Monday, April 19, 2010

GS Trade

I bought a small number of way-out-of-money Goldman Sachs May calls (strike at $185, the price as of last Thursday, BTW) for a trade. I bought them at 70 cents, and they ended at $1.18.

GS recovered after the news came that the SEC's vote to sue Goldman was 3-2, strictly party-lines.

Tomorrow is their earnings report before the market opens. Probably I should have sold, given the uncertainty.

We'll see soon enough...

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