i have only outlaid 15 cents, 1.5% of the value of the stock here. above $10 i have all the upside potential in this stock. and below $9 that's where i wanted to get in anyways, so i'm happy to own the stock at that level. all the volatility between 9 and 10, you can forget about that because all you're outlaying 15 cents. earnings coming up in mid-april so you get a chance to play into that. that's why i went out all the way to may to have a chance to play on that earnings front. >> would bank of america be the stock that you put this sort of trade on? >> yeah, i think it is. here is one of the things about this, it looks like it's very tight but notice, of course, that it's still 7% -- actually a little bit more down to that lower strike. it seems like they're only $1 apart. in percentage terms that's a notable discount. instead of buying a stock, it gives you an opportunity to trade around what happens in the market. if the market does rally, you'll probably have an opportunity to potentially sell an upside call, buy that downside put back and be

so i read an article, i don't remember the exact source, it outlaid a plan to allow homeowners who have been on time with their mortgage payments to refinance at the current lower rates. sort of as a way to protect them from their housing prices dropping. so i was wondering whether you heard of plans like that and what sort of involvement the fed would have or whether that would fall to the consumer protection agency? >> there are some programs like that one in particular is calle. that's run by the regulator the fhfa. and on this program, if you are underwater in your mortgage, in other words, if you owe more on your mortgage than your house is worth, you still may be able under this program if your mortgage is heldfy fannie or freddie you may be able to refinance at a lower interest rate which will reduce your payments. that program is underway anding. it doesn't necessarily work if your mortgage is being held by a bank because they're not part of this program, they may choose you might be out of luck if your mortgage is not held by fannie and ramsike that. the fed is not involved in

head coach mark jackson described his team as, quote, thoroughly outlaid in the second halves of gamese warriors took it to the district tonight, and we'll see if they canal v salvage the las game. jeff curry played 3 1/2 minutes and scored five points in the first half. and the warriors on fire from behind the ark. four different guys, watch this, combined four eight for ten from beyond the arc. up 13 at the break. and at the end of the third quarter, it's steph curry. 12 points off the bench for curry. warriors win, 120-100. more basketball, just to show off, many fans believe media members have no athletic abilities. our nba insider, matt steinmetz, nails the behind-the-back trick three-point bomb. hey, he's no one-trick pony. those who can't, teach, those who can, write about baseball. in other nba-related news, the mother of nba star lebron james accepted a plea deal, dropping a battery charge against her for reportedly slapping a hotel valet in miami beach. gloria james will donate $1,000 to a haitian earthquake relief fund and complete 20 hours of community service. lebron james