Strategy Update: Volatility play books 44.8% in four days.Over the weekend we highlighted a volatility play on Goldman Sachs to coincide with their earnings that came out this morning (See original article - March 16). The market seemed to like what it heard from Goldman and launched the stock $24.57 or 16.27% today.This favourable outcome demolished the risk premium factored into Goldman options, setting up a very quick and profitable play. Referring back to the original article, it didn’t matter which way Goldman’s stock went[...]
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[Source: The Money Blogs]
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