; CQP; and BAC? I like BAC. Not sure what Liquid gas (CQP) will do; and CAC is a Maine bank where I live. CAC is very interesting. Thoughts?
Bank of America's Q2 earnings came in slightly better than expected, while Morgan Stanley reported a mixed second-quarter outcome.
BAC is still down 9% YTD. Lots of room to run. With a PE ratio of 8.74 there is plenty to like.
Cramer says BAC and other big banks good earnings say the economy is not going into recession.
SPY going up is not actually helping BAC, BAC lost all momentum.