Carter Worth And Mike Khouw's Goldman Sachs Group Inc Trade

, Mike Khouw and Carter Worth teamed up to make a bearish trade on

. Worth said that

is underperforming both the S&P 500 and the financials and he showed that the stock has broken its uptrend recently. On the daily chart of

, he identified a head and shoulders pattern and he explained that the stock should drop to $160, which is 9.3 percent lower from its current price. Khouw suggested that investors should consider purchasing a put spread in the name. He would buy the January 175/160 put spread for $4. The break even for the trade is at $171 and if the stock drops to $160 it is going to reach its maximal profit of $11.