This Bank Could Make Big Gains After Earnings

Shares of Goldman Sachs Group Inc GS are down nearly 19% year to date. The bank is scheduled to report its first-quarter earnings on Thursday.

On CNBC's "Options Action," Mike Khouw of Optimize Advisors said that Goldman Sachs was the busiest financial stock trading on Monday, in notional terms.

The stock traded 2.3 times its average daily volumes, and calls outpaced puts by more than 2:1, he added.

Check out other financial stocks making big moves in the premarket.

There were buyers of 8,666 of the April 330 calls at an average price of $5.62 per contract, Khouw mentioned. The buyers of these contracts are betting that the stock will rise by at least 4% by Thursday.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: Long IdeasOptionsMarketsMediaTrading IdeasCNBCMike KhouwOptimize Advisors
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!