Tuesday, January 11, 2011

Barclays options - Good Buy

I haven't updated this page in a while so I'll post some of my recent trades.

I bought shares in Barclays at $16.50-$17.50 range on Jan 3-6. Bought some June $15 in the money call options as well. Barclays is easily the most undervalued bank in Europe at the moment. They're highly profitable and beaten down because of the EU worries. I like it more than Santandar / NBG, but both of those are good buys too IMHO.

I use OptionsHouse to trade because of their low commissions. No one can beat their $0.15 per contract prices.

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