BAC Crash: Profitting From Bank of America Rising or Dropping Further

Bank of America is in deep trouble for its Countrywide mortgages. The stock has dropped 15% in 5 days.

Below are straddles for November, for both BAC and XLF. Note that XLF has historically disappointed with regards to straddles.

Computed with StraddlesCalc.

Options are very dangerous and may cause 100% loss. Please do your own due diligence.