Bank Stocks Rock

09/19/2008 12:00 am EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

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The markets are clearly reacting very positively to the new rescue plan and the spotlight is on the banks. The KBW Banking Index (KBE) dropped into previously identified support at $29-$30 Thursday before closing at $35.83. In pre-opening action, KBE is trading near $44 and right back to the May highs.

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