|Day Low/High||7.21 / 7.28|
|52 Wk Low/High||6.33 / 8.86|
An EWJ bearishly biased, out-of-the-money vertical put spread.
The sale of Toshiba's chip unit is a test case for Japanese corporate reform. The electronics maker faces pressure from its banks, investors and bidders, the Japanese government looking on.
It made up its profits for years and now faces billions in dollars of losses even as shareholders want to sue it for millions. That's just for starters.
Shareholders have long been an afterthought in corporate Japan, but a push for change could finally reduce the system of cross-holdings that dominate.
In the latest scandal to hit Big Business in Japan, Toshiba faces an accounting scandal and billion-dollar U.S. writedown that have tanked its stock and may cause its chairman resign.
Lots of energy names facing the potential for lower prices.
These overseas large-cap banks, and their sound profits, have caught my eye.