Discussion in 'Trading' started by S2007S, Mar 17, 2008.
dropping hard again, back at 27....
new lows on LEH, this is getting out of control, imagine if LEH drops into the single digits like BSC......
diving towards $23
Short the LEH April 20 straddle at 17.30; short spot/short 2*puts. 300+ vol-line.
Missed opportunity due to weak knees
got long 3500 leh @ 23.60 then it dropped to 20 so I got out at 24.60, now it's over 32.
if LEH drops hard, buying opportunity, look to get back in under $25.00.
you guys have balls of steel if your stepping to the plate and buying LEH....200M volume - thats some major liquidation pressure
anyone been watching the options on all these banks - imp. vol and spreads are through the roof.
When I trade financials the most they make up in my portfolio is 5%, no more... ETFs like UYG/XLF 5-10%.
LEH EARNINGS TOMORROW MORNING..
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