Hot Trading Strategies For A Cold Market: Update to my Goldman Sachs PUTS

Thursday, September 18, 2008

Update to my Goldman Sachs PUTS

With the financial mess getting really ugly I decided to sell 3 of my GS contracts today for a total of $19,740 or $65.80 premium per share (as GS traded down near a low of 90 today)! I still hold 7 contracts which I will wait to sell, because I have a feeling GS and the market as a whole might be headed lower!

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