Deep-pocketed investors have adopted a bearish approach towards Goldman Sachs Gr GS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Goldman Sachs Gr. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 22% leaning bullish and 66% bearish. Among these notable options, 3 are puts, totaling $104,872, and 6 are calls, amounting to $287,361.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $370.0 to $430.0 for Goldman Sachs Gr during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $370.0 to $430.0 in the last 30 days.
Goldman Sachs Gr 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GS | CALL | TRADE | BULLISH | 05/17/24 | $25.25 | $23.85 | $24.9 | $405.00 | $62.2K | 594 | 26 |
| GS | CALL | SWEEP | BEARISH | 05/17/24 | $25.15 | $24.75 | $24.75 | $405.00 | $61.8K | 594 | 51 |
| GS | CALL | SWEEP | BEARISH | 05/03/24 | $3.5 | $3.4 | $3.41 | $430.00 | $52.8K | 981 | 322 |
| GS | CALL | SWEEP | BEARISH | 05/03/24 | $3.45 | $3.35 | $3.36 | $430.00 | $52.0K | 981 | 477 |
| GS | PUT | SWEEP | BEARISH | 01/17/25 | $17.75 | $17.5 | $17.75 | $390.00 | $42.5K | 1.3K | 24 |
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.
After a thorough review of the options trading surrounding Goldman Sachs Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Goldman Sachs Gr's Current Market Status
- Currently trading with a volume of 961,150, the GS's price is down by -0.59%, now at $428.28.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 78 days.
Expert Opinions on Goldman Sachs Gr
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $465.0.
- Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Goldman Sachs Gr with a target price of $425.
- An analyst from Keefe, Bruyette & Woods has decided to maintain their Outperform rating on Goldman Sachs Gr, which currently sits at a price target of $485.
- An analyst from Oppenheimer persists with their Outperform rating on Goldman Sachs Gr, maintaining a target price of $517.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Goldman Sachs Gr with a target price of $433.
- In a positive move, an analyst from Argus Research has upgraded their rating to Buy and adjusted the price target to $465.
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.
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