Decoding Goldman Sachs Gr's Options Activity: What's the Big Picture?

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 8 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 37% bearish. Among these notable options, 2 are puts, totaling $65,586, and 6 are calls, amounting to $251,191.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $320.0 and $500.0 for Goldman Sachs Gr, spanning the last three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Goldman Sachs Gr stands at 734.71, with a total volume reaching 193.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Goldman Sachs Gr, situated within the strike price corridor from $320.0 to $500.0, throughout the last 30 days.

Goldman Sachs Gr Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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.

Present Market Standing of Goldman Sachs Gr

• With a volume of 663,940, the price of GS is down -0.36% at $459.5.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 50 days.

Expert Opinions on Goldman Sachs Gr

In the last month, 2 experts released ratings on this stock with an average target price of $510.5.

• An analyst from Oppenheimer persists with their Outperform rating on Goldman Sachs Gr, maintaining a target price of $517.
• Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Goldman Sachs Gr, targeting a price of $504.

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.