July 9 (Bloomberg) -- Bank of America Corp. recommended selling Siemens AG put options on speculation an improvement in the global economy will help prevent shares of Europeâs largest engineering company from dropping further. The brokerage advised selling puts expiring in August at a strike price of 45 euros, a strategy that will be profitable so long as the shares remain above the so-called break-even price of 42.74 euros. Siemens advanced 2.4 percent to 47.10 euros as of 11:46 a.m. in Frankfurt. âWe do not see a lot more downside from here,â London- based Bank of America-Merrill Lynch analyst Mark Troman wrote in a report today. âThe current macro-economic environment is more positive than it was in the first quarter, when the share price last dipped below the break-even.â The German engineering company said last month that it expects to win orders of about 15 billion euros ($21 billion) from economic stimulus programs as governments worldwide increase spending to boost their economies. That should help to stabilize the business, the company said. The âweaknessâ in current equity markets may prevent Siemens shares from rising, making strategies using options more appealing, according to Troman. âSiemens has some scope to perform well in the next 3 to 6 months but is likely to run out of steam thereafter,â he wrote. http://www.elitetrader.com/vb/newthread.php?s=&action=newthread&forumid=51 Hum....selling puts ? Where is Victor Niederhoffer ?