.buying swing +BYOUO at .21 BAC 15 Sept PUTS . As U can see

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MMASSASSIN
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.buying swing +BYOUO at .21 BAC 15 Sept PUTS . As U can see

Post by MMASSASSIN »

.buying swing +BYOUO at .21 BAC 15 Sept PUTS . As U can see I am very quickly moving into a very strongly bearish stance on financials with 2 separate options plays on BAC, this one higher risk than the 16 strikes, and a bearish stance in C . I believe that we are setting here up for a VERY DRAMATIC pul back in financials multiday . These are very extended stocks and retracement would only be healthy of these levels , and not to mention the market itself is here getting aswell closer to multiday negatives. Now the larger question is weather or not shorts will take a stance after being burnt by the highest number of consecutive gaining days since November. With that said the risk enlyes in fear of shorting and puts buying.