Options Trader Makes Big Bet On Goldman Sachs With This Expectation For Stock Through June

The Goldman Sachs Group, Inc. GS shares moved lower on Tuesday.

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said Goldman Sachs traded 2x average daily volume on Tuesday.

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There was a seller of 800 of the June 300-put/400-call strangles at an average price of $10.10 per contract, Khouw mentioned.

The trader expects Goldman Sachs stock to remain relatively range bound through June expiration.

On Tuesday on CNBC's "Squawk Box," Goldman Sachs CEO David Solomon acknowledged that the bank's consumer finance platforms have not been up to par in recent years. 

"I think it's absolutely fair that our execution around the consumer platform hasn't been to the standard we'd like it to be," Solomon said.

Price Action: Goldman Sachs shares dropped 3.8% to close at $351.65 on Tuesday.

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