perhaps more delicious than a cat's pastrami sandwich., bank of america. >> can you buy the september 16 call and those cost only 15 cents. >> so mike bought the september b of a call for 15 cents. now at cat's deli, a pastrami at rye goes for over $18. but in options, each controlled 1 hundred hn shares of stocks meaning mike's bank of america call for 16 cents actually costs $15. making it cheaper than the famous sandwich. >> i'll have what she's having. >> before you do, keep in mind that in order for mike to make money, he needs bank of america shares to rise above $16 by more than the cost of the trade or above $16.15 by september expiration. but it gets even better. that's because if b of a shares rise, that call will gain value faster than the shares will, meaning more money in mike's stomach. >> yeah! >> since the time of the trade, shar shares have risen 7% making this a quick double. and now option fans have one question. >> what are you saying? >> get your head out of the gutter, billy. all they really want to know is it how mi

at katz deli pastrami and rye goes for 18 bucks.s bank of park call for 15 cents actually costs $15, making it cheaper than the favorite sandwich. >> i'm have what she's having. >> before you do, in order for mike to make money, he needs banc of america shares to rise or above $16.15 by september expiration. but it gets even better. that's because if b of a shares rise that, call will gain true faster than the shares will, meaning more money if mike's soming a, i mean, pofkt. since the shares have risen 7 cents that, makes this a quick double. now "options action" fans have one question. >> what are you saying? >> get your head out of the gutter, billy. all they reallyp to know is how mike can make more cash. before we answer that, we've got a little surprise for mike. now, today is mike's birth di, so we got him his pastrami sandwich. mike, you don't look a day over 80. >> i don't feel a day over 90. >> now what do you do with this trade? >> this is a little atypical. we are right here. you know, my inclination is we stick with it.

>> i'll do that. >> jimmy: a little pastrami in there. >> don't talk to him.his is the me and you show. >> jimmy: sorry, tavis. >> no. cheese. >> jimmy: cheese. okay. pastrami and cheese. okay. all right. and just wrap that up? >> see how you doing? wrap it up. talk to travis. he's not supposed to be here. >> jimmy: you're not supposed to be here? i think tavis is supposed to be here. >> jimmy. >> i'm always here. [ laughter ] >> jimmy: is travis in trouble? >> just saying. this is me and you. this is me and him. okay? >> jimmy: come on, travis. just the two of us. i don't know why you interrupted. [ laughter ] >> don't -- they don't want you here. they don't want you to get grease on the counter. >> i got it. jimmy, what you doing? >> jimmy: what? >> oh, my god. just drop it. just drop it. >> jimmy: there we go. >> you licked it? >> jimmy: a little bit. yeah. >> that's so hot. oh. ooh, ooh. >> jimmy: one more? >> let's try one more. >> jimmy: are these gluten-free? >> i don't know what -- does that have glue in it? [ laughter ] >> jimmy: nobody really knows.

so we got him his pastrami sandwich. and mike you don't look a day over 80.y. >> i don't feel a day over 90. >> now what? >> we're about at the money. this is atypical because normally we would have probably gone for a longer dated option, given this more time to play out. but we're right here. my inclination is we stick with it. we didn't do this just for a sandwich. and now i've got my sandwich. so i'm pretty content. >> how excited are you about this? >> for the pastrami i'm very excited. the stock can't really get out of its own way. had that move after the last settlement, but it's settled back in here. i'm not a huge fan. >> i don't know. i mean, it's come to life. some of the big banks, it's regional banks that have been struggling. you've got a good trade here. >> are you going to eat that? blow the candle out. happy birthday to mike khouw. coming up next, the final call from the options pits. [bell rings] ♪ time and sal split-second stats. ♪ its so close to the options floor, you'll bust your brain-box. all on thinkorswim, from td ameritrade. [ bell

if you don't like some aiken 5 to the shop down the road and get a court before pastrami sandwich. i think i am going to marry this girl. in my dream she would come to me, gently put aside her porsche and look at me so closely, i could smell the baby powder on her cheeks. if you love hurts that is the important thing. she has all little hot spot and cooks you good food, that is something. is she blonde? no. her hair is black. she is chinese. doesn't matter. grandma would give a long sigh. all the world is going to be brown one day. just love her and all will be well. have some roles. i forgot, you don't like them either. and her kind and with the strength, strands of hair would fade back into the night at one with my dreams and the self china sea. [applause] >> booktv is on twitter and facebook and we want to hear from you. tweet us, twitter.com/booktv or post a comment on our face book page, facebook.com/booktv. >> my book is an intimate on the ground portrait of israeli society in israel/, and this single state under one discriminatory regime. at the culmination of a transitional

the other day, and he don't like that you can take it to the shop down the road and acorn before pastramisandwich. grandma, i think a line to bury his career of the in madrid she would come up to make or gently put aside and look at me so closely and smell the baby powder on her cheeks. well, if you love her and if that is the important thing. she could should good food. the issue blonde? no. her hair is black. she is chinese. it does not matter. all the world is, to the brown one day. does love her baldy well. here. oh, i forgot, you don't like them either. and your kind and was peak face would fade back into the night in one of. [applause] >> every weekend and book tv brings you 48 hours a nonfiction authors and books on c-span2. keep watching for more television for serious readers. book tv covers hundreds of of the program throughout the country all year long. here's a look at some events this week. look for these programs to air in the near future on book tv on c-span2. come on day at the carter center in atlanta for lawrence rights recount of the 1978 camp david accord. that same ev