Carter Worth's Goldman Sachs Options Trade

On CNBC's "Fast Money", Carter Worth spoke about Goldman Sachs Group Inc GS.

He noticed it's significantly underperforming the KBW Bank Index, which is up 22 percent since 2016, while Goldman Sachs is down around 4 percent. Worth said the banks have not returned to the pre-election values, while Goldman Sachs has. He thinks that the banks have more room on the downside and he expects to see a bounce in Goldman Sachs.

Worth showed on the chart that the stock is currently trading at its long-term trendline and he wants to make a bet that it's going to bounce off the trendline.