Shares of regional bank SunTrust (STI) have recently broken out to new highs and looks to have some room to run further. I'm jumping in via October 19 $77.5 calls (the $75's would be fine, too... a $75/$80 spread could help lower cost), as it takes me thru the next earnings report on Oct. 18. That said, I'll likely exit prior to the report to capture the increase...
Every time I turn on CNBC, FBN, or the like, I hear a pundit or analyst pounding the table to "buy the banks." The go on to ramble a spiel about low valuation rations (P/B, P/E, P/FCF, etc), rising rate environments, yield curve inversions, and other reasons that they should outperform the markets going forward. But who's biting? A quick glance at the SPDR...
The Financial Sector The following ETFs are related to the Financial Sector. The ETFs track different sections of the financial sector as noted. There are many more ETFs in financial subsections for the USA and international equities. Included for each ETF are the symbol, the total Assets Under Management (AUM), the Number of Shares in circulation (Shares),...