Intermediate Trade: Goldman Sachs

Right now, besides the short-term Donald Trump Jr. selloff, stocks have been remarkably resilient. We do have an interesting earnings cycle where JPMorgan (JPM) and Wells Fargo (WFC) earnings fall on Friday morning, but some of the other near-term bank volatility is pretty pumped due to that.

We should be able to get a two-day ride out of Goldman Sachs (GS) on this since the July 14s are a bit more expensive than normal. The GS July 14 $230 calls are $1 bid and the July 21 $230 earnings calls are trading around $3.30. This could be a nice way to back into a longer delta with some higher decaying short-term calls. ...55 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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