I don't really like putting the trade on this late, but I think I'm going to go ahead and use puts again with BAC. BAC and the IWM really aren't responding, financials in general aren't responding, it's not a good sign with the S&P moving.
I'll send out some charts in a minute, but I think BAC Jan $6 Puts will be the trade again, of course I'm keeping these at a semi speculative level and investing about 10% (before margin) in the trade.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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