Monday, July 20, 2009
Time To Go All In Short?
I'm strongly considering buying some more FAZ tomorrow.
But on second thought, perhaps I should just buy January puts on WFC, BAC, JPM, and GS????
The January 20 puts on Wells Fargo look ridiculously cheap to me at 1.65.
Remember that stock traded down to 7.80 merely four months ago. What exactly has changed since then?
One probably has a better chance of *making 5 times their money* on those puts than with FAZ....
Bank of America's January 10 puts also look enticing at 1.05.