ajc

Options Trader: Friday Outlook

I think Phil's posturing is pretty accurate only I would like to see a high volume flush out in the vast majority of financials because I don't own them currently but have dodged in and out a couple of times thinking the turnaround was afoot. If the flush out doesn't happen Phil is in position, and if it does happen, he has prepared to take advantage. That is simply smart money management and he knows his risk tolerance. Both are real necessities in this market.