The stock has rallied 7% in the past 10 days. That is statistically significant and tends to lead to consolidation. I’m not super bearish, I just think that further upside is lower odds than what the options are currently pricing in.
Here’s the trade:
Sell to open GS Apr 200/205 bear call spread for 0.93.
If GS breaks above 193 I will roll the entire spread higher to the 205/210.
If I can get 50% of the profit in under a month, I will take the profits there too.