Goldman Sachs (GS) Offering Possible 10.86% Return Over the Next 29 Calendar Days

Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $180.00 short put and a strike $170.00 long put offers a potential 10.86% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $180.00 by expiration. The full premium credit of $0.98 would be kept by the premium seller. The risk of $9.02 would be incurred if the stock dropped below the $170.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Goldman Sachs is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Goldman Sachs is bullish.

The RSI indicator is at 70.99 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Goldman Sachs

Goldman Sachs reveals ties to Libya fund, says FT
Sat, 20 Sep 2014 18:23:12 GMT

Goldman Sachs reveals ties to Libya fund, says FT
Sat, 20 Sep 2014 08:23:12 GMT
AFP – Goldman Sachs has admitted in court documents to having used small gifts, occasional travel and an internship to cement its ties with Libya's sovereign wealth fund under Moamer Kadhafi, the Financial Times reported Saturday. The details were in the investment bank's defence to a lawsuit filed by the Libyan Investment Authority (LIA) in London in January, which accused Goldman Sachs of exploiting its position to make money on failed derivative trades. The fund accused the investment bank of gaining the “trust and confidence” of its inexperienced managers before advising them to enter into $1 billion worth of trades (779 million under current rates) which subsequently lost their value, but earned the bank a $350 million profit, the FT reported. According to details provided in January by the High Court, the fund claimed that senior bankers — including a former Goldman vice-president, Youssef Kabbaj — tried to influence LIA staff with small gifts and a trip to Morocco.

[$$] Regulators Probe Goldman's Internship for Brother of Libyan Ex-Official
Fri, 19 Sep 2014 07:26:08 GMT
The Wall Street Journal – A yearslong probe of Goldman Sachs Group's ties to Libya's sovereign-wealth fund is focusing on an internship and other perks allegedly offered by the Wall Street bank to win business from the Gadhafi …

SEC probing Goldman Sachs internship for brother of Libyan ex-official: WSJ
Fri, 19 Sep 2014 02:14:52 GMT

U.S. SEC probing Goldman Sachs internship for brother of Libyan ex-official – WSJ
Fri, 19 Sep 2014 02:14:15 GMT

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