I finally bought some Gold today- but it wasn’t the metal- I stepped up and bought Goldman Sachs (NYSE: GS) – 500 shares at $144.25.
There is absolute blood in the streets on the financials- they are so oversold it is kind of absurd.
GS is the absolute gold standard of investment banks, and I have been watching for a huge down crazy day to make a trade in this one.
I first looked at the March 145 options- believe it or not, they wanted $10 for those options- I think I’ll sell some against my 500 shares now. That’s nuts- I won’t pay that kind of premium.
Back to the screens- more on this later.