Option Investor
New Plays

New Plays

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I considered adding Goldman Sachs as a short term call play to capitalize on their earnings on Sept-20th but with LEH/BSC on the 13th there was too much risk for me. I believe LEH/BSC may not post earnings as bad as expected and Goldman has already been punished for the sins of others. Goldman should post a strong quarter because of their trading book but there is no way to be sure in advance. I will look at Goldman again next weekend and maybe we can get a play off before they report.

I also hesitate to try and add plays in the midst of this market volatility ahead of the Fed. We have a full watch list and we need to stick to the game plan.

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