I trade a handful of underlyings and Goldman Sachs is one of them. Over the past two months this stock has not done anything. Credit spreads, calendars spreads and short puts worked out great, but the price action is getting closer to the uptrend line that started at the beginning of the year. Whats next for the financial giant? Implied volatility is at the lower 1/3 of the volatility range and the stock is channeling, both are ideal situations for a calendar spread. But I would rather find a spot that I would not mind owning this stock and sell a couple of puts. Below are the two ideas I have on GS.
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