Quick update to GS
With some reversion and time decay on the September options, the trade has moved back to breakeven. The september options now have about two weeks left to expiration.
We are now at a trkcy point where we have a lot of theta gains possible, but also with short gamma risks. If GS chops around for a week or so that’s great, but if we get trending action anytime soon then we can be in trouble. This one will be on a short leash, and any strong moves will require a close.