National Bank of Greece (NBG) – Why I Went Long Recently

When all appeared lost and everyone thought a Greece exit from the euro-zone was imminent, I went long the National Bank of Greece (NYSE: NBG) when the stock was trading at around a dollar; I took my long position via long-term call options. It was a classic buy into fear moment and the blood was in the streets, but I still see opportunity for further upside in NBG and am still long today despite a better than 100% gain in my calls so far. I believe long-term investors are wise to look at NBG shares even now while they trade at approximately $1.50, along with all Greek equities. Investors can also use the Global X FTSE Greece (NYSE: GREK) to spread risk better, as it has a ways plenty of room to grow as well. See the report on NBG here.

DISCLOSURE: Kaminis is long NBG. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.