GS Goldman Sachs Group (133.00)

With perfect knowledge and infinite wisdom, plus a smidgen of psychosis, the market in a single day has repriced Goldman by two-thirds, reflecting its new status, along with JP Morgan, as an officially sanctioned survivor of the 2008 Banking Meltdown. (Will Wells Fargo and Citi also be given the coveted blank checkbook bearing the seal and watermark of the United States Treasury? Stay tuned.) We’d be buyers of Goldman ourselves if it should come down to a midpoint pivot at exactly 100.26. Option premium levels are appropriately surreal, so I’ll suggest naked-shorting an October 100 put rather than buying a call. (That’s why this trade is not being offered as a Pick of the Day). The puts should be trading for around $13, but whatever you get for it, stop yourself out if the option trades for 0.40 more. The order is good through Wednesday. _______ UPDATE: Cancel the order, since Goldman has headed sharply higher.