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 trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 13 uncommon options trades for Goldman Sachs Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 61% bullish and 38%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $547,471, and 8 are calls, for a total amount of $332,406.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $440.0 for Goldman Sachs Gr over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Goldman Sachs Gr's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Goldman Sachs Gr's whale trades within a strike price range from $150.0 to $440.0 in the last 30 days.
Goldman Sachs Gr Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GS | PUT | TRADE | BEARISH | 09/20/24 | $370.00 | $410.0K | 124 | 200 |
| GS | CALL | TRADE | BULLISH | 01/19/24 | $355.00 | $64.0K | 1.4K | 38 |
| GS | CALL | TRADE | BULLISH | 09/20/24 | $420.00 | $47.0K | 112 | 33 |
| GS | CALL | TRADE | BULLISH | 01/17/25 | $150.00 | $46.5K | 4 | 0 |
| GS | CALL | SWEEP | BULLISH | 03/15/24 | $430.00 | $46.4K | 343 | 162 |
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.
In light of the recent options history for Goldman Sachs Gr, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Goldman Sachs Gr
- With a volume of 609,813, the price of GS is up 0.69% at $388.45.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 14 days.
Expert Opinions on Goldman Sachs Gr
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $413.0.
- An analyst from Morgan Stanley persists with their Equal-Weight rating on Goldman Sachs Gr, maintaining a target price of $333.
- An analyst from Barclays persists with their Overweight rating on Goldman Sachs Gr, maintaining a target price of $493.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
