SPDR S&P Regional Banking ETF (KRE) broke down today after being in a steady downturn. Based on the Federal Reserve’s comments from last week, it doesn’t look like the rates are moving up anytime soon, which is what regional banks need. With further downside ahead, buy to open KRE October $36.50 puts (exp. 10/24) at $1.41 or under. This is an aggressive trade.