Replies to post #8532 on Bank of America Corp (BAC)

[Maclovio28]

I bet it hits 5.21 tomorrow.. Maybe by next week it dips under 5.

[radiumsoup]

I think we have a day or two of continued, heavy downward action, followed by a bounce back up to almost 6 (6 is now resistance, not support). I'd love to play calls off the bottom of the bounce, but there's no way I'd try to guess the bottom on this one... so I'm sticking to puts, and will just try to time the top of the bounce again - it's worked so far for me. :)