The banks will be a low volatility trade.
JPM,C,WFC & BAC are set up for more gains.
The risk in the IAT “Regional Bank” trade appears to be limited to about 2%.
FEYE…the technical formation is good. By holding above 35.70 we’re looking for a retest of 42 and then 47.
Options traders, looking for leverage should look @ the Oct 3 40 calls that are trading around 80 cents.
We’ll be looking to put this name into our portfolio later today or early tomorrow