Goldman Sachs Gr Unusual Options Activity For March 21

Someone with a lot of money to spend has taken a bearish stance on Goldman Sachs Gr 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 80 uncommon options trades for Goldman Sachs Gr.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.

Out of all of the special options we uncovered, 42 are puts, for a total amount of $3,016,281, and 38 are calls, for a total amount of $4,056,476.

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 $270.0 to $370.0 for Goldman Sachs Gr over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Goldman Sachs Gr options trades today is 962.43 with a total volume of 19,039.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Goldman Sachs Gr's big money trades within a strike price range of $270.0 to $370.0 over the last 30 days.

Goldman Sachs Gr 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 CALL SWEEP BEARISH 06/16/23 $350.00 $551.8K 2.2K 810
GS PUT SWEEP BULLISH 06/21/24 $315.00 $458.6K 43 0
GS CALL SWEEP BEARISH 06/16/23 $320.00 $416.6K 2.1K 1.1K
GS PUT SWEEP BULLISH 06/21/24 $315.00 $252.5K 43 213
GS PUT SWEEP BEARISH 01/19/24 $290.00 $243.5K 1.0K 46

Where Is Goldman Sachs Gr Standing Right Now?

  • With a volume of 2,211,855, the price of GS is up 2.84% at $318.31.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 28 days.

What The Experts Say On Goldman Sachs Gr:

  • JMP Securities downgraded its action to Market Outperform with a price target of $470
  • Goldman Sachs has decided to maintain their Buy rating on Goldman Sachs Gr, which currently sits at a price target of $425.

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 Goldman Sachs Gr, Benzinga Pro gives you real-time options trades alerts.


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Posted In: OptionsMarketsBZI-UOA