Goldman Sachs must be long GE 16 calls for DEC

Vinny1 · Nov 20, 2009

Those calls are currently trading at $0.37, down 38% from their $0.60 price recommendation.

KINGOFSHORTS · Nov 20, 2009

LOL!

Amazing. I wonder how many sheep got lead to the slaughter.

Implosion of death!

I bet GS sold short a fuckton of calls at .60

11Blade · Nov 20, 2009

Quote from Vinny1:

The lesson is always do the opposite from what they tell you to do.

Because that's what the GS traders are doing..

Take a look at their pre-earnings recommendation on Dell a few days ago.

GS must have had to unwind a huge position in DELL then turned short all the while touting that Dell will benefit from win7 cycle.

at least they are consistent.

AKUMATOTENSHI · Nov 21, 2009

Quote from patchie:

Maybe it is Buffett pumping the markets. He has a big stake in Goldman and in GE and he and Goldman just came to a deal to invest $500 Million together. Maybe in their discussion he asked Goldman for a favor.

Don't forget he went long at about $24.00USD a while back. He is probably still holding.

Akuma

noob_trad3r · Nov 23, 2009

Inplied Volatility dropped a lot on that call also I think its down to 28% from 33%

noob_trad3r · Dec 8, 2009

Only 28 cents.

I wonder how many bought these calls on GS recommendation

Vinny1 · Dec 9, 2009

Currently trading at 19 cents.

noob_trad3r · Dec 9, 2009

17 cents OOPS!

I hope GS announces the new options call of the month for GE.

noob_trad3r · Dec 10, 2009

14 cents!

wmb · Dec 11, 2009

I think my disgust with Gs have reached epic proportions is that possible! That idiot from south carolina worked for GS ,the governor! Whats with this company?