Opening a long strangle on Goldman Sachs

Posted by TheNightTrader on Thursday, November 20, 2008 at 11:24 PM

I'm so used to not opening any new trades I totally forgot to add my new trade for tomorrow to my last post. I've still got ~$2,400 cash in my larger account that I've been hesitant to invest with the markets killing my other plays. But now that stuff is breaking out of patterns and heating up I feel comfortable opening a new trade.

GS Apr 40P/65C - I wish I would have gotten into this one a while back as it's just been steadily marching along. I'm getting in the options on a +/-$0.50 move on the stock.

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