Wednesday, February 1, 2012

Trade Reviews - February 1st, 2012

5-minute BAC chart

Today was a clear trend-up day in BAC. We gapped up from yesterday's close and never came came close to closing it. In the first hour of trading, BAC broke through R1 and R2. It looked like $7.50 would be a target, but only reached $7.42. The profitable afternoon trades were to buy every VWAP touch.

*Special thanks to Option Radar, BMO Capital, MEB Options, Bloomberg, Reuters, Optionistics, LiveVolPro, CBOE, AMEX, Option Monster, T.O.P. group, and all of the options desks and traders we work with to provide the option flow!

No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

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