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 10 uncommon options trades for Goldman Sachs Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 30%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $128,230, and 7 are calls, for a total amount of $438,154.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $230.0 to $510.0 for Goldman Sachs Gr over the last 3 months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Goldman Sachs Gr's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Goldman Sachs Gr's significant trades, within a strike price range of $230.0 to $510.0, over the past month.
Goldman Sachs Gr 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GS | CALL | TRADE | NEUTRAL | 03/21/25 | $42.5 | $40.85 | $41.67 | $490.00 | $129.1K | 207 | 32 |
| GS | CALL | TRADE | BULLISH | 10/18/24 | $20.0 | $19.4 | $20.0 | $490.00 | $100.0K | 843 | 50 |
| GS | CALL | SWEEP | BEARISH | 10/18/24 | $27.05 | $26.6 | $26.6 | $480.00 | $79.8K | 732 | 37 |
| GS | PUT | TRADE | BULLISH | 09/20/24 | $5.3 | $4.9 | $4.9 | $500.00 | $48.0K | 1.4K | 8 |
| GS | PUT | SWEEP | NEUTRAL | 09/20/24 | $5.2 | $4.25 | $4.85 | $497.50 | $48.0K | 87 | 0 |
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.
Following our analysis of the options activities associated with Goldman Sachs Gr, we pivot to a closer look at the company's own performance.
Goldman Sachs Gr's Current Market Status
- With a volume of 273,638, the price of GS is up 2.09% at $494.71.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 26 days.
Professional Analyst Ratings for Goldman Sachs Gr
In the last month, 1 experts released ratings on this stock with an average target price of $472.0.
- An analyst from JP Morgan persists with their Overweight rating on Goldman Sachs Gr, maintaining a target price of $472.
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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