Financial giants have made a conspicuous bearish move on Goldman Sachs Gr. Our analysis of options history for Goldman Sachs Gr GS revealed 24 unusual trades.
Delving into the details, we found 29% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $854,852, and 9 were calls, valued at $1,430,676.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $300.0 and $520.0 for Goldman Sachs Gr, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Goldman Sachs Gr options trades today is 412.95 with a total volume of 4,159.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Goldman Sachs Gr's big money trades within a strike price range of $300.0 to $520.0 over the last 30 days.
Goldman Sachs Gr 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GS | CALL | SWEEP | NEUTRAL | 09/20/24 | $44.8 | $44.75 | $44.75 | $430.00 | $492.2K | 723 | 112 |
| GS | CALL | SWEEP | BULLISH | 01/17/25 | $37.0 | $36.6 | $37.0 | $470.00 | $407.0K | 423 | 110 |
| GS | CALL | SWEEP | BEARISH | 08/16/24 | $9.95 | $9.8 | $9.8 | $470.00 | $190.6K | 628 | 241 |
| GS | PUT | SWEEP | NEUTRAL | 08/16/24 | $15.55 | $15.25 | $15.44 | $480.00 | $133.0K | 597 | 87 |
| GS | PUT | SWEEP | BULLISH | 10/18/24 | $28.6 | $27.8 | $28.0 | $475.00 | $103.4K | 85 | 92 |
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 753,146, the price of GS is up 1.47% at $465.75.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 70 days.
What Analysts Are Saying About Goldman Sachs Gr
In the last month, 5 experts released ratings on this stock with an average target price of $527.4.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Goldman Sachs Gr with a target price of $565.
- An analyst from RBC Capital persists with their Sector Perform rating on Goldman Sachs Gr, maintaining a target price of $500.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Goldman Sachs Gr, targeting a price of $513.
- An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $500.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on Goldman Sachs Gr, which currently sits at a price target of $559.
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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