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Oversold Trade in GS

Home › Forums › Swing Trades › Oversold Trade in GS

  • This topic has 1 reply, 1 voice, and was last updated 10 years, 8 months ago by Steven Place.
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  • September 29, 2015 at 9:55 am #4327
    Steven Place
    Keymaster

    gs

    The stock is breaking down and making a new lower low, and is now down -11% in the past 10 days.

    We’re statistically oversold, and my opinion here is that the breakdown is too obvious.

    Here’s the trade:

    Sell to open GS Nov 145/140 Bull Put Spread @0.75

    Add at 1.20, 1.70

    Out at 0.15

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    September 29, 2015 at 9:57 am #4331
    Steven Place
    Keymaster

    Moved offer to .70

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