9.7 million loanowners carry out-of-the-money options gambling on bubble reflation

Negative equity is making ordinary homeowners into speculators in the options market, each betting on the continued reflation of the old housing bubble.

An option contract provides the contract holder the option to force the contract writer to either buy or sell a particular asset at a given… – 9.7 million loanowners carry out-of-the-money options gambling on bubble reflation


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