Friday, April 16, 2010

Options Expiration Day: The River

Forgive the poker analogy, but it looks as if I got rivered with the Goldman Sachs (GS) puts I sold last month. Looks like I'm going to be the proud(?) owner of GS shares at an effective cost basis of $169.90 after today.

In case you haven't checked the news, the SEC charged Goldman with fraud today sending shares down to the $160-165 level.

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