Financial giants have made a conspicuous bullish move on Goldman Sachs Gr. Our analysis of options history for Goldman Sachs Gr GS revealed 9 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 11% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $333,624, and 3 were calls, valued at $563,440.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $425.0 to $510.0 for Goldman Sachs Gr over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Goldman Sachs Gr options trades today is 230.25 with a total volume of 874.00.
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 $425.0 to $510.0 over the last 30 days.
Goldman Sachs Gr Call and Put Volume: 30-Day Overview
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 | BEARISH | 09/20/24 | $66.55 | $64.05 | $64.4 | $425.00 | $508.7K | 328 | 83 |
| GS | PUT | SWEEP | NEUTRAL | 10/18/24 | $26.65 | $25.9 | $26.39 | $500.00 | $71.1K | 129 | 77 |
| GS | PUT | SWEEP | BULLISH | 10/18/24 | $28.25 | $27.7 | $27.9 | $500.00 | $69.8K | 129 | 129 |
| GS | PUT | SWEEP | BULLISH | 10/18/24 | $28.15 | $27.65 | $27.65 | $500.00 | $69.1K | 129 | 154 |
| GS | PUT | TRADE | BULLISH | 10/18/24 | $28.15 | $24.8 | $26.15 | $500.00 | $65.3K | 129 | 25 |
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.
Having examined the options trading patterns of Goldman Sachs Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Goldman Sachs Gr's Current Market Status
- Currently trading with a volume of 129,633, the GS's price is down by -0.45%, now at $488.04.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 64 days.
Professional Analyst Ratings for Goldman Sachs Gr
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $522.6.
- An analyst from Barclays persists with their Overweight rating on Goldman Sachs Gr, maintaining a target price of $565.
- Consistent in their evaluation, an analyst from RBC Capital keeps a Sector Perform rating on Goldman Sachs Gr with a target price of $500.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Goldman Sachs Gr, targeting a price of $550.
- An analyst from Citigroup persists with their Neutral rating on Goldman Sachs Gr, maintaining a target price of $485.
- An analyst from Morgan Stanley persists with their Overweight rating on Goldman Sachs Gr, maintaining a target price of $513.
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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