From Distressed Volatility:
Do you own financial stocks or are you thinking about buying financial stocks because they have been hit so hard this year?
Here are two ways to gain some exposure to financials with less risk than just buying your favorite bank's stock outright.
The first is a dispersion trade of sorts where you would sell the XLF, which is the S&P Financial Sector ETF, and buy a basket of 5-10 financial stocks that you think are healthy companies. The idea being that...
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More on financials:
Why the big banks are plummeting again
Hedge fund guru Biggs: This sector is "incredibly cheap"
A trader's look at where the market could be headed next