Selling covered calls on GS, need some advice

Discussion in 'Options' started by Lalit11, Feb 6, 2010.

  1. GS is a poor stock. It is not a shareholder friendly company. The CEO and his minions will pay themselves huge bonuses at the expense of shareholders. And insiders are unloading stock like its going out of style.

    Money that should go to shareholders as dividends are instead being used to enrich insiders.

    I would dump the stock, pick something else.

    Or you can sell the Ultra deep in the money July 80 calls and collect 62 cents premium. With plenty of downside protection :)

    Or Jan 2011 2.5 Calls and get 50 cents premium. And even more protection and Bernie Madoff smoothed portfolio performance without the ponzi :)
     
    #21     Feb 8, 2010