We’ll be attempting to short this pig every chance we get, since boom times are not coming back for the banking business. At the moment, getting short means buying some put options if and when the stock reaches the 113.23 midpoint Hidden Pivot shown. Our strategy will be to turn the puts into a vertical bear spread by shorting puts of a lower strike on the pullback we expect from 113.23. Stay tuned for further details once the stock is trading above 111. _______ UPDATE (Feb 1): I had triple alerts set on Goldman charts, but Tradestation failed — as it nearly always does — to prompt me. We’ll continue to search for an ideal place to get short nonetheless, although it’s possible today’s high was it.
