Don't sell and don't buy either,SAN could go down every day from here on end until the Greeks exit the euro. Then we worry abut contaigen effects on the world banking system.hope you guys read my previous posts and bought some puts.
Greece exits the market won't be a place you want to be in. Especially Greek,Italy, or China.Then the U.S. And you will have a correction.
See now I'm going to make money with my puts. Then when the dust settles hopefully I can make money on the calls. Good luck genius.
I'm glad I've been hedging my position at least I'm positive unless SAN goes to the mid $5 range then I lose money I did good with the options on this stock over The past 6 months. I've been suggesting to you guys to do the same.
Hold on to SAN you might want to buy some puts. That's what I did it's worked fine doing good with this position. Look for a Greek resolution and a possible push into the $8 range. That has been my trade for the past several months. I bought the $7 July calls in Feb the rolled them in May for June.
That's pretty much it.well said.
Then it's very simple you should short the GREK and stay long SAN. Greece is a crumb right? Put your money were your mouth is.
I've been holding I'm not selling but I took a little money off the table and bought Puts I've been giving opinions on SAN periodically I think I've been pretty accurate most of the time. hey its just common sense. at this point you never know what's going to happen.in the past Greece is just been noise but now Greece is a real problem and a threat to the European financial system thus it can kick off a world financial selloff.Tsipris and Yanis Varoufakis are not folding their hand they will default because they to have common sense.
Here what you MUST DO! BUY PUTS. and protect your position when Greece defaults and it will then in the next few months the European banks will get crushed. thus we need to get ready for the Mad Greek and the Gambler Yanis Varoufakis.
The only problem with SAN going higher is that its probably going to go lower first, we know that at the end of June the mad Greek will default Greece will have to go into a state of emergency and capital controls will have to be introduced this will essentially cause a contagion effect on all the banks in Europe especially Italy and Spain. Then we will suffer for a while. Finally the US Fed will start to move toward monetary normalization so this will be a one two punch.
Greece doing a deal is a big gamble right now. I'm buying some puts on my position out of the money December $5 PUT to cover my position I would recommend you guys do the same. good luck.