Two Day Profits of 51% On Goldman Sachs Puts
Apr 30, 2010 Options, Trading Idea
On Tuesday April 27, we sent a buy alert out to subscribers of our Options Capitalist subscription service for options traders, recommending that they purchase the Goldman Sachs (GS) May 2010 145 puts. We entered into the trade at $3.80. We also posted the trade right here on the Navivest blog, for the benefit of our readers.
This morning at 10:53 AM, with Goldman Sachs down over $12, we sent out an exit alert, recommending subscribers put in a good til cancel order to sell the puts at $5.75. The order was filled soon thereafter, giving us profits of 51% in just three days.
The Options Capitalist is a twice a week service for option traders. More info on the service can be found here.
More on this topic
(What's this?)
A Brief, Unapologetic History of Goldman Sachs - Part 1
(Blogging the Commodity Bull Market, 4/20/10)
Goldman Sachs’ Misconduct… How to Play the Banking Sector’s Latest Black Mark
(Investment U, 4/20/10)
Notes on Senate Hearings on Goldman Sachs (Updated as of End of Hearings)
(naked capitalism, 4/27/10)
Tags: goldman sachs, Options, outs
