Deep-pocketed investors have adopted a bearish approach towards Goldman Sachs Gr GS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Goldman Sachs Gr. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 36% leaning bullish and 63% bearish. Among these notable options, 6 are puts, totaling $321,583, and 5 are calls, amounting to $410,951.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $340.0 to $430.0 for Goldman Sachs Gr over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Goldman Sachs Gr's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Goldman Sachs Gr's whale activity within a strike price range from $340.0 to $430.0 in the last 30 days.
Goldman Sachs Gr Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GS | CALL | TRADE | BEARISH | 07/19/24 | $430.00 | $234.0K | 90 | 300 |
| GS | CALL | SWEEP | BEARISH | 03/15/24 | $375.00 | $76.4K | 807 | 0 |
| GS | PUT | TRADE | BEARISH | 03/22/24 | $390.00 | $70.8K | 253 | 215 |
| GS | PUT | SWEEP | BEARISH | 03/15/24 | $400.00 | $56.5K | 200 | 0 |
| GS | PUT | SWEEP | BEARISH | 03/22/24 | $390.00 | $55.8K | 253 | 180 |
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.
After a thorough review of the options trading surrounding Goldman Sachs Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Goldman Sachs Gr
- Trading volume stands at 576,634, with GS's price up by 0.75%, positioned at $395.24.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 32 days.
Professional Analyst Ratings for Goldman Sachs Gr
In the last month, 1 experts released ratings on this stock with an average target price of $430.0.
- An analyst from Daiwa Capital has elevated its stance to Outperform, setting a new price target at $430.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Goldman Sachs Gr with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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