I used this afternoon’s selling pressure to pick up some XLF calls. These are the same calls I bought last week. 20 of the Dec 15 for .74. XLF is sitting on the lower bollinger band on the hourly chart while resting on the 7 day moving average. I am expecting XLF to move over the 16 level later this week.
Holding onto FCX as well. Stock down slightly but still trading above the 7 day moving average.