NIA's President Buys MCO Put Options

 

 

NIA's President is making a bet that we will soon see a sharp decline in the stock of Moody's Corp. (MCO). He just purchased 150 MCO January 2011 $25 put options at a price of $1.30.

 

MCO is one of the ratings agencies that gave AAA ratings to subprime mortgage bonds that didn't just decline in value but became completely worthless. MCO is currently giving AAA ratings to U.S. treasuries, which NIA believes will soon become completely worthless.

 

The U.S. has absolutely no way of paying back its national debt without creating massive inflation. MCO should be rating U.S. treasuries as junk, but by rating them AAA it is a sure sign that there will be no need for ratings agencies like MCO in the future.

 

If you have no options experience, we strongly urge you to stay away from options trading because it could be very dangerous. Neither NIA nor its co-founders are investment advisors. Never take anything we say to be investment advice.

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