Goldman Sachs (GS) Offering Possible 17.37% Return Over the Next 6 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 $227.50 short put and a strike $222.50 long put offers a potential 17.37% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $227.50 by expiration. The full premium credit of $0.74 would be kept by the premium seller. The risk of $4.26 would be incurred if the stock dropped below the $222.50 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 55.04 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

Lloyd Blankfein attended key meeting with 1MDB figures: report
Fri, 09 Nov 2018 07:32:00 +0000
Former Goldman Sachs CEO Lloyd Blankfein was the unidentified high-ranking executive referenced in U.S. court documents who attended a 2009 meeting with former Malaysian prime minister Najib Razak involved in the 1MDB scandal, Bloomberg News reported, citing unnamed people familiar with the matter. The meeting was set up and attended by two key figures in the 1MDB scandal, Malaysian businessman Jho Low and former Goldman partner Tim Leissner, one person with direct knowledge of the matter said, according to Bloomberg. The use of $6.5 billion that Goldman raised for 1MDB has sparked investigations across several nations, the report added. A Goldman spokesman declined to comment, and Blankfein last week said at a conference that he's not aware of senior managers missing red flags in the 1MDB case.

[$$] Lloyd Blankfein revelation piles pressure on Goldman over 1MDB
Fri, 09 Nov 2018 04:17:27 +0000
In the autumn of 2009, the high-rolling social scene in New York was abuzz with talk of a Malaysian financier-cum-socialite known as Jho Low, who was touring the city’s most exclusive nightspots in a fleet of black Cadillac SUVs. Hardly anyone knew much about the serial partygoer, or how he had amassed enough wealth to spend hundreds of thousands of dollars in swanky Manhattan bars. In November of that year, the New York Post published a salacious profile of Mr Low describing him as a “mystery man”.

Elon Musk turns to BofA after Goldman flinches on SpaceX loan
Fri, 09 Nov 2018 00:19:31 +0000
Elon Musk is working with Bank of America to make his space travel dreams a reality after Goldman Sachs Group hesitated in handling new terms for a SpaceX loan.

Lloyd Blankfein Was the Unidentified Goldman Executive Present at 2009 1MDB Meeting
Thu, 08 Nov 2018 20:55:01 +0000
Blankfein was the unidentified high-ranking Goldman Sachs executive referenced in U.S. court documents who attended a 2009 meeting with the former Malaysian prime minister, the people said. The meeting at the Four Seasons hotel in New York was set up and attended by two key figures in the 1MDB scandal, Malaysian businessman Jho Low and former Goldman partner Tim Leissner, one person with direct knowledge of the matter said, asking not to be identified as the information isn’t public. Since then, the use of $6.5 billion that Goldman raised for 1MDB has sparked investigations across several nations, and entangled the U.S. bank in a high-profile corruption probe.

After Goldman Balks, Musk Turns to BofA to Handle SpaceX Loan
Thu, 08 Nov 2018 17:34:27 +0000
As recently as last week, Goldman Sachs Group Inc. had been canvassing investors for interest in $500 million of Space Exploration Technologies Corp. debt. The switch surprised bankers and investors, as Goldman is widely viewed as the Wall Street firm with the closest relationship to Musk.

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