4 Trade Ideas for Bank of America: Bonus Idea

  • Posted by on September 14th, 2026 at 7:15 am

Here is your Bonus Idea with links to the full Top Ten:

Bank of America, $BAC, comes into the week trying to poke above resistance. It has the Bollinger Bands® squeezing in as it sits on the 20 day SMA. The RSI is rising in the bullish zone with the MACD flat near zero after resetting lower. There is resistance at 63 and 64 then 65.20. Support is at 62.50 and 62 before 61. Short interest is low at 1.2%. The stock pays a dividend with an annual yield of 2.04% and has traded ex-dividend since September 4th.

The company is expected to report earnings next on October 14th. The September options chain shows the biggest open interest at the 55 put, then 60 and 57. 50. On the call side it is biggest at 65. In the October chain open interest is big from 62.50 down to 52 biggest at 60 on the put side. In the calls it builds from 55 to a peak at 65 then tails to 70. Finally in the November chain, open interest is biggest at the 55 put then 60 and 50. On the call side it is biggest at 65 then 62.50.

Bank of America, Ticker: $BAC

Trade Idea 1: Buy the stock on a move over 63 with a stop at 60.

Trade Idea 2: Buy the stock on a move over 63 and add an October 62.50/60 Put Spread (96 cents) while selling the November 70 Call (51 cents).

Trade Idea 3: Buy the October/November 67.50 Call Calendar (73 cents) and sell the October 57.50 Put (39 cents).

Trade Idea 4: Buy the November 57.50/65/70 Call Spread Risk Reversal (60 cents).

Premium Content

The Best

The Rest Premium

Free Content

The Rest

If you like what you see sign up for more ideas and deeper analysis using the Get Premium button above.   

After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday, which with the Labor Day shortened week in the books, saw equity markets survived the inflation data with a small loss and were set to head into the FOMC meeting next week.

Elsewhere, look for Gold to continue the pause in its uptrend with Crude Oil in a short term move higher. The US Dollar Index looks to continue in a tight range near par while US Treasuries hold the move lower at 22 year lows in price. The Shanghai Composite looks set to continue lower in consolidation while Emerging Markets creep higher in their uptrend.

The Volatility Index looks to continue low in the normal zone at the lows of the year keeping a tailwind behind equities. The charts of the SPY and QQQ are building ranges over support on the shorter timeframe, while the IWM continues to face greater short term downward pressure. They all continue to look strong on the longer timeframe consolidating at the highs. Use this information as you prepare for the coming week and trad’em well.