Fnm April 60 Puts

M

MondoTrader

I haven't done much options activity so far this year, but I think I found a good speculation. Anybody else looking at this ?

I put in a low ball GTC buy order for some at the current bid price .25
 
As for why I picked FNM I just think its a pretty good short candidate. I like to short bounces that happen after high volume drops. Fundamentally, there is some question about their credit rating being reduced.
 
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