Goldman Sachs Calls Active (GS)

Goldman Sachs GS shares are trading up today about 2.3% on average volume. We saw strength in the financials today on the heels of positive China data. With opex coming up this Friday we are seeing some interesting call activity in GS options. The 155 September calls have traded 13,00 contracts vs open interest of 11,000. The majority of these options were purchased for around 1.30. This would mean traders are expecting a move north of 155 before or on this Friday. GS is currently trading 154.36. WE are looking for a move over 155 possibly closer to 160 by Friday if the market continues to push over 1120. Trade Idea. Buy Goldman Sachs 155 calls Sell the 160 Calls to finance the purchase Debit of 1.15 Max profit of $380 a contract Max loss 115 a contract