Thursday, August 18, 2011 1:47:35 PM
A $2 Million Bet That Bank Of America Will Be $4 By November
Submitted by Tyler Durden on 08/18/2011 - 13:12
(per Stuffie)
Will BAC be at $4 by November? We don't know. But someone just made a $2 million bet that this is precisely what will happen. Minutes ago, 54k $4 BAC November Puts were purchased at $0.37. The total price: $2 million. Will this event occur? Like we said, we don't know, but it sure looks far more realistic than Paulson's bet that BAC will trade at $30 by the end of the year.
Submitted by Tyler Durden on 08/18/2011 - 13:12
(per Stuffie)
Will BAC be at $4 by November? We don't know. But someone just made a $2 million bet that this is precisely what will happen. Minutes ago, 54k $4 BAC November Puts were purchased at $0.37. The total price: $2 million. Will this event occur? Like we said, we don't know, but it sure looks far more realistic than Paulson's bet that BAC will trade at $30 by the end of the year.
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