* UPDATE This is a closing trade from the blog yesterday: <b><a href="http://livevol.blogspot.com/2010/08/gs.html">Goldman Sachs (GS) - Weekly Trade; Selling Vol Expansion</a></b> GS is trading $151.33, down 1.7% with IV30™ up 5.5%. <img src="http://2.bp.blogspot.com/_hMry1m7UF10/TGKpJEWdbhI/AAAAAAAAEBc/Jb3N9NbvGdw/s1600/gs_summary_8-11-2010.gif"> The Options Tab (updated) is included (<a href="http://livevol.blogspot.com/2010/08/gs_11.html">click to enlarge</a>): Yesterday we analyzed: Buy 1 GS Monthly 155 put for $3.30 Sell 2 GS Weekly 150 puts @ $0.49 Value = $2.32 Today we close: Sell 1 GS Monthly 155 put @ $4.85 Buy 2 GS Weekly 150 puts for $0.96 Value = $2.93 Hypothetical return: $2.93 - $2.32 = $0.61 or 26%. I must admit, it turned out a bit lucky; the market tanking the next day. This is trade analysis, not a recommendation. Details, trades, prices, vols, charts, skews here: http://livevol.blogspot.com/2010/08/gs_11.html
Any time I can get 26% in a day I'm happy to take the profits and run. Of course I can't trade at anywhere near the size of the trades that get featured here. (I don't think livevol will ever have a post that begins "10 put spreads were sold on XOM today...".)