Barclays monthly candles, eight straight red, shares have halved - a failed Brexit should brighten things up for BCS (and the other big City banks) ---- I could get in a Jun/Sep $9 calls calendar for about $25/contract, the Jun calls expire <$9 just days before the referendum, I am left with Sep $9 long calls, the Brexit fails, BCS rallies $5 to $10 by September, and my $25 contracts go to $500-$1000. If right, a $1,000 stake on this trade turns to $20,000-$40,000. If BCS is trading a little shy of $9 near Jun expiry (just b4 the binary event), I could cash in some of the calendar spreads to cover the cost of the trade plus some profit and let the balance run to September.
"If The Fool persists in his Folly he will become wise." - William Blake