2%

To the extent that I am hedged, I always have a short book, says the Chairwoman. But I covered my short position in the XLF [XLF] on Wednesday. If you’re short the XLF what are you waiting for but something like this. It feels awful to take off protection when the market is like this, but that’s how I trade.

Typically that would be seen as a bullish sign; that investors were laying down bets on a recovery in the sector hit hardest by the year-old credit crisis. Yet some option experts cautioned against taking that activity at face value because a hefty portion of that volume came from traders selling near-term call positions, a trade that may well be a bet on more trouble ahead for banks, brokers and insurance companies.

waiting for bounce

Sizzling Stocks to Buy Right Now: RealMoney.com contributor Dan Fitzpatrick gives his top stock picks and sectors.


Click here to watch the video.

I am able to play the financials without all the risk of owning a single bank stock

Tremendous Value right now.

The traders discussed ways to play the news that Merrill Lynch (MER) plans to sell a large amount of its asset-backed securites and issue new stock to raise $8.5 billion. I’d buy puts on the Financial Select Sector SPDR (XLF) or I’d get long the ProShares UltraShort Financials ProShs (SKF) said Pete Najarian.

According to the charts "the Financial Select Sector SPDR (XLF) has moved above a former support level," which suggest to Stockton thre should be further upside.

According to the charts "the Financial Select Sector SPDR (XLF) has moved above a former support level," which suggest to Stockton thre should be further upside.

Because short financials has just worked for me since i satarted trading.

financials will continue with writedowns

way to confusing to predict or understand

dont care for financials