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Transcripts For CNBC Options Action 20160212

the action begins right now. let s get right to it because the financials just posted their best day since november 30th, 2011 so as the rally in the banks signaling an all clear for the markets? let s get into the money and find out. dan, what do you say? i don t think so. it s obviously a very healthy rally. saw it in the european banks and in the u.s. banks and two pieces of news cause it and we started out morning with deutsche bank saying that they are going to buy back some bonds that have been, you know, something that people have been a bit worried about about their capital position and ability to pay interest on the bonds and the last 24 hours had jamie dimon buying 500,000 shares of jpmorgan stock so we ve had a massive rally over very oversold conditions with horrible sentiment and to me it sets up for a good fade because if you look at the two pieces of news, they remind me of the sort of news we used to get back in 2008 from financial institutions when things

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