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 18 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 38% leaning bullish and 50% bearish. Among these notable options, 3 are puts, totaling $200,785, and 15 are calls, amounting to $801,899.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $395.0 to $600.0 for Goldman Sachs Gr over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Goldman Sachs Gr's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Goldman Sachs Gr's substantial trades, within a strike price spectrum from $395.0 to $600.0 over the preceding 30 days.
Goldman Sachs Gr Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GS | CALL | TRADE | BULLISH | 12/20/24 | $5.75 | $5.5 | $5.75 | $550.00 | $115.0K | 17 | 0 |
| GS | PUT | TRADE | BEARISH | 08/16/24 | $6.25 | $6.15 | $6.25 | $445.00 | $100.6K | 94 | 3 |
| GS | CALL | TRADE | BULLISH | 01/17/25 | $41.55 | $41.15 | $41.55 | $455.00 | $95.5K | 59 | 0 |
| GS | CALL | TRADE | BEARISH | 12/20/24 | $19.65 | $19.45 | $19.45 | $490.00 | $79.7K | 211 | 38 |
| GS | CALL | TRADE | BEARISH | 12/20/24 | $19.6 | $19.4 | $19.4 | $490.00 | $73.7K | 211 | 0 |
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.
Current Position of Goldman Sachs Gr
- Trading volume stands at 560,310, with GS's price down by -1.58%, positioned at $460.51.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 10 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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