Stock Chart

FBP - Rough day for FBP

06/24/2010 02:18 PM by Dave Pinsen

Looks like some of this move in the underlying might have already been priced in to the Dec $2.50 puts I picked up last week at $1.70, when FBP was trading at about $1 ( http://shortscreen.com...... ). The bid has only moved up to $1.85. Still plenty of time left though.

Rating:
4

Submit a comment

In order to comment please sign in.

  • 06/25/2010 02:24 PM by Dave Pinsen

    Down 26% since last week. How long until this makes the FDIC's Friday Night Lights Out list?

    Rating:
    3
  • 06/26/2010 10:01 PM by cnairn

    That looks like it's going to zero. Are you hedging by being long anything like TCB?

    Rating:
    4
  • 06/26/2010 10:27 PM by Dave Pinsen

    I'm not long any banks or financials now. I mentioned this in an earlier thread ( http://shortscreen.com... ), but I was looking for a bank to go long as part of a pairs trade and I couldn't find one I wanted to buy.

    Rating:
    3
  • 06/28/2010 04:58 PM by Dave Pinsen

    How low can something fall?: http://steamcatapult.c...

    Rating:
    4
View All FBP Posts
© 2009-2024 Launching Innovation LLC. A simple and effective website by Simande.