David Bartosiak's Deutsche Bank AG (USA) Trade

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Speaking on
Bloomberg Markets
, David Bartosiak of Zacks.com said that European banks are a bigger problem than they were a few weeks ago. He explained that rising yields for convertible bonds of European banks could be a problem. Bartosiak suggested that traders should consider a bearish options strategy in
Deutsche Bank AG (USA)DB
as a way to make a bearish bet on the European banks. He wants to sell the March 16 call for $1.95 and buy the March 18 call for $0.90. The trade breaks even at $17.05 and if the stock trades below $16, he is going to make a profit of $1.05. Above $17.05, he starts to lose money and he can maximally lose $0.95.
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Posted In: MediaBloomberg MarketsDavid BartosiakZacks.com
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