Deep-pocketed investors have adopted a bearish approach towards Goldman Sachs Gr (NYSE: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 17 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 35% leaning bullish and 64% bearish. Among these notable options, 2 are puts, totaling $65,080, and 15 are calls, amounting to $575,266.
What’s The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $290.0 to $400.0 for Goldman Sachs Gr over the recent three months.
Insights into Volume & Open Interest
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 $290.0 to $400.0, over the past month.
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 | SWEEP | BEARISH | 06/21/24 | $400.00 | $61.6K | 4.7K | 104 |
| GS | CALL | TRADE | NEUTRAL | 06/21/24 | $400.00 | $54.5K | 4.7K | 43 |
| GS | CALL | TRADE | BULLISH | 12/20/24 | $380.00 | $45.0K | 22 | 61 |
| GS | CALL | SWEEP | BEARISH | 03/15/24 | $380.00 | $44.9K | 1.1K | 78 |
| GS | CALL | TRADE | BULLISH | 12/20/24 | $380.00 | $42.0K | 22 | 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.
Having examined the options trading patterns of Goldman Sachs Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Goldman Sachs Gr
- With a volume of 854,886, the price of GS is up 0.49% at $392.82.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 41 days.
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.
