GS – Goldman Sachs (Last:146.04)

With Goldman shares at a precipice, the July 195 calls we’ve been attempting to steal came cascading down on us yesterday like summer rain.  I’ll treat the order to buy 20 of them @ 0.15 as filled, but as long as DaBoyz are jumping out of windows, let’s try to suck up another dozen, bidding 0.12 for them, good-till-canceled.  Be warned that I am suggesting this because it looks like the stock will fall a further $3, to at least 143.58 (see inset), before it can turn around.  We’ll need quite a rally to get the second part of our order filled — i.e., short-sell an equal number of July 200 calls for 0.20 — but stranger things have happened on Wall Street between April and July. Anyway, our theoretical risk at this point is a mere $300 for a potential 32-to-1 payoff.