Deep-pocketed investors have adopted a bearish 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 27 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 37% leaning bullish and 62% bearish. Among these notable options, 14 are puts, totaling $680,327, and 13 are calls, amounting to $568,228.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $320.0 to $480.0 for Goldman Sachs Gr over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Goldman Sachs Gr's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Goldman Sachs Gr's whale activity within a strike price range from $320.0 to $480.0 in the last 30 days.
Goldman Sachs Gr 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GS | PUT | TRADE | BULLISH | 07/19/24 | $24.15 | $24.0 | $24.0 | $400.00 | $220.8K | 429 | 8 |
| GS | CALL | TRADE | NEUTRAL | 07/19/24 | $73.85 | $72.95 | $73.45 | $320.00 | $73.4K | 7 | 10 |
| GS | CALL | SWEEP | BULLISH | 04/19/24 | $4.5 | $4.25 | $4.44 | $400.00 | $66.4K | 1.8K | 265 |
| GS | CALL | TRADE | BEARISH | 01/17/25 | $47.65 | $42.7 | $42.7 | $380.00 | $64.0K | 1.0K | 15 |
| GS | PUT | SWEEP | BULLISH | 04/19/24 | $8.85 | $8.75 | $8.75 | $392.50 | $60.3K | 232 | 28 |
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.
In light of the recent options history for Goldman Sachs Gr, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Goldman Sachs Gr
- Trading volume stands at 1,600,689, with GS's price down by -2.11%, positioned at $389.08.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 3 days.
What Analysts Are Saying About Goldman Sachs Gr
5 market experts have recently issued ratings for this stock, with a consensus target price of $431.0.
- An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $390.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Goldman Sachs Gr, targeting a price of $435.
- Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Goldman Sachs Gr, targeting a price of $446.
- An analyst from JP Morgan persists with their Overweight rating on Goldman Sachs Gr, maintaining a target price of $424.
- An analyst from JMP Securities has decided to maintain their Market Outperform rating on Goldman Sachs Gr, which currently sits at a price target of $460.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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