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Ruby the Liberal

(26,620 posts)

5. And check this out...

Reply to dixiegrrrrl (Original post)

Wed Mar 20, 2013, 08:20 PM

Mar 2013

Someone put a 100k (!!) put on April financials XLF to $16 - they are at $17 and change right now. That is a MONSTER bet on that ETF. Makes me think of the shorts (or were they also puts?) on the airline industry stocks for Sept 2001 delivery that were never claimed.

http://online.barrons.com/article/SB50001424052748704372504578287852685209978.html

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Highlight:

"banks in Cyprus may never re-open if a bailout is not agreed." [View all] dixiegrrrrl Mar 2013 OP

So? "Pay protection or lose the lot." Does that about sum it up? /nt TheMadMonk Mar 2013 #1

Reminds me of the Nigerian scam. dixiegrrrrl Mar 2013 #6

Give us your money or the country gets it. neverforget Mar 2013 #2

That's associated with the current liquidity of their banks. dipsydoodle Mar 2013 #3

My take Ruby the Liberal Mar 2013 #4

Since a lot of the savings belong to rich Russians, I would not be surprised if Russia did this. pampango Mar 2013 #12

Oops! Ruby the Liberal Mar 2013 #13

Like pampango, I also think you're right. It could even end up as a bidding war! reformist2 Mar 2013 #14

And check this out... Ruby the Liberal Mar 2013 #5

You find the darndest stuff.... dixiegrrrrl Mar 2013 #7

This Cyprus thing has my undivided attention Ruby the Liberal Mar 2013 #8

The thing is, deposit insurance would not cover the losses. dixiegrrrrl Mar 2013 #10

Just did a quick Google which shows BI was on this ~6 weeks ago Ruby the Liberal Mar 2013 #9

"If you close your doors before 6 pm, you will never reopen!" - Mr. Potter, It's A Wonderful Life reformist2 Mar 2013 #11