Loading ...Maddog=thanks for checking that–It really doesn’t matter anyway–as u say, it would be impossible to offload all of them
Deer79–I agree with you–if one thinks a banking crisis is possible in Europe…the U.S. would not escape unaffected-I would not short DB…
Bottom line: I hear all the time from many quarters that 2008 will repeat…and next time will be far worse because the CBs shot their wad back in 2008…if 2008 is to occur this year or next, what better way to insure your assets–for peanuts–than spending $4 a put for WFC Oct 19th 2018 $30 puts or 9 bucks a put for the Jan 19th 2019 $30 puts….if 2008 did happen this yr or next ya could make $250K on 200 puts…in 2008 WFC dropped 66% from it’s high–the high this yr was $66–so 66% drop=$22—66% from the current price, $54, would be $17–CITY Corp went from about $64 to a buck in 2008.