Countrywide option trade

I want a little more leverage in case we get a CFC disaster. I did an option spread this morning, short the July 35 puts and long the August 35 puts for a net cost of 0.80. Both an earnings announcement and a dividend hit between the dates.

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CalPERS Fail

Despite the awesome bull market this year, CalPERS again missed its return target, earning only 5.8% vs. its required 6.8%. CalPERS has mi...