The Good and the Bad

Goldman's quarter was fantastic as they beat the expectations by some 34% and surpassed the most optimistic forecast. The stock was up over 2% this morning as I put in orders to sell some of the calls on the offer side at $7.90 and at $8.00. Unfortunately those trades were not done and as per usual the as the market sells off, the correlation increases and even the good names get hit. I don't like to sell into a panic, but with calls the erosion of time value has to be considered.