Deep-pocketed investors have adopted a bullish 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 11 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 72% leaning bullish and 27% bearish. Among these notable options, 5 are puts, totaling $253,680, and 6 are calls, amounting to $273,629.
What’s The Price Target?
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $250.0 and $410.0 for Goldman Sachs Gr, spanning the last three months.
Volume & Open Interest Trends
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 $250.0 to $410.0, over the past month.
Goldman Sachs Gr Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GS | PUT | SWEEP | BULLISH | 06/21/24 | $380.00 | $108.5K | 787 | 19 |
| GS | CALL | SWEEP | BULLISH | 10/18/24 | $390.00 | $83.0K | 58 | 29 |
| GS | PUT | SWEEP | BULLISH | 02/16/24 | $382.50 | $60.5K | 484 | 354 |
| GS | CALL | TRADE | BEARISH | 02/09/24 | $330.00 | $55.4K | 21 | 10 |
| GS | CALL | SWEEP | BULLISH | 04/19/24 | $410.00 | $41.3K | 431 | 81 |
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.
Present Market Standing of Goldman Sachs Gr
- Currently trading with a volume of 864,629, the GS’s price is up by 0.38%, now at $386.5.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 67 days.
Professional Analyst Ratings for Goldman Sachs Gr
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $449.2.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on Goldman Sachs Gr, which currently sits at a price target of $506.
- 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 JMP Securities downgraded its action to Market Outperform with a price target of $440.
- An analyst from Morgan Stanley upgraded its action to Overweight with a price target of $449.
- Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Goldman Sachs Gr, targeting a price of $491.
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.
Image and article originally from www.benzinga.com. Read the original article here.