Reply To: Bull Put Spreads in GS

[Steven Place]

I’m pretty much going to call this new GS trade an extension of the same trade thesis I put out here. Trend’s still up, it’s a bit oversold, we’ve got good premium to sell:

Here’s the trade:

Sell to open GS Feb 175/170 bull put spread @0.80 (50% position size)

ADD to the trade at 1.50.

OUT of the trade at 0.30

I am OK with holding this through earnings.