Replies to post #76378 on Option Millionaires

[THECRAPSMAN]

Why does SPY lose its value so fast?

[JTMarlin]

Ive been considering bac puts as well hmm

[Lucky_Charm$]

noticed quite a few closing below/on its 5 SMA. BAC is one of them. What would you be looking to buy if you entered a PUT position? Meaning what strike price/date etc....tia

If BAC doesn't gap down Monday, thinking of buying some Feb 3rd $7 PUTS. Close at .07