QE3

[Grieve]

I was wondering if you were still in your BAC calls. 9.25 today. I have November 17th calls for 11. Not quite in the black but hopeing it hits 10. I also own some BAC in an IRTA that is doing very well.

I sold my BC 7.50/10 Jan call spreads a week ago for a 200% profit, but there was a maximum potential profit of 614% if I'd held them to expiry and BAC was over $10 at the time ($9.40 right now). :roll:

Likewise sold my C spreads yesterday for about a 80% profit, but there was a 276% potential profit if I'd held. I believed all the pundits saying we were due for a big pullback, idiot that I am. Same with the Apple spreads I sold that are worth hundreds more today.

I still have some BAC Jan $7.50 straight calls, which I bought for 90 cents each and are worth $2.10 today. I'm going to hold those to expiry...