Bank of America Corp. (BAC) opened at 24.05. So far today, the stock has hit a low of 23.19 and a high of 24.29. BAC is now trading at 23.26, down 0.55 (-2.29%). The stock hit its 52 week high of 52.96 in October and set its 52 week low of 22.44 in June. BAC has been slipping for the past year. Bank of America shares have been dropping after the investment bank KBW said the bank will have to raise $10 billion in new capital. Technical indicators for the stock are bearish and steady while S&P gives BAC a negative 2 STARS (out of 5) sell rating. If you’re looking for a hedged play on this stock, consider an August bear-call credit spread above the $30 range. BAC stock could rise up to 29% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]