Vermont Trader

Options Trader: Tuesday Outlook

Phil - here is you quote from 8-21

"Freddie Mac (FRE) is under similar attack and we added into yesterday’s losses (also detailed in last night’s post) and came up with a couple of offsetting spreads that profit from a further decline. I still think the whole thing is nonsense and there is no way Freddie and Fannie (FNM) are failing"

Sometimes its best to admit you were very very wrong and move along.