Mike Khouw's Goldman Sachs (GS) Trade

Carter Worth analyzed the chart of Goldman Sachs

on CNBC's Options Action. He spotted on a long term chart a well defined head and shoulders bottom, and his presumption is that Goldman Sachs (

) is going to move higher. Carter Worth believes that Goldman Sachs (

) will move $10 higher to $185. Mike Khouw is also bullish on Goldman Sachs (

), and he wants to use options to get some long exposure in Goldman Sachs (

). He wants to buy the February 170 call for $7.90, and sell the February 180 call for $2.85. This trade would cost him $5.05, and the most he can win with this trade is $10. His loss is limited to $5.05. Goldman Sachs Group, Inc. (

) jumped 2.00% on Friday, and it closed at $175.00.