Goldman Sachs (GS) Offering Possible 15.74% Return Over the Next 3 Calendar Days

Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $382.50 short call and a strike $387.50 long call offers a potential 15.74% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $382.50 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock rose above the $387.50 long call strike price.

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

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

The RSI indicator is at 60.84 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 ramps up cobalt trading
Mon, 14 Jun 2021 00:00:00 +0000
Goldman Sachs has stepped up its trading in battery metal cobalt, latching on to one of the hottest corners of the commodities market as carmakers transition to electric vehicles. The involvement of banks such as Goldman could help bring liquidity to the trading of cobalt, an opaque market where prices are determined privately between buyers and sellers. Already, the price of lithium carbonate has risen 65 per cent this year while cobalt sulphate prices are up 24 per cent, according to Benchmark Mineral Intelligence.

Marqeta IPO: Riding the Fintech Wave
Sun, 13 Jun 2021 09:05:43 +0000
Marqeta (MQ), which is a payments processing operator, pulled off its IPO last week. On the first day of trading, the shares rose by 13% to $30.50, putting the market capitalization over $16 billion. The performance may seem unimpressive, but it's actually strong, considering that the company initially set a range for the offering at $20 to $24. (See Marqeta Stock Stats and Charts on TipRanks) The underwriters on the offering included Goldman Sachs (GS), J.P. Morgan (JPM), Citi (C), Barclays (BC

BNP under fire from Europe’s top wine exporter over lossmaking forex trades
Sun, 13 Jun 2021 00:00:00 +0000
BNP Paribas is facing allegations that its traders mis-sold billions of euros of lossmaking foreign exchange products to Europe’s largest wine exporter, the latest accusations in a widening controversy that has also enveloped Goldman Sachs and Deutsche Bank. J. García Carrión, founded in Jumilla in south-east Spain in 1890, is in dispute with the French lender over currency transactions with a cumulative notional amount of tens of billions of euros. BNP is one of several banks facing complaints from corporate clients in Spain over the alleged mis-selling of foreign exchange derivatives, which pushed some companies into financial difficulties.

Is The Biggest Bank Stock By Market Cap A Buy As It Comes Off High?
Fri, 11 Jun 2021 20:30:50 +0000
JPMorgan stock cleared a base this month, but the Fed signaled it may soon re-evaluate emergency measures from the pandemic.

Why We Handled GS Stock A Little Differently
Fri, 11 Jun 2021 20:25:15 +0000
Usually with swing trading, our holding time doesn't go beyond a couple of weeks. But with GS stock, we did things different.

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