I'm looking for a put calendar candidate. This big flap at OX over GS changing the rules on IC's got me to thinking about GS. Last year I bought the stock at sub 100 did a CC and made some money, but not the 50% the stock went up Anyway I'm thinking this company has gotten a bit bloated, very bad customer service at least based on what they are doing to OX. Overpaid ex's etc in a flat economic environment. At the very least it probably isn't going to be making a big move up in the next couple of months so a put calendar may be a nice trade. On the technical side would anyone care to weigh in?
Technically, I think GS will break down again coincident with a break in the S&P and DIA, we're in a good zone for a top both in time and price, BUT we don't have the validation in the lower daily timeframe, but that may occur shortly as the Bonds are starting to break down again...here's what I'm looking at technically for the big picture view.... http://www.street-noise.net/stocks/...rish-puzzle-is-validating-local-price-action/