.adding swing +FAYGF OVERSIZED at .40 FAZ 6 strike July CALL
Posted: Tue Jun 23, 2009 11:41 am
.adding swing +FAYGF OVERSIZED at .40 FAZ 6 strike July CALLS. adding to the bearish stance on financials brining up my stake in these calls to a 2X oversized money allocation. I believe there is a strong chance that the markets pull back stronger in the PM and watching RIMM and PALMs bounces for puts entries. I consider market and individual stock bounces as shorting or puts buying opportunities.