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Turnaround Year for E*Trade?
After a steep dive from $25 to $2 and change, insiders are betting big that 2008 will the E*Trade Financial’s (ETFC:NASDAQ) turnaround year. Since January 30, 2008, ten insiders bought 461,649 shares between $3.99 and $4.06 on January 30, 2008.
But what’s most impressive is that they bought after a one-month triple digit move on the stock off $2 lows. That alone speaks volumes on confidence, which may explain last Thursday’s call option volume on February 4 and 5 calls, as well as March 5 and 6 calls.
Sure, the stock took a major dive in 2007, but that’s…
20Feb2008 | Anonymous | Comments Off | ContinuedOptions Trading: How to leverage market volatility into profits
When trading options, the key to winning speculation is to risk as little money as possible to make the biggest return. And that perfectly describes the opportunity I’ll be presenting you today.
For starters, let’s look at the stock movements of some of the top mortgage lenders. On July 10th 2007, Fannie Mae (FNM – NYSE) closed at $66.49. Today it trades for $34.34, good for a 50% loss.
Also on July 10th 2007, Countrywide Financial (CFC – NYSE) closed at $37.34. A week ago, it traded for $5.01, marking an 87% loss.
In short, two of the…
12Feb2008 | Anonymous | Comments Off | Continued
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