Today the "banques du jour" are Dexia and MS, for their exposure to Greek bad loans, directly or indirectly.
MS's chart is ominous:
MS may be saved by further bailouts, or it may sink further. Below are straddles for October to January.
It should be noted that these are very expensive options and a lot has been built into the price.
Please do your own due diligence. This is not advice. Options are very dangerous and may cause 100% loss. Computed with StraddlesCalc Tool
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