With Yellen’s announcement that the Fed would be reducing its scheduled hikes from 4 increases to just 2, financial names immediately sold off earlier in the week. But these beaten down stocks could only drop so much more, and bullish flow is starting to tag them all over again on this bounce.
Continuous steam is the first step to see whether or not these names can truly keep moving, so the tape in the banks must be watched going forward. If you want instant alerts to all of the actionable options activity that hits the tape, check out our Private Chat and Twitter Feed. You’ll always be in the know.
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