That may be possible in to a 3:30 ramp if one comes, I'd be looking for a longer term Put, probably May monthly and slightly in the money, but I'd really like upside momentum before considering it. I feel pretty good that if not today specifically, XLF is in a head fake zone. Our BIDU short that did so well was in a head fake zone for several weeks, but kept confirming it was a head fake with negative divergences.
In other words, Financials finally look bad enough that I'd even consider an options trade.
Is interest rates about to start going up?
-
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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