Today the Psychology of the Call team purchased July $160 puts on Goldman Sachs (GS). We did so because of the threat of regulations on financials, our anticipation of GS reporting their worst quarter in a long time, and the continued crushing influence of crude oil prices on the market in general. We bought small lots at various times throughout the day and the average price paid per contract was approximately $3.05 - $3.10. Goldman reports Tuesday morning before the market opens. We'll update the trade at that time.