Earnings are on deck for Lloyd and his boys, let's see what the options are showing. The stock closed at 174.68 so the ATM straddle is going to be the 175 strike. It traded at 5.66 so the expected move by Friday opex is about 3.2%. So if GS gets above 180.67 or below 169.34
$AAPL released earnings last night, and the usual hoopla and ego swinging was about. They beat, but guidance was tepid (as always) and there was a drop in margins. AAPL was halted, then dropped from a 318 close and ran all the way down to 295. There was panic in the streets, and apparently Jobs
Came down to a support area, if it breaks it's good for a short play. I'm currently long as the risk/reward is ideal for my tastes, but my exposure's lower due to market weakness and it being a countertrend play.