Market Whales and Their Recent Bets on Goldman Sachs Gr Options

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

And retail traders should know.

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

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GS, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 10 options trades for Goldman Sachs Gr.

This isn't normal.

The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $38,000, and 9, calls, for a total amount of $482,199.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $240.0 and $400.0 for Goldman Sachs Gr, spanning the last three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Goldman Sachs Gr stands at 577.78, with a total volume reaching 387.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Goldman Sachs Gr, situated within the strike price corridor from $240.0 to $400.0, throughout the last 30 days.

Goldman Sachs Gr 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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.

Current Position of Goldman Sachs Gr

• Currently trading with a volume of 315,582, the GS's price is down by -0.09%, now at $338.4.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 62 days.

Expert Opinions on Goldman Sachs Gr

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $443.5.

• Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Goldman Sachs Gr with a target price of $447.
• In a cautious move, an analyst from JMP Securities downgraded its rating to Market Outperform, setting a price target 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.