Another quick heads up: There's been a series of seven figure(sell side) prints in the XLF (financial spyders) that has coincided with a quick drop in the BKX. I've heard low level chatter of some high profile subpoenas but (obviously) I can't confirm that.
In the interest of full disclosure, I own some puts in select big cap banks and brokers (I have for a while) but wanted to make sure you saw the flow. The banks are that important.
I'm gonna be jamming to ready myself for tonight's earnings so while I'll try to get further postage done, please bear with me. Thanks!
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at firstname.lastname@example.org.
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