Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
Wednesday, October 20, 2010
Crazy Activity in Bank of America Long Term Options
Investors are snapping up long term options of BAC. We are talking January 2013! We are talking $2.50 puts!
You can also buy $10 2012 puts for about $1.40. Is BAC to go under? We should look at long term straddles.
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