GS has been on a unstoppable run and it was overdue a little pull back. This is how I traded it today based on my theory:
Filled Buy to Open 12 +GSOR Limit 0.08 09:30:38 03/19/09
Filled Sell to Close 12 +GSOR Limit 0.32 10:08:20 03/19/09
Basically, I purchased 12 MAR 90 PUTS at .08 per contract at the open and waited for all technical signals to hit bottom and dropped all 12 contracts at .32 per contract. Not bad for the regular Joe the option trader - folks, this is a 300% in less than 40 minutes!
Enjoy trading!
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