Here are my weekly option trades for this week:
Results:
BAC calls:
With BAC price dropping last week, the $12 calls expired worthless so that is money kept. I am still very bullish on BAC, so any dip in capital is not too concerning for me. The biggest decision to be made tomorrow is to resell these at $12 or go for a $11.50 call to colllect more profit for the week. Will have to see how the market opens tomorrow and decide.
F puts:
F made it interesting on Friday, hovering at $14, but in the end these expired worthless as well, so profit taken. I'm also very bullish long term on F, so even if assigned I wouldn't have been concerned.
BAC puts:
Took somewhat of a gamble and were assigned these. I will definitely sell $11.50 weekly calls on these tomorrow. Entry price point for these 500 shares is $11.31.
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