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CKachi have been involved in the markets for over a decade. He takes an active role in researching, analyzing and always trying to be unbiased in his trades in equities, options and ETFs. He is a strong advocate of extensive research, and analysis to come up with only a handful of trading ideas... More
  • NBG & A Potential Call Options Play 2 comments
    Apr 27, 2010 7:24 PM | about stocks: NBG
    Now that NBG has been battered like there's not tomorrow by the markets. It looks like a very appetitite pleasing buy at it's price point of around $2.60 (market close 4/27/2010)

    The speculative nature of this trade in my opinion is figuring out what month it would bounce back to $5.00 and purchasing that month's call options.

    It will absolutely bounce back, it's just a matter of when...

    My move on this would be August $5.00 calls

    August $5.00 calls           November $5.00 calls
    bid $.0.10                        bid  $0.30
    ask $0.25                        ask $0.40

    This can be a very speculative suggestion. Warning!

    Disclosure: Short NBG, Long NBG August $5.00 calls
    Themes: Financials, Greece, Debt, Euro, Euro Debt, Options Stocks: NBG
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Comments (2)
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  • Chkrazer
    , contributor
    Comments (64) | Send Message
    "It will absolutely bounce back, it's just a matter of when..." ... really ?? will it "absolutely" bounce back ??
    27 Apr 2010, 08:11 PM Reply Like
  • CKachi
    , contributor
    Comments (49) | Send Message
    Author’s reply » Thanks for holding me to my word there Chkrazer.


    But, NBG is too big to fail and it will be bailed and it will bounce back to a $5 dollar level. Good luck!


    The chances are in the 90% range IMHO that this bank will be saved and will get help.
    28 Apr 2010, 01:05 AM Reply Like
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