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 80% bullish and 20%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $46,460, and 9, calls, for a total amount of $482,518.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $377.5 to $430.0 for Goldman Sachs Gr during the past quarter.

Volume & Open Interest Development

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 $377.5 to $430.0 in the last 30 days.

Goldman Sachs Gr Option Activity Analysis: Last 30 Days

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.

Having examined the options trading patterns of Goldman Sachs Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Goldman Sachs Gr's Current Market Status

• Currently trading with a volume of 412,126, the GS's price is up by 0.79%, now at $383.79.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 83 days.

What The Experts Say On Goldman Sachs Gr

5 market experts have recently issued ratings for this stock, with a consensus target price of $430.8.

• Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for Goldman Sachs Gr, targeting a price of $360.
• An analyst from JP Morgan persists with their Overweight rating on Goldman Sachs Gr, maintaining a target price of $421.
• In a cautious move, an analyst from JMP Securities downgraded its rating to Market Outperform, setting a price target of $440.
• An analyst from Barclays has decided to maintain their Overweight rating on Goldman Sachs Gr, which currently sits at a price target of $493.
• Consistent in their evaluation, an analyst from UBS keeps a Buy 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.