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2 pts

Bought BAC calls

 May 28, 2008 05:00 PM UTC
Return Risk
+1.38% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
BAC Positive 05/28/08 -12.08% 06/13/08

Graphic_arrow1 Via Bluedog:  



I bought Bank of America (BAC) Jan'10 $35 calls at $4.55. BAC is exercising $1.9Bn worth of calls to up their stake in China Construction Bank (CICHF.PK) to 10.75% from 8.2% in China’s second largest bank. BAC’s original $3Bn investment in June 2005 is now worth about $30Bn.




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