Catching a ride north with the strategy I advised here yesterday would have required a nimble and alert response in the wee hours; however, the potential short from 192.91, the Hidden Pivot target flagged in the same tout, still beckons. As of early Wednesday evening, the little sonofabitch had wafted as high as 191.50, so there’s not much further to go. To initiate the short, I’d suggest buying two November 180 puts (GPYWP). I’m guessing they’ll be trading for around 4.60, but I’ll suggest monitoring the bid/asked for the Nov 180 puts as Goldman closely approaches the target. You should stop yourself out of the position if the stock trades above 193.10. More-experienced pivoteers can attempt shorting with camouflage after the stock hits or nears the target. This would entail initiating the trade on the first a-b-c pullback from near 192.91.
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