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November 25, 2013 at 2:48 pm
#2555
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.