Goldman Sachs Gr's Options Frenzy: What You Need to Know

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 15 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 46% leaning bullish and 40% bearish. Among these notable options, 4 are puts, totaling $175,059, and 11 are calls, amounting to $499,021.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $400.0 to $640.0 for Goldman Sachs Gr over the last 3 months.

Insights into 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 $400.0 to $640.0 in the last 30 days.

Goldman Sachs Gr Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
GS CALL TRADE BEARISH 07/19/24 $41.95 $40.25 $40.65 $425.00 $81.3K 561 20
GS PUT SWEEP BEARISH 05/24/24 $20.55 $19.6 $20.55 $480.00 $71.8K 0 56
GS CALL TRADE BULLISH 12/18/26 $23.0 $20.55 $23.0 $640.00 $69.0K 100 40
GS CALL SWEEP BEARISH 05/24/24 $6.6 $6.45 $6.46 $460.00 $64.8K 311 247
GS CALL TRADE BULLISH 12/18/26 $23.0 $20.55 $23.0 $640.00 $48.3K 100 100

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.

Following our analysis of the options activities associated with Goldman Sachs Gr, we pivot to a closer look at the company's own performance.

Present Market Standing of Goldman Sachs Gr

  • Trading volume stands at 710,098, with GS's price up by 1.65%, positioned at $461.05.
  • RSI indicators show the stock to be may be overbought.
  • Earnings announcement expected in 64 days.

What Analysts Are Saying About Goldman Sachs Gr

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $449.0.

  • An analyst from Oppenheimer persists with their Outperform rating on Goldman Sachs Gr, maintaining a target price of $517.
  • Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Goldman Sachs Gr with a target price of $433.
  • An analyst from Argus Research has elevated its stance to Buy, setting a new price target at $465.
  • An analyst from Citigroup persists with their Neutral rating on Goldman Sachs Gr, maintaining a target price of $425.
  • Maintaining their stance, an analyst from RBC Capital continues to hold a Sector Perform rating for Goldman Sachs Gr, targeting a price of $405.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Goldman Sachs Gr with Benzinga Pro for real-time alerts.

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Posted In: OptionsMarketsBZI-UOA
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