Find several options opportunities with these large bank stocks
Banks Bounce Back
There’s been big news coming out of the finance sector of late, and that’s caused a lot of trading in the biggest companies in the space. It’s also caused some hefty trading in exchange-traded funds (ETFs) pegged to the financial industry. Of course, there’s also been plenty of action for options trading investors.
The biggest news came on Friday, March 18, when the Federal Reserve announced that it would allow many of the nation’s biggest banks to raise dividends. The move sparked a rally in the banking sector that day, but not every stock participated. There’s also been news of a reverse stock split in Citigroup (NYSE: C), while Bank of America (NYSE:BAC) was refused permission to raise its dividend.
So, what does this diverse news mean for options traders, and how can you profit from the latest developments in the space? Here are five bank sector options for a changing financial landscape.
No comments:
Post a Comment