Friday, August 29, 2008

XLF - Big Time Call Buying

i get very worried whenever i see a very lobsided affair...and it's becos, the pigs always get slaughtered. better to err on the side of caution...

XLF.... beautiful rally for the last 3 days

a peek at the Put/Call Ratio of this ETF....my, my, my it is 0.218; ie. for every Put on XLF, there are 5 Calls on it. Very aggressive option buying happening here, anticipating the financials to rally going forward.

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