butterfly

How to Play a Lehman Collapse, Conservatively

Shorting the stock doesn’t seem all that attractive an option here. If Lehman proves that their assurances actually have some merit, the stock could snap right back to the 40-45 level. Instead, we want to take advantage of the monstrous volatility that has been priced into the near-dated options...

Stock Symbol: LEH LEHMAN BROS HLD Stock Price: $16.20 Todays Change: +1.03 (+6.79%)