Goldman Sachs Put Strike 210 October - good idea ?

After all this merger-mania, trading-mania, private-equity-mania we should see some consolidation, or ?

 

Why? Shouldn't Goldman theoretically be making more money due to all of the deals they put together?

 

Maybe I am influenced by this mornings news :

"Looming Crash Prompts Jump in Distressed Debt Hiring"

http://www.bloomberg.com/apps/news?pid=20601087&sid=as4IgwxvySmQ&refer=home

Thought investmentbanks are hiring distressed debt bankers when trouble is arising...thought, well, for some reason these people will be needed in the next couple of months...

 

I like my puts...

 

Must have to do something with this hedge fund kind of problems :

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ahWfhEJ7dra4

 

Look how optimistic the man is:
http://video.ft.com/viewfromthetop/
Lloyd Blankfein on risk, Goldman's share price and globalization

Buy October 240 call

 

Did you listen to him asked about Bear Stearns ? He hesitated, but decided to go long with them...

 

I'm a buyer of the GS Jul/Aug 220 call calendar at $3.40.

 

I closed my puts yesterday ! Have fun !