Bac

[JamesJ]

sold some more.
8k out of 20k from 4.07 left.
looking for 5+

 

[nitro]

Take out (take over) delta is not zero. That is what is being played.

 

[Melicious]

Quote from nitro:

Take out (take over) delta is not zero. That is what is being played.

I'm not smart enough to understand what you just said. Can someone explain the quoted post? Thanks! -Melissa

 

[nitro]

Quote from Melicious:

I'm not smart enough to understand what you just said. Can someone explain the quoted post? Thanks! -Melissa

Look at the price of the BAC FEB 20, 2009 10 strike call. That thing should be no bid by three cents. Instead, as I write this, it is .14 x .16.

These stocks are all emotion. The option market is telling you that.

 

[JamesJ]

Quote from nitro:

Look at the price of the BAC FEB 20, 2009 10 strike call. That thing should be no bid by three cents. Instead, as I write this, it is .14 x .16.

These stocks are all emotion. The option market is telling you that.

right, pure emotion/rumours...
right now the squeeze goes on as the overall market's heading higher.

if there's some positive news (TARP related) coming out, it could skyrocket.

 

[midniteeuropa]

if there's anyone who's willing to nationalize BAC, it would be obama .

 

[ByLoSellHi]

BAC is too big to fail; it's shareholders? They aren't.

 

[nitro]

Quote from nitro:

Look at the price of the BAC FEB 20, 2009 10 strike call. That thing should be no bid by three cents. Instead, as I write this, it is .14 x .16.

These stocks are all emotion. The option market is telling you that.

Oy,

I just realized that if you did not understand what I wrote before (and that is being kind to myself because I may have assumed too much and noone would understand it) you probably don't understand what I mean here either.

What I am saying is the options markets are giving a non-zero probability of the stock getting taken over, by action in waaay out the money calls in the front month. MMs are forced to raise their vol on these calls. Greed and Fear intense, both present at once.

 

[Melicious]

Quote from midniteeuropa:

if there's anyone who's willing to nationalize BAC, it would be obama .

Dodd said today that wasn't going to happen. He laughed when the reporter asked about BAC getting nationalized.

 

[midniteeuropa]

non sense where is the link ?

Quote from Melicious:

Dodd said today that wasn't going to happen. He laughed when the reporter asked about BAC getting nationalized.