Select Sector SPDR-Financial (XLF) 11-14-07 Trade

The financials have been getting dumped on. So with Wednesdays pop in most of the financial stocks I bought some puts on the XLF etf. The XLF follows the financial stocks. I bought some March 08 33 puts. So far so good...the XLF has been down the last two days.

11-20 : I sold my PUTS this morning. The financials have been getting annihilated, this trade has been steadily going in my favor. So you ask ...why did you sell then? This is why...when something looks so good, and seems that the ride will never end. That's when you sell. Because it will turn on you, and when it does it will turn FAST. Always sell into strength! Do I think it will go down more(remember this is a PUT trade, I want the XLF go down)....yes, some.....but.....PIGS GET SLAUGHTERED!

This trade made a 61% gain.