Pues...
http://www.zerohedge.com/news/2-million-bet-bank-america-will-be-4-november
Will BAC be at $4 by November? We don't know.
But someone just made a $2 million bet that this is precisely what will happen. Minutes ago, 54k $4 BAC November Puts were purchased at $0.37. The total price: $2 million.
Will this event occur? Like we said, we don't know, but it sure looks far more realistic than Paulson's bet that BAC will trade at $30 by the end of the year.
