This a screen shot of JP Morgan; the holiday run for the stock has been good. Financials have been suffering of late. However, the automakers have taken most of the pressure/focus off with a 2nd helping of a bailout from the government to Citigroup, 3rds anyone.

I believe JPM is one; if not the most strongest of the financials. Citigroup = C is a poster child for the financials. There is no one too big to fail.

December is a time for selling to write-off the years losses and for the Big Guys to do distributions and make everything look nice. We will see in the next couple of trading weeks.

30.00 JPMLF.X Calls Dec 3.64 C 2,819 V 23,925 OI
32.50 JPMLZ.X Calls Dec 2.04 C 1,695 V 15,902 OI

27.50 JPMXT.X Puts 1.39 C 1,079 V 18,529 OI
30.00 JPMXF.X Puts 2.00 C 2,668 V 61,647 OI