Hot Trading Strategies For A Cold Market: 10/5/08 - 10/12/08

Friday, October 10, 2008

GS update 2

Today I sold the rest of my PUTS on Goldman Sachs as the stock plunged to a new 52 week low of 74. I sold my last PUT contracts at $7490 a piece or 74.90 a share. I think I made the right choice, because I see a short term rally coming to the markets in the next week or two and these options expire in less than 2 weeks. Either way I am happy that I was able to take part in this JACKPOT trade.

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