Buying 9/18 FE $34 Calls for $1.95
0.5% position
This is a HIGHLY speculative trade. First Energy (FE) is under investigation after allegations about bribery in the amount of $60 million or so surfaced at a related, now bankrupt spinoff of a nuclear subsidiary.
I don't know all of the details, but a $15 billion market cap company falling 30% in 2 days with amounts in allegations in the $60 million range seems like an over-reaction.
There might be sanctions, fines, punishments. But It should be somewhat muted.
In any event, I'm risking 0.5% of my capital to possibly double or triple my money really quickly.
This is a documentation of a trade, not a recommendation. Consult your own financial advisor and do your own due diligence. HIGHLY SPECULATIVE. Could go to zero.
0.5% position
This is a HIGHLY speculative trade. First Energy (FE) is under investigation after allegations about bribery in the amount of $60 million or so surfaced at a related, now bankrupt spinoff of a nuclear subsidiary.
I don't know all of the details, but a $15 billion market cap company falling 30% in 2 days with amounts in allegations in the $60 million range seems like an over-reaction.
There might be sanctions, fines, punishments. But It should be somewhat muted.
In any event, I'm risking 0.5% of my capital to possibly double or triple my money really quickly.
This is a documentation of a trade, not a recommendation. Consult your own financial advisor and do your own due diligence. HIGHLY SPECULATIVE. Could go to zero.
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