We hold 12 December 6 calls for 0.15, having gotten sandbagged when we bought into a mini-cascade of selling on the opening bell. Our goal is to short a dozen December 7 calls against them for 0.06 or better, but let’s be crazy-greedy for now and offer them for 0.10, good-till-canceled. If you think Goldman Sachs eventually will move higher, there is little reason to worry about this inexpensively bullish position. ______ UPDATE: Having achieved a perverse sort of perfection in the timing of our purchase of some call options, it’s now time to write them off. We’ll book a $180 trading loss and hold them as a lottery ticket on — let’s see if I can choke this phrase out without getting nauseous — a possible “Santa rally” into year’s end.
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