Postcards: A Free Trade

Occidental is the play...

Market Update: Banking stocks are breaking out, and it’s a very good time to think about buying into names like JPMorgan (JPM). Post-tax season… and post-earnings, there is some stability in the banking system that wasn’t expected. Selling credit spreads in the sector is the cleaner way to go. Another insider trade might come in the next 24 hours after we take action on Occidental (OXY). There will be a lot of chop over the next month, so you have to sell credit spreads on stocks you’d want to own for the long term.