Goldman Sachs Group Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on Goldman Sachs Group GS.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with GS, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 22 uncommon options trades for Goldman Sachs Group.

This isn't normal.

The overall sentiment of these big-money traders is split between 27% bullish and 72%, bearish.

Out of all of the special options we uncovered, 18 are puts, for a total amount of $833,926, and 4 are calls, for a total amount of $220,954.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $210.0 to $380.0 for Goldman Sachs Group over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Goldman Sachs Group options trades today is 1169.53 with a total volume of 4,288.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Goldman Sachs Group's big money trades within a strike price range of $210.0 to $380.0 over the last 30 days.

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

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
GS PUT SWEEP BULLISH 05/20/22 $300.00 $102.9K 7.3K 528
GS CALL SWEEP BULLISH 06/17/22 $300.00 $86.9K 756 21
GS PUT SWEEP BULLISH 05/20/22 $300.00 $74.4K 7.3K 656
GS PUT SWEEP NEUTRAL 05/20/22 $300.00 $69.9K 7.3K 778
GS PUT TRADE BEARISH 10/21/22 $380.00 $69.3K 25 10

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
GS PUT SWEEP BULLISH 05/20/22 $300.00 $102.9K 7.3K 528
GS CALL SWEEP BULLISH 06/17/22 $300.00 $86.9K 756 21
GS PUT SWEEP BULLISH 05/20/22 $300.00 $74.4K 7.3K 656
GS PUT SWEEP NEUTRAL 05/20/22 $300.00 $69.9K 7.3K 778
GS PUT TRADE BEARISH 10/21/22 $380.00 $69.3K 25 10

Where Is Goldman Sachs Group Standing Right Now?

  • With a volume of 2,017,875, the price of GS is down -0.52% at $318.12.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 78 days.

What The Experts Say On Goldman Sachs Group:

  • B of A Securities has decided to maintain their Neutral rating on Goldman Sachs Group, which currently sits at a price target of $360.
  • BMO Capital has decided to maintain their Outperform rating on Goldman Sachs Group, which currently sits at a price target of $486.
  • Morgan Stanley has decided to maintain their Equal-Weight rating on Goldman Sachs Group, which currently sits at a price target of $418.
  • Piper Sandler has decided to maintain their Overweight rating on Goldman Sachs Group, which currently sits at a price target of $430.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for {d[company_name]}, Benzinga Progives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.