So you missed out on the Katrina opportunities. Here is a chance to get a piece of the disaster pie!
Magic Investments recommends selling short on the pure plays, AIG, ALL and other property carriers. Check their Southern Exposure, more is better, and use leverage when you can.
Unfortunately, Andrew eliminated many of the pure insurance companies and they are now wrapped into financial services giants like C and BAC. In-the-money short term puts present, in my opinion, the best play on the big banks. They're up today and you've got 2 hours. Tic-toc!
For those of you with big balls, lotsa dough and are attuned to the Dark Side of the Force, naked short calls are a great opportunity. If the balls aren't that big, buy calls for a loss limit!
Ain't capitalism great!
Fuck-off NASD and SEC! My Series 7 expired so I can say anything I want!
