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Could someone explain this BAC stock to me?

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rcpratt said:
Why don't you like, google it.
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I don't know what I am looking for. I see bank of america at $6.25, but this stock is also called BAC and is at $1.33 right now and lost 20% today? Is that good or bad, since my friend says I should get it minutes ago, its as if a loss is a good thing? So im wondering if its a short.
 
Put can Call are basically betting that by a certain date this stock will rise to a certain value or fall to a certain value. For example its 6.25 now for $1.33 you but it for Jan 21. On jan 21 you pay 7.5+1.33 = 8.83. If the stock is worth more than that you win...

This is my wind guess, I an not exactly sure...

This is the option chart, it has something to do with it...
http://finance.yahoo.com/q/op?s=BAC&m=2012-01
 
You should probably let someone who knows what the hell they are doing manage your investments.
 
If you don't know what put and call are, then you probably shouldn't be even thinking about purchasing them. Even if you know what they are, you probably shouldn't be even thinking about purchasing them.
 
GotIssues said:
If you don't know what put and call are, then you probably shouldn't be even thinking about purchasing them. Even if you know what they are, you probably shouldn't be even thinking about purchasing them.
Click to expand...

lol, exactly, they are tools for professionals to hedge their stock purchases, I don't think anyone who does stock trading part time should get into these...
 
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