Ouch! Rumors are flying today that Countrywide Financial is going to file for bankruptcy! The stock has just be slaughtered today - CFC(0.00 +0.00).
Well, I’m quite happy now that I didn’t actually sell those puts. It would be an ugly margin day in the account as we would be covering all of the intrinsic value [...]
So there are times that I am glad I didn’t actually put on a position. This is one of them. Take a look at the current state of CFC(0.00 +0.00). This stock is just getting hammered, again! Today it dropped $0.78 or 9.6% - there wasn’t really any real news!
Personally, I’d be getting a little [...]
What would happen if… my thoughts on an interesting trading idea. A bit of analysis and some more follow up to come in a few weeks once this plays out for real.
