Shorting Bank of America

[Ivan]

John,

The banks are getting extremely bullish in the past months. I am thinking that it would be a good idea to short them soon, specially BAC stock. I remember you were bearish about BOA and so was I, the only problem was the timing. So I am wondering if you think now could be good time to short the stock? and also, since I never shorted a stock using puts, can you explain how to/which ones to select?

Thanks