Tuesday, October 13, 2009

Meredith Whitney Does it Again: Downgrades Goldman Sachs - Straddles For October and November

You may say many things about Meredith Whitney, but she upgraded Goldman Sachs in the spring to Buy and the stock rocketed higher. Now she has downgraded it to Neutral, just ahead of it releasing earnings. The lady seems to know something.

As with all these stocks that experience sudden moves, they are prime candidates for straddles. Here are the straddles for October and November:

With 3 days to expiration, October's are of course extremely risky.

You just do your own due dilligence on this!

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