Once the finance bill to help housing & foreclosing real estate industry passes in next few days thru the political pathway, it will be interesting to see the financial stocks move. For Thursday, there can be several strategies to consider for FNM, FRE, SLM, BAC, C, & of course XLF. Along with simply buying the stock, one can investigate buying Calls as well as Bull Put Spreads.
Note - SLM had earnings report on Wednesday, so it will be interesting to see how it moves on Thursday morning. A sell-off reaction, such as the one for FNM & FRE that occurred last week on their bad news is welcome so as to load it up.
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