Alert: LEH

I think all this pomp and circumstance is BS. This is not a technical trade. The plungers meet yesterday, the pop at the open is part of a short squeeze. If LEH dives into single digits the specialist and the options exchange is going to get hit again. The Street elite don't like that sort of stuff so the deep out of the money options traders may be disappointed, but the naked short sellers might make something for themselves.

Short 1/4 position LEH @ 45.00 stop @ 46.5