Market Overview

Dan Nathan's Bank Of America Options Trade


On CNBC's "Options Action", Dan Nathan suggested a bullish options trade in Bank of America Corp (NYSE: BAC).

The company is going to report earnings Jan. 17 and the options market is implying a 2 percent move in either direction. Nathan thinks the stock is going to move higher and he wants to buy the January 30.50 call for $0.50. The trade breaks even at $31 or 2.41 percent higher.

Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media


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