Greek Bank Stocks Are Going Buck Wild

Basically, either Greece will implode and leave the Euro and its banks will be insolvent, or it won’t, and the economy will return to being vaguely functional after more bailouts.

The range of outcomes are binary and widely dispersed.

Hence, Greek bank stocks trade like options.

And so just a little bit of good news (like the fact that maybe perhaps there will be a coalition government, even though that’s unlikely) is sending the bank stocks wild.

See today:

image

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

greece moneygame-us