Norm I sold 10 Dec 26 puts several months ago for $1.98. Now you have me wondering whether I want the share price above that on strike date or not. Maybe it's better for me to pocket the 1.98, keep the shares, and watch them rise big time.
You have been a supporter of BBT for quite a long time. The gist of your thesis is that write-offs will someday end and in some cases be reversed into income.
Today Goldman said to buy banks so the cat is out of the bag. I would be accumulating the banking sector on pullbacks. Imo, bbt will have 1 more bad qtr of charge-offs and then the tide will turn. The bad land loan portfolio is nearing the finish line.