Goldman Sachs Gr Unusual Options Activity For August 04

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.

Today, Benzinga's options scanner spotted 11 options trades for Goldman Sachs Gr.

This isn't normal.

The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $39,800, and 10, calls, for a total amount of $618,582..

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 $330.0 to $370.0 for Goldman Sachs Gr over the last 3 months.

Volume & Open Interest Development

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 $330.0 to $370.0 in 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 BULLISH 01/19/24 $370.00 $222.4K 1.1K 126
GS CALL SWEEP BEARISH 08/04/23 $330.00 $80.9K 181 34
GS CALL TRADE BULLISH 09/15/23 $340.00 $66.1K 1.6K 70
GS CALL SWEEP BULLISH 08/18/23 $360.00 $45.0K 1.1K 247
GS CALL SWEEP NEUTRAL 08/11/23 $355.00 $43.9K 924 293

Where Is Goldman Sachs Gr Standing Right Now?

  • With a volume of 444,970, the price of GS is up 1.37% at $358.01.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 74 days.

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.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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