Options Action: Bank of America

With Bank of America earnings due Friday, how should you game the stock ahead of results?
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Source – cnbc.com

Bank of America’s Capital Plan

Bank of America raises $26B as a part of its capital raising plan, reports CNBC’s David Faber.

Bank of America Common Share Offering @ $10

Bank of America has priced 825 million shares at $10 each, sources familiar with the offering told CNBC, sending shares of the financial institution lower after markets closed Tuesday. – cnbc.com

Bank of America needs 35 Billion

Based on the stress test results, Bank of America needs about $35B of common stock, not fresh capital, reports CNBC’s Steve Liesman & Mary Thompson.

Cuomo Demands Bonus List from Bank of America