Buying Swing: buying GS 170 May calls at 3.55 area OVERSIZED
Posted: Tue Apr 20, 2010 12:26 pm
Buying Swing: buying GS 170 May calls at 3.55 area OVERSIZED. This is my initial entry into GS for a bounce. The earnings today could not be denied on GS and the pull back on SEC sute gives a unique bounce opportunity and if a proper lower risk bounce takes hold then initial target is 173. the plan today is to accumulate another position also oversized if we start seeing follow trough but most likely sell 1/2 before the day is over to control risk and still mentioning a signal oversized exposure overnight.