5.07.2009

Cheap insurance...FAZ

I have a hunch the financials are going to pullback before options expire next friday.. So, I am getting some FAZ $7.5 calls for May... they are only .20..

tb

PS- short term traders in ENER have to love the action this morning.. someone asked me when they should buy back in.. I mentioned there were 2 gaps, one at 17 and one at 16.. Well, ENER, on no news this morning, has filled the gap at $16, and is now trading around $16.90 and looking for more..

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