Ok cool thanks man. I initially just bought the ITM put but then my buddy told me to go with a ITM call to strangle, just incase BAC surprises. So that's why I was ITM.
I bought 2 contacts of each. The puts at .91 and the calls at .72.
I actually sold the Call at open for a loss due to headlines saying BAC can and will report poor earnings tomorrow and other message board jibber and of course the Fking thing rallies 4% right after. So now I'm just holding a ITM put which will probably just turn into a bag by Friday.
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