luckyd1976
Established member
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I know Im sticking my neck out on a long term view but Im taking a LT stand on BAC today.
It's grossly undervalued!
Price $17.52
B-BAC Jan12 15 Call 5.30
S-BAC Jan12 30 Call 0.82
Net Debit 4.48
With the fundamentals of P/S 0.38 and P/B 0.85. I'll take this beatened down stock for the LEAPS. I'm measured my down side to my 13k risk. BUT my upside is 31k
2.36 to 1 risk reward ratio
It's grossly undervalued!
Price $17.52
B-BAC Jan12 15 Call 5.30
S-BAC Jan12 30 Call 0.82
Net Debit 4.48
With the fundamentals of P/S 0.38 and P/B 0.85. I'll take this beatened down stock for the LEAPS. I'm measured my down side to my 13k risk. BUT my upside is 31k
2.36 to 1 risk reward ratio
