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  • Bank of America Corp. (NYSE:BAC) Call Options are Selling for Cheap

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    Monday June 6, 2011 at 09:53 am EST
     
    Bank of America Corp. (NYSE:BAC) Call Options are Selling for Cheap
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    Shares of Bank of america Corp. (NYSE:BAC) closed at $11.28 on Friday near the support level of $11.18. Major support levels for Bank of America Corp. (NYSE:BAC) below Friday's close are at $11.18 and at $10.76. Major resistance levels above $39.85 are at $11.61, $12.44, $13.22 and $13.56.

    Shares of Bank of America Corp. (NYSE:BAC) are under tremendous pressure on mortgage fraud concerns. A new scam every day has resulted in investors not trusting the Bank anymore. Bank of America options for Jan 2013 for strike price $12.50 were trading for cheap at $1.34. It can be a great investment to double our money if you believe BofA will at least be $15 by Jan 2013.
    Shares of Bank of America Corp. (NYSE:BAC) are down around 11% in last 30 days and are 15% down year till date. If Bank of america Corp. (NYSE:BAC)  comes out of the mortgage trouble soon, shares will gain tremendously in one year.


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