CLOSING the $BAC Options Action trade - mike

20 oct - got a decent rebound this week to make it a nice winner. stock closing out at about 9.44 , so about a .19 gain . percentage wise a good gain but realistically would have to do a large lot size to make serious coin. see all of mikes on-air trades in this google docs spreadsheet

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12 oct - going to have to make a decision right quick if you followed this trade...still worth about what you paid for it...that Oct9 call will be decaying rapidly with the stock at 9.10ish now

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7 sep - mike with a trade on BAC to open the show today, heres the clip BAC clip .

Buy to open the Oct 9/10 call spread for .25

stock breaking out today. as you saw in the video clip, mike is selling the 10calls for a nickel.. if doing this trade i would instead just buy the 9calls and possibly leg into the spread by selling the 10 calls if the stock spikes a bit.. selling a nickel call is hardly worth it. other alternative is to make it a sep/oct 9call calender..the sep 9's are going for .15 still... that .15 cuts your cost basis in half. see all of mikes on-air trades in this google docs spreadsheet

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