Europe's giant snow ball is falling down the hill: profit from a banks' collapse

Greece seems almost forgotten now that it has been replaced by Italy's woes in the news. The European leaders are now publicly discussing splitting the Eurozone into two. These are fascinating times, we can see the snow ball falling up the hill.

Below are straddles on XLF for November, computed with StraddlesCalc tool.

This wonderful tool indictaes the moves required by the underlying ETF to achive profitabiliyt.

If you think 6% or so is too much, these are the results from our previous straddles, from Oct 28:

+37% is not bad for about 10 trading days.


Please do your own due diligence. Options are dangerous and may cause 100% loss.