More Shorting

I really like puts on LEH right now. Lehman Brothers lost about 9% today and I think they are the next hedge fund target to break. This market greatly favors the short position on this sort of firm and today confirmed, at least in my mind, that LEH is the next casualty. That's not to say that they will eventually be bought out, I don't know that it will be as bad as the collapse at BSC. With that said, I think the correct play is puts on LEH. The removal of the uptick rule by the SEC last July has really opened to door to targeted campaigns by powerful investors to do their own damage and make good money from shorts.