Free Trade of the Day

Notes: On July 17th, Bank of America (BAC) reported Q2 EPS of $0.32 vs $0.26 estimate; Revenue of $22.95B vs $22.84B estimate.

Bank of America (BAC) Options Trade Idea

Buy the (BAC) Sep. $15/$16 Call Spread for a $0.33 debit or better

(Buying the Sep. $15 Call and selling the Sep. $16 Call, all in one trade)

Stop loss- None

Upside target- $0.75-$1.00

Updates: Yum! Brands (YUM) shares rose 0.91%, closing in on the $73 resistance level. Shares of Renren (RENN) soared to the $3.50 level we highlighted earlier this week. So if you didn’t take profits this morning, consider doing so tomorrow.

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