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Reply To: Magnet Trade in GS

Home › Forums › Swing Trades › Magnet Trade in GS › Reply To: Magnet Trade in GS

November 25, 2013 at 2:48 pm #2555
Steven Place
Keymaster

GS is now trading at 169.70.

This is a point where I will scale out of the trade as we are heading into key resistance.

The Dec 165 call is now trading at 6 bucks, so it’s almost a double on max risk, and a 2R trade. In hindsight, going a little further out in time (to January Calls) may have been a better choice as it reduces theta risk.

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