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Bank of America Corp.

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BAC Iron Condor pre-earnings announcement Monday morningThe options market expecting a move of 5.3% in either direction. This move was breached in 2 out of the last 12 earnings . gyazo.com The post-earnings move was outside of the implied range 2 times. In those cases, long straddles were profitable. The rest of the earnings moves likely yielded profitable Iron Condors. Scanning for the best options trade of all calendars, straddles/strangles, iron flys and condors, the highest ranked trade is a IronCondor with strikes at 26, 30, 33, and 37, expiring on 2022-11-04, for a credit of $1.35. gyazo.com We can see the theoretical values in more detail. The distribution edge D%, found by the expected value of the payoff picture on the stock's historical distribution, has an edge of 2.0%. The forecast edge, which is derived from historical volatility , has an edge of 13.3%. Lastly, the smoothed edge, which is calculated by drawing a best fit curve through the monthly implied volatilities, has an edge of 0.0%. The edge is relative to the mid-market price of the trade. Greater positive edges are a theoretical benefit to the trader. We can also look at the payoff graph. The probability of profit sums the probability of the nodes for the part of the payoff picture above the zero profit line over three standard deviations. For this trade the probability of profit is 62.31%. The reward to risk divides the max gain by the max loss. Here the 1 to 2.0 is the ratio of the max gain of $133 to the max loss of $-267. There are two break evens for this IronCondor at 28.67 and 34.33. The total greeks and ThinkOrSwim code complete the information on the trade analysis popout.
NYSE:BAC
by ORATS
False Breakdown in Bank of America?Bank of America lost more than 40 percent of its value between February's high and this morning’s low. Is the megabank now showing signs of a bounce? The first pattern on today’s chart is the early drop to $29.31. That was BAC’s lowest price since December 2020, but it lasted less than 30 minutes. Prices turned green by 10am ET and quickly surpassed the previous session’s high. The result was a few possible reversal patterns. First is today’s bullish outside candle. Second, you have a false breakdown to new 52-week lows. Third is the potential double-bottom at the July lows. That’s especially visible on the weekly chart, which also shows BAC holding support from early 2021. The next pattern to watch could be the falling trendline along the highs of September 20 and October 4. This, combined with the support level from February 2021 of $29.57, create a narrowing range. Traders may look for a potential breakout, especially with quarterly results due the morning of Monday, October 17: TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:BAC
by TradeStation
Elliott Wave View: Bank of America (BAC) Rally Should Fail for MShort term Elliott Wave view on Bank of America (BAC) shows that cycle from 9.12.2022 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 9.12.2022 high, wave 1 ended at 33.54 and rally in wave 2 ended at 34.90. The stock has resumed lower in wave 3. Down from wave 2, wave ((i)) ended at 33.66 and rally in wave ((ii)) ended at 34.87. The stock resumes lower in wave ((iii)) towards 31.21, and rally in wave ((iv)) ended at 31.82. Expect the stock to extend lower 1 more leg in wave ((v)) to complete wave 3, then it should rally in wave 4 before it resumes lower again. The stock is now close to breaking below the previous low on 7.14.2022 low (29.67). A break below 7.14.2022 should open up a bearish sequence from 2.10.2022 high calling for further downside. Other broader Index such as Dow Futures ($YM_F) and S&P 500 ($SPX) already broke the same equivalent low, thus it’s likely that BAC should do the same. Near term, as far as pivot at 34.88 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
NYSE:BAC
by Elliottwave-Forecast
1
$BAC bouncing between $32 and $35🔸️Ticker Symbol: $BAC timeframe: H-1 🔸️Neutral Pattern 🔸️Investment Strategy: Neutral TECHNICAL ANALYSIS: I think we have a great opportunity to play both sides with BAC; in the short term MM on the Trendsi Dashboard is moving up; indicating that we can more than likely see a push to the upside; which looks even more favorable when we add in our order blocks on the H-1. There are two potential levels to watch for price action; but in the short term, look for BAC to rally a pt or two; I do like the potential rejection at $34.5 and $35.5. Keep these levels on your charts and watch for a break down lower to retest $32 once these order blocks are filled. 🔔 Follow for daily stock, crypto and forex technical analysis . ⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
NYSE:BAC
by cj-
US DIVERSIFIED BANKS FORECASTThese are from where i expect the bear market to end I have done an analysis of diversified banks in an attempt to find the most yielding and potential highest returns when markets recover Sector: Industry Industry: Diversified Banks $EWBC $JPM $WFC Do ur own due diligence cause these are designed to be the perfect estimates in an undisturbed environment follow ur fundamentals to figure the bumps ahead IN MY CONCLUSION $JPM FOR THE WIN SENNA SEASON
NYSE:BAC
by Bekiumuzi_Dube
1
BAC expected to rise towards $37BAC stock price is trading at a major Fibonacci retracement level. Price is in bearish trend making lower lows and lower highs. There is no sign of a reversal yet. The RSI is not making lower lows, producing bullish divergence signals. I believe that the most probable scenario is for BAC stock price to form a bottom and signal a reversal to the upside soon, this expected reversal will eventually push price towards $37. I would certainly NOT be bearish BAC at current levels with current technical conditions. I would be looking entry points for long positions in order to trade the bounce.
