Loading ...Looking across the entire spectrum of possible option trades, this was the cheapest one I could find…that had an end of the rainbow chance of making $250K if 2008 repeated…in 2008, when WFC was $36, did any of the CNBC Fast Money boys evision a 12 buck price tag…or a one buck price tag on City? For $800, I think of this trade as a fire insurance policy…how often does the house burn down? Not often…but when it does yer glad it’s insured…I could load up with 200 October 2018 JNUG calls for $20 to 25K–OR 10-12 K OF SLV CALLS…but I have little confidence in PMs anymore…to risk that kind of exposure…and in 2008 when stocks crashed so did PMs…
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