gold trading, silver trading - daily alerts


April 17, 2009, 12:00 PM

This Market Alert is relevant to you, if you followed the speculative part of my previous Premium Update and bought April put options on Goldman Sachs Group.

Since these options expire today, I would not suggest waiting any longer for their appreciation, especially that the price of GS shares is trading around the 120 level (which is the strike price that I have suggested). These options still have value thanks to the recent volatility in GS itself, but this value will evaporate very quickly unless GS plunges before today's market close. I don't think that this is very probable, so I believe that selling these options immediately is the way to go.

The next Premium Update will be posted before the market opens on Monday - possibly on Saturday.

Przemyslaw Radomski

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