What the Options Market Tells Us About Goldman Sachs Gr

Financial giants have made a conspicuous bullish move on Goldman Sachs Gr. Our analysis of options history for Goldman Sachs Gr GS revealed 17 unusual trades.

Delving into the details, we found 58% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $449,321, and 12 were calls, valued at $616,872.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $405.0 for Goldman Sachs Gr over the last 3 months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Goldman Sachs Gr stands at 1123.87, with a total volume reaching 1,065.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Goldman Sachs Gr, situated within the strike price corridor from $200.0 to $405.0, throughout the last 30 days.

Goldman Sachs Gr Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
GS PUT TRADE BULLISH 07/19/24 $375.00 $211.5K 12 100
GS PUT TRADE NEUTRAL 01/19/24 $377.50 $129.0K 1.2K 409
GS CALL TRADE BULLISH 01/19/24 $200.00 $88.2K 12 5
GS CALL SWEEP BULLISH 01/19/24 $360.00 $75.6K 2.4K 26
GS CALL SWEEP BULLISH 07/19/24 $405.00 $68.3K 20 149

About Goldman Sachs Gr

Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.

Following our analysis of the options activities associated with Goldman Sachs Gr, we pivot to a closer look at the company's own performance.

Present Market Standing of Goldman Sachs Gr

  • With a volume of 576,466, the price of GS is up 0.28% at $377.95.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 88 days.

Expert Opinions on Goldman Sachs Gr

In the last month, 5 experts released ratings on this stock with an average target price of $441.0.

  • An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $440.
  • An analyst from Oppenheimer persists with their Outperform rating on Goldman Sachs Gr, maintaining a target price of $491.
  • Consistent in their evaluation, an analyst from BMO Capital keeps a Market Perform rating on Goldman Sachs Gr with a target price of $360.
  • An analyst from Barclays persists with their Overweight rating on Goldman Sachs Gr, maintaining a target price of $493.
  • An analyst from JP Morgan has decided to maintain their Overweight rating on Goldman Sachs Gr, which currently sits at a price target of $421.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Goldman Sachs Gr options trades with real-time alerts from Benzinga Pro.

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