It’s make-or-break time for the big banks this week as JPMorgan, Citigroup and Wells Fargo gear up for earnings Friday morning.
Financials were staging a comeback Thursday morning, with the XLF ETF rallying more than 1 percent. Despite the surge, the group is still the worst-performing sector in the past month. However, “Options Action” trader Mike Khouw says a recent spike in options activity for the group could suggest the tides are about to change.
“The XLF saw above-average activity this week,” Khouw said Wednesday on CNBC’s Fast Money. “[Thursday]....More>>>