NEW DIRECTIONAL PUT PLAYS

Goldman Sachs - GS - close: 151.10 change: -3.06 stop: 156.05

Why We Like It:
The sideways consolidation in GS looks vulnerable. The stock could breakdown again. If it slips lower the next level of support is the $135-137.50 zone. The low last month was $147.81. I am suggesting a trigger to buy puts at $147.45. If triggered our first target to take profits is at $138.00.

Suggested Options:
I am suggesting the March $140 puts.

BUY PUT MAR 140 GS1020O140 open interest=4816 current ask $3.65

Annotated Chart:

Entry  on  February xx at $ xx.xx <-- TRIGGER @ 147.45
Change since picked:       + 0.00
Earnings Date            04/13/10 (unconfirmed)
Average Daily Volume =         17 million  
Listed on  February 00, 2010