bac

BAC IV Probably Too Cheap

Submitted by msebastian on Thu, 04/25/2013 - 4:41pm

IN the last few days, since Bank of America took a dive on its earnings, the stock has found some real strength.  BAC is now just a few cents from its 52 week high and threatening a 2 year high.  The move has not been a slow grinding move like we see sometimes out of banks.  It’s been a nice quick move.

This is why I am so confused by where BAC IV is trading.  Take a look at this stock chart, IV graph (the red line) and 20 day HV chart (the blue line).

bac_0.PNG

LivevolX (R) www.livevol.com

BAC on more movement

Submitted by atg on Tue, 02/12/2013 - 5:51pm

One of our Pro Clients had a funny quote in the Pro Chat today.  He said, "The S&P 500 is up today.  You don't see that every day. Oh wait a minute, yes you do."  In a nutshell, that is what we have, a market that is finding new ways to rally on news like the better deficit numbers and greater bank lending.

What to do when the whole world is for sale, buy a BAC!

Submitted by atg on Wed, 08/15/2012 - 6:00pm

 

While the market struggled today to find some kind of direction (no European bad, bad news on the funding front but no ECB goodies either on this European holiday), a few indicators are pointing south.  Not market direction mind you but more of the market volatility variety.  Each and every day, I see new 52 week lows for name implied volatility rolling across my screens.  This means a few things:

BAC Volatility Ripe for the Picking

Submitted by msebastian on Mon, 10/31/2011 - 3:42pm

If traders think that the MF Global debacle is going to be a mess, Bank of America could be much worse.

There it is!!! Today is the Most Frightened Day Yet...In Relative Terms

Submitted by msebastian on Thu, 08/18/2011 - 4:07pm

When I went on CNBC last month (where I mentioned that the VIX was ramping up in vol), I talked about how the VIX is relative.

Am Pit Report 8-25

Date: 
Thursday, August 25, 2011 - 9:50am

volatility, BAC and AAPL

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