Forum Post: am buying bank stocks with both fists
Posted 12 years ago on April 4, 2012, 9:46 a.m. EST by onepercentguy
(294)
This content is user submitted and not an official statement
srsly. they've been leading the market higher since the latest round of Fed stress tests. falling over each other to give dividends back to shareholders.
earnings growth will be huge as the spread between short term and long term maturities grows. so awesome.
I've got two contracts of FAS I'm pretty happy with. I had a great deal working last year selling options on FAS and FAZ, yes both. Didn't really matter as long as the market was jumpy, I was making great cash!
I still have a July option open on one of the FAS contracts and it'll cost me a young fortune to clear it but still very profitable, my basis is 54 bucks. :)
ballin. congrats.