With earnings in the biggest bank names mostly out of the way, the time is now for banks to put up or shut up.

And today’s trade is in one of the “junkiest” banks out there we know — Bank of America. Sorry, not sorry.

With a nearby risk management level, we’re gonna make the put buyers pay for our bullish calls.

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I don’t like this market. It can’t make up its mind. Things were starting to look promising last week, then Friday happened. And even today, intraday, we’re seeing weird, indecisive trading action.

So I know I’m a broken record, but as long as this sideways slop continues, I’m looking to stay delta neutral and sell premium. And with earnings event risk all over the place, it is probably best to stay with liquid ETFs.

Today’s trade is in the Oil Patch.
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