I am glad I enjoyed the weekend, because my GS holdings look like a dumb trade at the moment. I have basically given back everything I gained with GS on Friday at the open. I sold my March calls into a mid-morning, mini-rally, figuring they are too out-of-the-money for a Thursday expiration at this point.
With GS and my April position, we will see what tomorrow's earnings brings us. It is not really the earnings that will move the stock, but what the company says about their holdings and outlook that is important.
I took this money and doubled my calls with MON.
Monday, March 17, 2008
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