Replies to post #31045 on Cat House

[Porgie Tirebiter]

WFC $44.50 P @ 36¢ for Sept. 30.

Excessive implied volatility over FED worries in 1/2 hour from now and of course the executive turmoil which in the long run will have little effect on earnings.

If FED sounds hawkish on rates it should be good for all financials.

Either you'll own WFC at $44.50 or get better than 21% annualized return for your cash on a trade with a maximum nine day lifespan.