Any optionable bank indices that you know of??

Number of posts : 169 Registration date : 2007-05-24

I cant believe the big rally with Citigroup after it announced a $5.1 billion loss in its recent quarter.

Does anyone know any U.S banking indices? Once the rally is over for the financial sector, it would be time to buy Puts again.

I was watching TIP (a bond fund ETF) the past few days. The trading volume for the options are very thin. Otherwise, I would have bought the put options.

Subject: TRY Those ETFs Sun Apr 20, 2008 10:35 am

You can short them if you wish....

RKH regioanl banks
XLF
IYG

Or try buying this one...

UltraShort Financials ProShares (SKF)

This one has some trading volume in its options.

Number of posts : 169 Registration date : 2007-05-24

Thanks. I will take a look at the stocks you mentioned.

BTW, it is not the best time to short financial stocks as the rally may continue.

I may but PUTs on JPM once this stock looks vulerable. It is still rediculously expensive compare to MER, C, and BAC.

http://finance.yahoo.com/echarts?s=jpm#chart2:symbol=jpm;range=2y;compare=bac+c+mer;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined