Sweet 16 Option Trades

The Options Trader’s Guide to Technical Analysis

#9 NBG April 5 Calls

By Jon Ogg, 24/7 Wall St.

Shares of the National Bank of Greece SA (NBG) have been taken out
to the woodshed. If the market has been strong, it has missed Greece’s largest bank. But lately we’re seeing more friendly comments out of the European
Union on aid to Greece. Despite being one of the PIIGS (Portugal, Italy, Ireland, Greece and Spain), it does not seem that the country is at risk
of default yet (longer-term may be another issue).

Also, the Greek bank has major partners all over Europe, and many considered it relatively healthy even as Greece’s woes were mounting. The stock
has also become a virtual proxy for betting on Greece’s recovery or demise.

So my pick is a bet on a near-term bounce on a Greek aid and austerity package — the NBG April 5 Calls (NBG   100417C00005000).
I think they offer the best leverage, least risk, and highest chance of the out-of-the-money strike moving in the money.

Learn
more about profiting from Greece’s short-term recovery with NBG.

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