Saxo TV: Why I'm shorting Goldman SachsOwen Thomas
Serge Berger, from the Steady Trader, is focusing on shorting Goldman Sachs in today's Trader's Tale. Serge says we're entering in to earnings season pretty soon and the bank, he says, always gives a good indication of what we might be able to expect volatility wise.
Serge is looking at shorting GS at around $150. Here he gives his stop positions and explains his reasoning. He says he's looking for a pretty good risk reward on this trade over the next few days.
Earnings Season in the US kicks off on July 8th.