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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: cubsfan who wrote (5158)3/24/2009 1:39:44 PM
From: RockyBalboa  Respond to of 6370
 
It is tough to create a bear case for financials right now; yet there is lots of dreck under the surface. JPM, for example is relatively weak today, still red. Using the volatility to create SKF spreads to October consisting of at the money and out of the money options which implied volatilities are absurd.



To: cubsfan who wrote (5158)3/24/2009 4:45:00 PM
From: RockyBalboa  Read Replies (1) | Respond to of 6370
 
Whoa... ended 21 and counting, afterhours. Major turn to the down side is possible...

I constructed SKF call combo and screwed up, by closing early ... oh man. At least I simply kept the FAZ shares....

JPM was a surprise... imagine I sold some JPM stock at a price of "29.26" at 14:10 today.. but it struggled the whole day.

EUR down, yen rose in the session, fear level is clearly rising.