Shorting XLF via buying puts $0.62 with a $38 strike expiring on 2/11
20% position, if exercised - 0.31% position @ purchase price
There isn't a perfect short out there - I should have stayed short TSLA - but this one will have to do. Financials get hurt if/as interest rates decline.
Not sure how long I'll hold these puts - this is another of those "dirty day trade" ideas. Sorry, but I can't resist.
If you're not a frequent trader, stick with the long-term ideas I have like T, NWE, NNN, CAG, etc.
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