Merrill Buyout—Market Turmoil

09/15/2008 12:00 am EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

Weekend financial news has the world markets spinning lower with Bank of America's offer for MER at $29. MER gapped below support last Thursday which was bearish. Pre-market action shows MER around $24 with BAC at $29. Key support for BAC at $27. AIG looks very weak, may open down 50%.

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