Goldman Sachs Gr Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on Goldman Sachs Gr GS.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with GS, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 12 uncommon options trades for Goldman Sachs Gr.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $180,660, and 9 are calls, for a total amount of $918,275.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $315.0 to $370.0 for Goldman Sachs Gr during the past quarter.

Analyzing Volume & Open Interest

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 $315.0 to $370.0 over the preceding 30 days.

Goldman Sachs Gr Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

Where Is Goldman Sachs Gr Standing Right Now?

• With a volume of 511,759, the price of GS is up 0.02% at $324.0.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 69 days.

Professional Analyst Ratings for Goldman Sachs Gr:

• In a cautious move, JMP Securities downgraded its rating to Market Outperform, setting a price target of $440.
• Maintaining their stance, Oppenheimer continues to hold a Outperform rating for Goldman Sachs Gr, targeting a price of $447.
• Consistent in their evaluation, JMP Securities keeps a Market Outperform rating on Goldman Sachs Gr with a target price of $440.

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.