Goldman Sachs (GS) Offering Possible 24.38% Return Over the Next 15 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 $265.00 short put and a strike $260.00 long put offers a potential 24.38% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $265.00 by expiration. The full premium credit of $0.98 would be kept by the premium seller. The risk of $4.02 would be incurred if the stock dropped below the $260.00 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 67.99 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

EU officials reject City of London's Brexit blueprint for banks – sources
Wed, 31 Jan 2018 10:53:24 +0000
European Commission officials have rejected the City of London's proposal to strike a post-Brexit free trade deal on financial services, a major blow to Britain's hopes of keeping full access to EU markets for one of the world's top two financial centres. Ever since Britain voted to leave the EU nineteen months ago, some of the world's most powerful finance companies in London have been searching for a way to preserve the existing cross-border flow of trading after it leaves the bloc in 2019.     Officials from the European Union's executive told British financiers in meetings in recent weeks that they won't agree to a deal that would allow finance companies to operate in each others' markets without barriers because Britain has said it will leave the single market, according to two people who attended the meetings.

Goldman Sachs inadvertently bought a stake in a bitcoin trading desk
Wed, 31 Jan 2018 08:26:05 +0000
Contrary to recent reports, Goldman Sachs CEO Lloyd Blankfein says the investment bank isn’t starting a bitcoin trading desk (paywall). While the company provides services for clients who trade bitcoin derivatives, the executive said in an interview with CNBC that the bank isn’t placing bets on crypto or posting bids and offers on bitcoin with…

3M Increases Its Regular Cash Dividend by 15.8%
Tue, 30 Jan 2018 18:23:31 +0000
On January 25, 2018, 3M (MMM) announced a dividend for 1Q18. MMM increased its regular quarterly cash dividend by 15.8%. 3M has outstanding common shares of 613.4 million, which means MMM will be paying $834.2 million in dividends.

How Tax Reform Makes Goldman Sachs a Winner—and a Loser
Tue, 30 Jan 2018 15:14:12 +0000
Goldman won't benefit from tax cuts as much as its rivals will. Here's why.

What's working: Health care is 'ripe' for disruption
Tue, 30 Jan 2018 12:46:00 +0000
Carmel Wellso, Janus Henderson Investors, discusses where she is seeing investment opportunities, including her bet on Goldman Sachs.

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