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 11 uncommon options trades for Goldman Sachs Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 63% bullish and 36%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $109,913, and 8 are calls, for a total amount of $419,154.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $380.0 to $420.0 for Goldman Sachs Gr over the recent three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Goldman Sachs Gr's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Goldman Sachs Gr's substantial trades, within a strike price spectrum from $380.0 to $420.0 over the preceding 30 days.
Goldman Sachs Gr 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GS | CALL | TRADE | BEARISH | 04/19/24 | $420.00 | $158.4K | 1.2K | 1.3K |
| GS | CALL | TRADE | BEARISH | 03/28/24 | $380.00 | $54.4K | 135 | 60 |
| GS | PUT | TRADE | BULLISH | 03/28/24 | $395.00 | $48.0K | 193 | 50 |
| GS | CALL | SWEEP | BEARISH | 04/19/24 | $390.00 | $40.5K | 996 | 68 |
| GS | CALL | TRADE | BEARISH | 03/28/24 | $385.00 | $38.5K | 274 | 357 |
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 509,154, the GS's price is up by 1.0%, now at $388.21.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 27 days.
Professional Analyst Ratings for Goldman Sachs Gr
In the last month, 2 experts released ratings on this stock with an average target price of $438.0.
- In a positive move, an analyst from Daiwa Capital has upgraded their rating to Outperform and adjusted the price target to $430.
- An analyst from Oppenheimer persists with their Outperform rating on Goldman Sachs Gr, maintaining a target price of $446.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Goldman Sachs Gr, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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