This is a closing trade from the blog yesterday: Goldman Sachs (GS) - Weekly Trade; Selling Vol Expansion
GS is trading $151.33, down 1.7% with IV30™ up 5.5%. The LIVEVOL™ Pro Summary is below.
The Options Tab (updated) is included (click to enlarge):
Yesterday we analyzed:
Buy 1 GS Monthly 155 put for $3.30
Sell 2 GS Weekly 150 puts @ $0.49
Value = $2.32
Today we close:
Sell 1 GS Monthly 155 put @ $4.85
Buy 2 GS Weekly 150 puts for $0.96
Value = $2.93
Hypothetical return: $2.93 - $2.32 = $0.61 or 26%. I must admit, it turned out a bit lucky; the market tanking the next day.
This is trade analysis, not a recommendation.
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I only went with the 155 put yesterday, and I am staying with a stop @ $5.05 good call
ReplyDeleteKeep the good work