Goldman Sachs (GS) Offering Possible 11.48% Return Over the Next 23 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 $215.00 short put and a strike $205.00 long put offers a potential 11.48% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $215.00 by expiration. The full premium credit of $1.03 would be kept by the premium seller. The risk of $8.97 would be incurred if the stock dropped below the $205.00 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 44.74 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

Stocks – S&P Closes Lower as Financials, Energy Weigh
Mon, 22 Oct 2018 23:01:00 +0000 – The S&P 500 closed lower on Monday as financials and energy slumped, offsetting gains in technology, while rising U.S.-China trade tensions also weighed on sentiment.

Edited Transcript of GS earnings conference call or presentation 16-Oct-18 1:30pm GMT
Mon, 22 Oct 2018 21:50:25 +0000
Q3 2018 Goldman Sachs Group Inc Earnings Call

With Shift of Online Bank Marcus, Goldman Signals Ambitions to Come in Wealth Management
Mon, 22 Oct 2018 20:27:00 +0000
(GS) is moving its two-year old consumer-banking brand Marcus into its asset management unit, which will be renamed the consumer and investment management division, the bank said Monday in an internal memo. Previously, Marcus had been part of Goldman’s (ticker: GS) investing and lending division, which includes the bank’s merchant banking and principal investing teams. “With this step, our consumer digital finance platform will have a broader mandate to grow its customer base, expand distribution channels and launch new products leveraging the firm’s existing strengths and capabilities globally,” chief executive David Solomon wrote with chief operating office John Waldron and chief financial officer Stephen Scherr.

Netflix Sees Volatile Trading, but Sector Posts Gains Midday
Mon, 22 Oct 2018 19:12:00 +0000 – Netflix (NASDAQ:NFLX) shares went on a roller-coaster ride through to midday trading as they continued to struggle following what looked like very strong earnings.

Goldman Sachs brings Marcus under wealth management umbrella
Mon, 22 Oct 2018 19:01:22 +0000
Goldman Sachs Group Inc. is known for managing money for the wealthy elite. The shift underscores an “evolving strategy” at Goldman (NYSE: GS) — one where the firm moves beyond high-net-worth individuals. The Marcus leadership will now report to Eric Lane and Tim O’Neill, the two heads of the investment-management division, which now brings in almost 20 percent of Goldman’s revenue.

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