The Easiest Way in My Mind to Fade This Rally Is to Short the Banks The SPX is up almost 18% in a straight line since making new intra-day 52 week lows 20 days ago……Enough …
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Quick Update on BAC and MS, covering one of the puts that I am short in both structures. Leaving a 1×1 Put Spread on at this point. MS covered one of the 2 Jan 5 …
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MS has clearly been the punching bag of choice for U.S. bank/brokerage stocks as a sort of proxy for the troubled weaker capitalized banks in Europe. Frankly, while i have been short banks and the XLF through …
Continue readingI want to do a little trade management on a couple of the trades I put on Friday morning. I expressed my near-term bullish views in common stock because it just seemed the easiest way …
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Friday was just one of those days in the markets where there was a little something for everyone……..the anticipation leading up to the Fed Chairman’s speech in Jackson Hole was one of those events that …
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A little bit ago on “Quick Hits” i stated that I was reducing some short term bearish positions and adding some short term bullish positions…..I just reduced my JPM Sept 34/30 Put Spread at .76. 2 TRADES: …
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