SOLD -1 GS 100 APR 09 105 PUT @9.55

I’m out of GS short, which I bought at 8.72, with a small profit. This gap down today only attracted some light volume. And we’re hitting the support of $100. Light volume on a test of a strong support isn’t good. So I’m lightening my short here since I still have my GE strangle to live off of in case we’re tanking further as I suspect. Call me chicken, but this position is a bit too heavy to be comfortable.

Goldman Sachs

Related posts:

1. SOLD -4 ESLR 100 DEC 08 5 PUT @1.60
2. Sold 250 HOD.TO @ $11.94, +2.2%
3. SOLD -4 DELL 100 DEC 08 13 PUT @1.29
4. SOLD -2 OIH 100 AUG 09 110 PUT @7.41
5. SOLD -3 SLW 100 DEC 08 5 PUT @1.55