And the banking stocks in general - Citigroup. It broke a high made in early 2004 on pretty significant volume. Perhaps test a high?
Are you mental? You went from asking a public message board for advice on buying a stock to going all in with 1500 calls?
I wasn't asking for advice. I would never take advice from a internet msg board... are you kidding me? I was simply trying to engage in some discussions with other traders.... I had already planned my trade days in advance of posting anything anywhere...
The brokers have been getting crushed the last week or so while the banks have been going straight up. Maybe the steepening of the yield curve is seen as a plus for banks and lenders and a negative for brokers and the market. So the cash is being reallocated accordingly. The way the banks have been going up, I wouldn't close a long position in them or get short right now.
well.... sold 560 of it at 1.1 the other day...sold the rest today at 1.7 avg. thanks for your thoughts.