Instrument:
Notes: Financial shares have rallied hard over the last few weeks, but are showing signs of a temporary top.  For this trade, I'm looking to buy shares of FAZ, a financial 3X Bear ETF, and sell Apr 20 calls against the position.  FAZ closed Friday ... Read more

Instrument:
Notes: Had good luck with a straddle last time we were at 800.  This level has been acting as a pivot point in recent months.  Bear market rallies can be fierce and this one is no exception.  While I'm biased to the downside, I still have to ... Read more

Instrument:
Notes: I'm thinking some of these better bank names are due for a bounce.  BB&T is solid conservative bank that to my knowledge has little exposure to the residential mortgage market.   Stock price was at 45 last Sept.  Rather than b ... Read more

Instrument:
Notes: Nothing goes straight up or straight down.  I'm betting on a bear market rally here at some point. Accumulating Jun 2009 SPY 900 calls cheaply here.  Will add to my position once the S&P begins to rally.