Quick GS trade in the making

Quick GS trade in the makingThis should be good for a quick day trade. I’m only looking to make a couple bucks from this trade, whch I assume will be profitable because of the current direction of the market. Of course, if the market reverses direction, I will be personally responsible for the market upward direction, based on the ONE put that I bought. GS isn’t reporting anything, it’s just a normal trading day. Did I choose poorly?

Funny, when I made this trade GS was down $.81, but right afterward it went up $.25, which isn’t really a confidence booster. Thankfully the slower I type this, the more movement.

M a y b e I w i l l t y p e s l o w e r.

That didn’t work, now GS is only down $.76, which proves my typing is in no way connected to the market direction (that’s a relief).

Buy:
GS May08 $170 put (GPYQN), 1 @ $3.60
stock price entered $179.59

GS May08 $170 put (GPYQN)

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Posted By: Michael

News Category: GS, Options, puts

 

 

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