How does a 9.2% nominal return in 11.8 weeks grab you?
And all that has to happen to garner that return is for BAC to be THREE bucks or higher at NOVEMBER expiration (it's $8.14 now).
Are there any greener pastures than THAT? I'd be surprised if most of the trials even STARTED by then. Where is the risk here? BAC selling in the 2's or below BY mid-NOVEMBER?
Is there a senior here who wouldn't want a 9.2% ACTUAL (not annualized) return on such a proposition? It's there and waiting at my brokerage for those having naked put-writing authorization and willing to use fresh cash as collateral.