.buying swing +CUP at .24-.25 and +CUW at .04-.05 OVERSIZED
Posted: Fri Aug 28, 2009 11:50 am
.buying swing +CUP at .24-.25 and +CUW at .04-.05 OVERSIZED both C 5 and 4 Sept puts. With these puts adds I am dramatically increasing my bearish stance on financials the lower risk 5 puts by the time this email goes out is already up to .28 but I consider this very early in the game. I continue to believe that financials are highly extended and that a sharp fall for them would only be healthy and with it a healthy market wide retrasement to last multiday at the very least , multiweek to bring about larger stability.