Pravit Chintawongvanich

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Last quote by Pravit Chintawongvanich

What's interesting here is that the options market reacted so strongly to the story of (hedge funds) reducing their credit exposure to (Deutsche Bank), rather than just the stock price going down. The options market 'thinks' the chance of DB stock reaching those low dollar strikes is still high, even after the 14 percent jump in the stock.
Oct 03 2016
Pravit Chintawongvanich has most recently been quoted in an article called Options market is betting on further declines for Deutsche Bank shares. Pravit Chintawongvanich said, “What's interesting here is that the options market reacted so strongly to the story of (hedge funds) reducing their credit exposure to (Deutsche Bank), rather than just the stock price going down. The options market 'thinks' the chance of DB stock reaching those low dollar strikes is still high, even after the 14 percent jump in the stock.”.
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