Buying put on Citi may indeed be a good hedge

来源: street168 于 2008-01-21 15:10:41 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (500 bytes)
本帖于 2008-01-21 17:58:06 时间, 由普通用户 一块五一卷 编辑
回答: Sky is falling - and here is my shopping list 由 street168 于 2008-01-21 11:22:53

The level of fear and panic at the moment is incredible: DJIA down 1000 points in one day is not impossible anymore. Citi 20p won't be selling at 25 cents by tomorrow for sure. Lots of index options available for trade, such as the SP500 index (SPX), etc. They'll be really expensive tomorrow.

The bottom line is that we have never dealt with an issue where about $2 trillion of bonds (not 1.5) are at risk. This is a very tricky time - big money can be made and lost over the next few days.

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