The Banks Are Gonna Get Cooked
The Bank ETF, XLF, is way too overpriced.
Puts on.
Puts on.
Note
Luckily dumped some XLF puts on the opening today, and didn't re-enter into anything but WFC puts near the end of day.Looks like Robinhood-ers are buying bank stocks like they're going out of style.
I wonder if they think they know better than Warren Buffey. Old man dumped ~90% of his bank stocks from what I've read. Don't think he's all that myself, but when a whale dumps, they're dumping it on retail.
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