24 October 2007

22-10-07 : GS Put trade turns out ok

The trade is summarized as below. Bought before market closed on Fri, sold
when market opened by Mon. Autosell order actually, and i was not around.



Reason for the trade : Broken 220 support down.
Share price when option bought : $218
Price target : $215 (which is reached)

Thus $3 down in share price results in option price up $2 actually to $12.90. But i queued to sell at $11.90, thus only $1 profit for me.

1 comment:

plumBlossom- said...

I supposed you figured out about the image thingy. :)