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BAC, Bank of America, whose stock has been severely battered, had been operating under an MoU since 2009. The memorandum, according to Reuters, said that "governance, risk and liquidity management" were problems that needed to be fixed. However, regulators met again with BofA's board recently and said they wanted to see more progress on the bank's compliance with the MoU.
"In the absence of progress, the informal order could turn into a formal and public action, which would likely mean intensified scrutiny and greater restrictions,".
Below are straddles for BAC, computed with StraddlesCalc Tool. Stocks is right between strike prices, great, but risky shall the stock price not move.
Please do your own due diligence. This is not advice. Options are very dangerous and may cause 100% loss.
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