Goldman Sachs (GS) Offering Possible 20.77% Return Over the Next 9 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 $240.00 short put and a strike $235.00 long put offers a potential 20.77% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $240.00 by expiration. The full premium credit of $0.86 would be kept by the premium seller. The risk of $4.14 would be incurred if the stock dropped below the $235.00 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 76.99 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

Hedge Funds Battle With Goldman Sachs in Going Long on Aussie
Tue, 10 Oct 2017 01:38:07 +0000
Goldman Sachs Asset Management is clashing with speculators in a wager on a weaker Australian dollar, just as those hedge funds top up bets on the currency appreciating.

General Electric, Nike Sink DJIA on Monday
Mon, 09 Oct 2017 20:01:34 +0000
General Electric, Nike, Goldman Sachs, and UnitedHealth dragged the DJIA lower on Monday.

Bank Earnings Pair Trade: Morgan Stanley Vs. Goldman Sachs
Mon, 09 Oct 2017 17:58:54 +0000
Big bank earnings season is once again right around the corner, with Morgan Stanley (NYSE: MS ) and Goldman Sachs Group Inc (NYSE: GS ) set to report on Oct. 17. For traders looking for a big bank pair …

Goldman found a way to invest around rising wages, and it…
Mon, 09 Oct 2017 15:30:00 +0000
Analysts at Goldman Sachs have a strategy that is outperforming the overall market and could pick up further steam as wages rise.

Big-Bank Boogaloo: Buy Morgan Stanley, Skip Goldman
Mon, 09 Oct 2017 14:58:00 +0000
JPMorgan (JPM) and Citigroup (C) will kick off earnings season for big banks this week, and Credit Suisse' Susan Roth Katzke and her team take a look at the sector, writing that fundamentals still look good for the sector. Katzke writes that while banks will face some issues, including weaker loan growth and trading, those issues are already baked into expectations, translating into 5% year-over-year earnings per share growth for the group. Beyond the third quarter, she writes that banks' performance will be tied to the macro backdrop, which at the present looks stable, while return on equity could get a boost from regulatory reform.

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