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Date: 02/21/2013 13:01

Forum: Wall Street Pit - Msg #2352518

Thread #673498629 (Rec: 0)

Still time to buy puts before the Tank in Financials... Here are the ones I'm trading...
BIG trend line break today...
WFC
March 34 Puts @ .47 *****
BAC
March 11 puts @ .25
GS
March 135 puts at 3.50
JPM
March 47 Puts @ .93
C
Gamble with Feb 42 puts
March 42 puts @ 1.29

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I was "whtdafrick"
I am hugh {#party0007.gif}

Reply to hugh - Msg #2352337 - 02/20/2013 19:21

Re: Buy PUTS in FINANCIALS!!! I expect a sharp pullback.. BAC, WFC, GS, C, JPM
What a gift they gave put buyers today. Tomorrow is the day that trend lines BREAK...
Weaker currencies... Too much money printed.... banks tank.. would not be shocked to see a 200-300 point drop here in the Dow and sub 1500 SP 500.
WFC
Feb 34 Puts @ .14
March 34 Puts @ .47 *****
BAC
March 11 puts @ .25
GS
March 135 puts at 3.50
JPM
Gamble with Feb 48 puts
March 47 Puts @ .93
C
Gamble with Feb 42 puts
March 42 puts @ 1.29
Puts are cheaper now but these still should be money makers.
I know bear market pullbacks are not "Fun"
Actually they can be quite disturbing when all the crap that is going on in this messed up world suddenly seems to matter.
I suggest buying these puts and not participating in the fear mongering. Just buy some of these Feb or March puts and go to the beach while everyone else panics.

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