Friday’s $10 thrust was a short-squeeze truly worthy of the name, since it came on news that the company plans to float a zillion new shares while the gettin’s good. We hesitate to predict how high the squeeze will go, especially with index futures evidently under pressure Sunday night.  But our hunch is that stocks will get dragged higher by Goldman rather than the other way around.  If so, look for the rally to continue to at least 131.80, a good place to try shorting on your terms with a tight stop-loss. Our multi-layered option position stands to do well no matter what the stock does, but maximum profitability would come this Friday with GS trading in the range $113-$123.  _______ UPDATE (12:40 p.m.): With Goldman receding from this morning’s short-squeeze high, I’m going to recommend that you try to add two April 130-135 call spreads to the position for around 1.60. _____ FURTHER UPDATE (12:48 p.m.):  Goldman got down as low as 126.70 on the pullback, so the spread was fairly easy to buy for 1.60.  We’ll carry it officially for 1.70, which now gives us four April 130-135 spreads with an average price of 1.03.  Now, if the stocks finishes well below $130 this Friday and turns the vertical spreads into losers, so much the better, since it means our calendar spreads at the 115 and 120 strikes will be even bigger winners. We will also pick up $100 per point profit to the downside because we are short an extra April 115 call.  _______ TARGET REVISION:  The 131.80 target will do fine for scalpers who stick to the tight stop-loss I’ve advised.  However, I now expect GS to reach a minimum 143.02 in this run-up.  Patient bears should factor this prospect into their short-term outlook for the stock market, since it would seem to put the Dow well above the 8200 threshold I’d pegged a while back.