Wednesday, January 20, 2010

Quick Update

I sold a Goldman Sachs (GS) February $170 call option for $4.40 today covering roughly 35% of my position. The company announces its earnings before the bell tomorrow, and I figured it prudent to capture a piece of the volatility value built into the options. Hoping for the best tomorrow, as most of my position is free to reap full benefit in case the company does well.

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