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Non-Tech : Shorting the Big Banks (e.g. JPM, BT, CMB, CCI)
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To: BDR who wrote (206)12/13/1998 8:02:00 AM
From: sandbag  Read Replies (1) of 268
 
"My JPM Dec 100 Puts may actually break even or be in the black soon."

At 100 1/2, it would be a real shame if you only got this close.

It looks like there is plenty of down side available on it.
If the momentum from the sector on Friday carries over next week, it looks like you shouldn't have any problem getting ITM.
Your right about the CMB's though. 45 in a week is a lot to ask.

Best of luck
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