Deep-pocketed investors have recently taken a bullish approach towards Goldman Sachs Gr (GS), signaling a potentially significant move in the market. Benzinga, a leading financial news and analysis platform, discovered this trend through its tracking of public options records.
Benzinga’s options scanner highlighted 11 extraordinary options activities for Goldman Sachs Gr, which is highly unusual. The identity of these investors remains unknown, but their substantial move in GS suggests that something big is about to happen.
Among these notable options, 72% of the investors are leaning bullish, while 27% are bearish. Five of the options are puts, totaling $253,680, and six are calls, amounting to $273,629.
When evaluating the trading volumes and Open Interest, it becomes evident that the major market movers are focusing on a price band between $250.0 and $410.0 for Goldman Sachs Gr over the last three months.
Examining the volume and open interest of calls and puts within this price range provides crucial insights into stock research. It helps gauge liquidity and interest levels for Goldman Sachs Gr’s options. Benzinga presents a snapshot of the trends in volume and open interest for significant trades within the strike price range of $250.0 to $410.0 over the past month.
Here are some significant options trades detected:
– Symbol: GS
– Put/Call: PUT
– Trade Type: SWEEP
– Sentiment: BULLISH
– Expiration Date: 06/21/24
– Strike Price: $380.00
– Total Trade Price: $108.5K
– Open Interest: 787
– Volume: 19
– Symbol: GS
– Put/Call: CALL
– Trade Type: SWEEP
– Sentiment: BULLISH
– Expiration Date: 10/18/24
– Strike Price: $390.00
– Total Trade Price: $83.0K
– Open Interest: 58
– Volume: 29
– Symbol: GS
– Put/Call: PUT
– Trade Type: SWEEP
– Sentiment: BULLISH
– Expiration Date: 02/16/24
– Strike Price: $382.50
– Total Trade Price: $60.5K
– Open Interest: 484
– Volume: 354
– Symbol: GS
– Put/Call: CALL
– Trade Type: TRADE
– Sentiment: BEARISH
– Expiration Date: 02/09/24
– Strike Price: $330.00
– Total Trade Price: $55.4K
– Open Interest: 21
– Volume: 10
– Symbol: GS
– Put/Call: CALL
– Trade Type: SWEEP
– Sentiment: BULLISH
– Expiration Date: 04/19/24
– Strike Price: $410.00
– Total Trade Price: $41.3K
– Open Interest: 431
– Volume: 81
Goldman Sachs is a leading global investment banking and asset management firm. Its revenue is generated from investment banking, trading, asset management, wealth management, and retail financial services. The company generates around 60% of its net revenue 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, it is essential to examine the company in more detail, including its current market status and performance.
Currently, Goldman Sachs Gr is trading with a volume of 864,629, and its price is up by 0.38% at $386.5. However, RSI readings suggest that the stock may be approaching overbought conditions. The anticipated earnings release is in 67 days.
Professional analysts have shared their insights on Goldman Sachs Gr, proposing an average target price of $449.2. Oppenheimer maintains an Outperform rating with a price target of $506, while BMO Capital holds a Market Perform rating with a target of $360. JMP Securities downgraded its action to Market Outperform with a target of $440. On the other hand, Morgan Stanley upgraded its action to Overweight with a target of $449. Oppenheimer continues to hold an Outperform rating with a target of $491.
Options trading carries more risk compared to trading the stock directly, but it also offers higher profit potential. Serious options traders manage this risk by staying informed, scaling in and out of trades, following multiple indicators, and closely monitoring the markets.
For those who want to stay updated on the latest options trades for Goldman Sachs Gr, Benzinga Pro provides real-time options trade alerts.
In conclusion, the recent bullish approach of deep-pocketed investors towards Goldman Sachs Gr indicates a potentially significant move in the market. By analyzing the options activities and market trends, investors can gain valuable insights into the sentiment and potential price targets for the stock. However, it is crucial to conduct thorough research and consider various factors before making any investment decisions.
