We have two new Hot Money Trades that hit our system.
Our Hot Money monitor triggered a bullish alert in Bank of America Corp. (BAC).
We're seeing higher than normal buying demand in the BAC Dec 3, 2021, $50 calls with 47k contracts traded.
Here's what I'm doing…
Buy-to-open the BAC Dec. 10, 2021, $48/$50 call spread
At last glance, this is trading at $0.57 per spread.
Our Hot Money monitor triggered a bullish alert in Marathon Petroleum Corp. (MPC).
We're seeing higher than normal buying demand in the MPC Dec 17, 2021, $67 calls with 3.9k contracts traded.
Here's what I'm doing…
Buy-to-open the MPC Dec. 17, 2021, $67/$70 call spread
At last glance, this is trading at $0.72 per spread.
Let’s manage our risk before entry and I’ll keep you updated every step of the way.