Open Question
I really thought USB was safe, but the options market is telling me otherwise.
The put volume is massive and I am thinking about a small piggyback position.
Do you have any opinions about this?
Position: Long USB
Page 1 of 1
well the puts are basically--as i see--pricing in 2 bucks of downside, so
safe/unsafe and its going to trade lower i think are different things. id
personally flip it and pick up some calls, then if they miss short the common.
Rate Now:
Average Rating: 0.00 / 0
USB does have one of the safest balance sheets in the banking sector... but that
just makes it the best house in a bad neighborhood.
I don't have grand expectations for the quarterly report tomorrow, but I do
believe that the 42.5-cent quarterly dividend (5.3% yield) is one of the few
safe ones in the industry.
Rate Now:
Average Rating: 0.00 / 0
Page 1 of 1