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Bank Shorts

Posted on Monday, July 21, 2008 at 06:46AM by Registered CommenterOption Addict | Comments Loading...

This recent rally in financials creates a few great shorting opportunities. However, I think that the group will start to diverge internally. What I mean by that is that I think the survivors will start to seperate themselves from the overall trend, and the weaker players will  continue to struggle. As I have sorted through the group and looked at several charts, I have decided on a few set-ups that I like, and I have also decided to stay away from the "major players" with the exception of Lehman; which I still believe will be the next Bear Sterns. Here are a few charts that illustrate a few easy to manage put plays.










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