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BAC is one of the big banks that stands to benefit the most from the Trump presidency. Like the other banks, BAC will certainly benefit from a steepening yield curve and a wider net interest margin, but BAC will likely benefit more than some of the other big banks if the Dodd-Frank Act gets repealed. BAC has had more difficulty than most of the other big banks passing stress tests and gaining approval for its financial plans. This has kept the stock’s valuation lower than its peers, but it gives the stock more room to run in the face of a lighter regulatory environment.

BAC is just now bouncing up off of what used to be long-term resistance at $19.86 — which was established all the way back in April 2010. We anticipate the stock is going to rise above this level and continue on toward $21-$22.

‘Buy to open’ the BAC January (2017) 21 Calls (BAC170120C00021000) for a maximum price of $0.65.

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