Greek ETF Play

In looking at the Greece situation and the likelihood of something being reached, I have decided that it is a good time to get in on a Greek ETF:

That is my in. I stretched things a bit to August to give myself a bit more time so erosion doesnt happen to my call before something goes down. I also went a bit outside the money in order to provide more value in the case that some deal is reached. It could be that I make 100% on this one.

As an aside, this is a perfect example of a contrarian play. (to tell you the truth, I should have done this yesterday) Most people would look at Greece right now and say, "What, are you crazy? Have you been watching the news on Greece?" Well, yes, I have. And I know that they are about to reach some kind of compromise that the market is going to like, thus the august calls.

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