Buying Swing: covering short then adding OVERSIZED GS 170 ca
Posted: Tue Apr 27, 2010 11:06 am
Buying Swing: covering short then adding OVERSIZED GS 170 calls at 1.19-.29. The short from 2.30 were here locking in the profits on this short, but still had a long position have been this morning accumulating to to make the overall stake a 2X oversized now long position on GS 170 calls . Here the bet is the same as originally derived, a short covering bounce and as mentioned at open, a buy the news event after all the anticipation to this GS congressional hearings.