Goldman Now Diving

Your Puts Hit $1.85

By Bryan Bottarelli
Tuesday, June 13, 2006 3:24 PM EST
Tue, 13 Jun 2006 20:24:00 GMT

Dear Bottarelli Research Member,

Just like yesterday, the markets are making a violent down-move at the close of trading. This move has pushed Goldman down $6.70 a share, which has subsequently pushed your GS July 125 Puts (GS SE) up to $1.85 per contract. This breached the $1.80 sell level that I told you to shoot for earlier today. If you add in the ten cents from the GS July 170 Calls (GPY GN), you’re basket is now worth $1.95. Maintain your total basket orders of $2.00 good until the end of the day.

If the combined value of the calls and puts does not hit $2.00 by the end of the day, we’ll re-evaluate the entire position tomorrow. But from the looks of things, we could get our prices by the close of today’s trading.

Lock and load,

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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