Financials are acting pretty resilient compared to the rest of the market here. I think there's a good opportunity to play this either with:

i) calls in selected financials e.g. LEH, WM, or just the sector ETF (XLF)
ii) a spread, short S&P long financials
iii) more aggressively - short commodity stocks/ETFs, long financials.

This gives upside without too much outright market risk.

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