Haven't bought any stocks for a couple months so I've raised some cash. Will be selling more puts if we reach mid 15s. Unless market sells off hard my July 14s should expire worthless, will prolly sell Jan 15s at that point.
The market could sell off hard but my bet is 15.45 to 15.20s is the rock bottom for ETFC even with a HARD sell off. I think it will be a tuff summer. Sell in May and Walk away unless you believe buy out could happen. Anything could happen with ETFC. It wouldnt supprise me for a buy out to happen. Nor would it supprise me to be 20.00 a share in December with no buy out. This company has a positive future. I personally do not have balls to short it even in a bear market.