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Home › Forums › Open Trades › Income Calendar in GS
What. A. Move.
Goldman is up almost 10% over a 3 day period.
So it’s a combination of the yield curve steepening and some election voodoo.
Either way, I’m treating this as an earnings-like event, where the stock has seen a strong volatility move and is searching for new equillibrium levels.
So here’s the trade setup:
IWO Premium Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
STO | GS | 20 Jan 17 | 190 | Put |
BTO | GS | 21 Apr 17 | 190 | Put |
Total DEBIT: | 3.8 |
Now look, if this thing continues to get jammed, we will simply scale into the trade some more. So a move to 205 or a selloff to 180 will cause an add.
Goal is 20% return on risk. After the Fed rate hike, the Jan options will get smoked and we’ll be able to exit then.
Adding to this trade:
IWO Premium Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
STO | GS | 20 Jan 17 | 205 | Put |
BTO | GS | 21 Apr 17 | 205 | Put |
Total DEBIT: | 4.45 |
Thoughts on this trade lately?