Vdsat Charts

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Prophet Financial Systems, Inc.

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By: Stubborn Bear

Jun 16 2008

10:37 am

Tags: XLF

Category: Trade Log

1 Comment »

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Tag cloud: INDU IWM IYR IYT NVDA QQQQ SPX TNX UPS USD VIPSX XLF

I do not feel comfortable shorting XLF over $23.40 or so I dumped my XLF July 26 and 27 puts that I rolled not too long ago for a slim profit. I got a fat move down already so there’s no reason to complain. It may be a bad move, but no one ever went broke by taking profits, and I have to reduce my short exposure this week because this week is options expiration week and stupid things happen. I wouldn’t be surprised to see XLF go to $25 by the end of the week, but I wouldn’t take that bet by going long. I’m already short enough via IWM and QQQQ puts.

Tags: XLF