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 Strategies & Market Trends : Gersh's Option trades

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To: Mark Johnson who wrote (629)12/18/2007 11:18:58 PM
From: Mark JohnsonRead Replies (1) of 652
 
Not alot of premium on this one, the Goldman Sachs (GS),
December 220 calls bidding around 20 cents. GS is trading around 201 a share.

Shares of GS were hit by the perception things are slowing down. Some institutions will sell this over the next few days, which will put pressure on the shares in the short term.
Long term GS is a good long term buy.

I think its easy money for the shorting of the December 220 calls looks good. Too many unknowns in the financial sector will keep a lid on the upside of the shares over the next few days. Options expire on 12/21.

Best of success option shorters.
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