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Alan Knuckman's Deutsche Bank Trade

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Alan Knuckman spoke on Bloomberg Markets about Deutsche Bank AG (USA) (NYSE: DB). He thinks the selloff was overdone and he wants to use options to make a bullish trade.

Knuckman wants to sell the November 8 put for $0.65. If the stock trades above $8, he is going to collect the premium, which is his maximal gain. If Deutsche Bank trades below $8 at the November expiration, he is going to have to buy the stock at that price. He starts to lose money, if the stock drops below $7.65.

Posted-In: Alan Knuckman Bloomberg MarketsOptions Markets Media

 

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