BAC Milkings 30 July

Today BAC has moved up slightly and looks like it may eventually close the gap at $25. For now we will roll our 24 strikes up to 24.50 and book some profits. We make $391 on 10 contracts, or $0.39 per share of new profit.

This is in about 4 weeks of time, so our stock cow is being very generous. At this pace, we'll recover our initial outlay in about 3 months, and could potentially treble our money by the time our original outlay loses all hedging value.

size: 10 contracts
Long Term Hedge: $4,010 or $4.01 per share
Cash Flow to Date: $929 or $0.92 per share
P&L to date : $1,426 or $1.43 per share