Recommendations

By Marc Nemenoff
18 November 2009 @ 09:53 am EDT

Financials: Dec. Bonds are currently 4 higher at 121'06. Yesterday we were able to cover our short Jan. Bond 115'00 put at 18 points. This morning I recommend selling the Mar. Bond 115'00 put at 1'03 or better leaving us with the combination of short Dec. Bonds and short the Mar. Bond 115'00 put. At the end of the month Mar. Bonds will become the volume leader and I recommend rolling your Dec. position into Mar. sometime in the next 10 days. Technically the Bonds are currently in resistance.

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