Looking at XLF and FAZ (3x short Financials ETF), I'd have no problem opening an XLF put here or a FAZ long, I have a FAZ long in place at a slight profit, I don't think I can personally add to the position as it's already at position trading size, but if XLF were to make a move above a small Tweezer top at $29.90 and had some momentum, I'd give very serious consideration to a Dec. $21 Put.
I'll likely put charts up of XLF after the close, it looks great.
5 years ago
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