So, GS and AAPL are teaming up and creating a credit card, eh? How convenient will it be to buy stuff and apps on your iPhone and run up the balance on your GS card? GS is looking to leverage its Marcus consumer lending with AAPL’s public reach, and AAPL is looking for another revenue stream to offset its ‘meh’ iPhone sales. To me, as another way to siphon wealth off the American public, it lacks creativity. But the news wasn’t enough to keep GS up, and it dropped yesterday along with the rest of the market. The problem is, as interest rates jumped pushing bonds lower, GS, which would ordinarily benefit from higher rates, fell, too. If you think that GS won’t be able to rally despite positive news and could continue to drop if the rest of the market is weaker, you might consider a bearish strategy. The long put vertical that’s short the 195 put and long the 200 put in the April weekly expiration with 42 DTE is a bearish strategy that has a 66% prob of making 50% of its max profit before expiry and that generates $.31 of positive daily theta.
Opened 19/02/15 for $2.48 debit
Closed 19/03/15 for $2.83 credit