IYF short (or Dec 15 puts) - channel based trading

iShares U.S. Financial ETF (AMEX:IYF)

Updated

AMEX:IYF iShares U.S. Financial ETF

Chart Patterns Beyond Technical Analysis

Looks like the big run in IYF is taking a breather to me. I am moving to Dec for all option trades now, so this one has a bit more room to work.

Trade active:

I must be crazy for shorting the banks in this regulatory environment. Stop reached and I'm looking to unwind the position where ever possible.

Trade closed: stop reached

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