NYSE:BACLong
by trading2day
$BAC DUMPING AS EXPECTED 🩸🔸️Ticker Symbol: $BAC 🔸️Timeframe: 4H 🔸️3X Bear Pattern 🔸️Investment Strategy: Short TECHNICAL ANALYSIS: $BAC is currently in a 3X bear pattern. This means all three of our indicators are pointing in the same direction. We have our money momentum heading lower, a red dot meaning a key ema crossover and also our middle band has now shifted over from green to red representing bearish marker momentum. If we can continue in this 3x bear pattern, I do believe we can see a test of approximately $34.90 which would be our middle line on the regression tend indicator. 🔔 Follow for daily stock, crypto and forex technical analysis. ⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. Trendsi Trades LLC is not a financial advisor and may not be held liable for any losses which may occur.
NYSE:BACShort
by TrendsiTrades
1
$BAC IS THE RALLY OVER 📉🔸️Ticker Symbol: $BAC 🔸️Timeframe: 4H 🔸️Investment Strategy: Short TECHNICAL ANALYSIS: $BAC Post earning has increased in value 24.24% at its max. Is this rally sustainable? If we take a look at our linear regression indicator it suggests we are in the top deviation level. Now historically when we have entered this area, we have seen a nice move lower on $BAC. We also have our white line on the dashboard representing "money movement" shifting lower while the price of the stock is currently still increasing. This is known as divergence. With all of these indications sounding at the same time I do believe we could potentially see a nice selloff on $BAC in the coming week. Please leave a comment below on your personal investment strategy. 🔔 Follow for daily stock, crypto and forex technical analysis. ⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. Trendsi Trades LLC is not a financial advisor and may not be held liable for any losses which may occur.
NYSE:BACShort
by TrendsiTrades
BUY BAC Bank of America - resilient value play against inflationFundamentals: Here is what ClearBridge Investments has to say about Bank of America Corporation (NYSE:BAC) in its Q1 2021 investor letter: "Higher long-term interest rates supported financials such as Bank of America, which has shown both defensive and offensive characteristics in the past year. We believe it continues to be the least risky large bank from a credit standpoint, with conservative underwriting and controlled risk taking, a leading consumer deposit franchise, scale and technology. It is also a leader in its commitments to sustainability, or as it terms it, responsible growth. Disclosure and reporting at all levels form a large part of this commitment, including gender diversity and equality, environmental commitments and support of communities in which it operates. In the first quarter Bank of America announced it is setting a goal of net-zero greenhouse gas (GHG) emissions in its supply chain and operations, and notably also in its financing activities, before 2050." Technicals: - reached golden pocket zone, 61.8% pullback fibonacci retracement - support zone at 29-32 price - MACD oversold, sell pressure weakening Actions: Currently double hammers on the weekly, enter a LONG on a bullish engulfing candle. Definitely a solid value play for the inflationary environment.
NYSE:BACLong
by Gold_D_Roger
(Update) BACAs correctly anticipated on 16 July 2022'S commentary, Bank of America rallied on the back of the highlighted morning star pattern and reached $35.41. Going forward, Bank of America could continue rally if it continues to be above the resistance turned support level of $35.41. Bullish crossovers in MACD and EMA10-EMA20 also suggest this rally potential. Latest resistance levels are seen at $37.47 and $38.75. However, a daily close below $34 could present short selling opportunities. First downside support is $32 while second support is seen at $29.67, which was the year to date low.
NYSE:BAC
by Boring_Trader