Thursday, February 9, 2012


January 30 we see BAC and JPM match their float, JPM at the base of 44 and 42.98, if there is a second derivative we can see the absolute value of that variable basis multiplied by the NAV, and carried through for a PUT of (.50-.56) -> 2.52 in a three month spread, I can't see a break away as people are actually mentioning shorting the stock as the market psychology says beat a dog, and don't trust the piper. It's too bad BAC, JPM, have more volatility people will use that multiple to break the NAV further, it is oversold past the 9.54, and 28.69 inflection points.

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