GS – Goldman Sachs (Last:164.33)

We hold the Jan 130 – Oct 130 put spread four times for 3.40 and are long one September 170 call acquired on Friday for 2.00. This is a very slight backspread, with moderate premium exposure over the next three weeks. Our goal is to sell the call on a quick pop to reduce the carrying cost of the put spread. The call also makes us approximately delta neutral — long the equivalent overall of about five shares of stock.  Goldman looks like it could push up to 170.19 if it can get past a lesser Hidden Pivot resistance at 166.40.