Flash Buy: Bulls Banking on Bounce Back

December 3, 2019

Our Hot Money Tracker has a new buy alert that has triggered.

We're seeing an increase in call options traded in Bank of America Corp. (NYSE: BAC) in the last hour.

Hot Money is making a move in the December 13, 2019, $33.50 call, which means they are looking to profit on prices soaring higher in the coming hours.

Here's what we're doing...

We're buying to open the Bank of America Corp. (NYSE: BAC) December 13, 2019, $33.50 call up to $0.18 per contract or better, for the day.

Action to Take:

  • In your brokerage account, locate the BAC December 13, 2019, $33.50 call:
  • The symbol is BAC191213C00033500.
  • Search for options under the stock ticker: BAC.
  • Make sure you choose the right options expiration (expiring on December 13, 2019).
  • Choose the $33.50 strike price.
  • Select "calls" options. Select how many contracts to buy.
  • Once you have the right contract, click "buy to open."
  • Choose "limit order." (This sets the max price you'll pay per contract).
  • Use a limit of $0.18 per contract.
  • Click "Day" for TIF (Time In Force).
  • Then click "buy" to transmit the order.

You can also call your broker and say, "I want to buy to open BAC December 13, 2019, $33.50 call with a $0.18 limit or better; for the day."

If Hot Money is right that shares of Bank of America Corp. (NYSE: BAC) prices will soar higher in the coming days., our calls would quickly increase into a double or triple-digit gain - giddy up!

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Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%