Author sees COF call options as attractive because the stock should rebound when a proposed 10% credit-card interest cap is withdrawn.
COF — LONG The author argues COF is held back by the proposed 10% credit-card interest cap. He expects the stock to recover strongly when that cap proposal is abandoned.
COF calls are a good move. I reckon this will recover strongly when 🥭 backs down on his 10% cc interest cap statement.