Goldman Sachs (GS) Offering Possible 25.63% Return Over the Next 8 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 $380.00 short put and a strike $375.00 long put offers a potential 25.63% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $380.00 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $3.98 would be incurred if the stock dropped below the $375.00 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 68.8 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

Swedish battery maker run by ex-Tesla engineer raises $2.7bn to expand gigafactory
Wed, 09 Jun 2021 11:55:13 +0000
Demand for battery gigafactories has risen and battery makers have been scrambling to keep up as drivers look for greener cars and global governments vow to cut emissions in the race to meet net-zero goals.

Online Broker Webull Considers $400 Million U.S. IPO
Wed, 09 Jun 2021 03:11:17 +0000
(Bloomberg) — Online brokerage Webull is weighing an U.S. initial public offering that could raise about $300 million to $400 million, according to people with knowledge of the matter.The Changsha, Hunan-based company is working with Goldman Sachs Group Inc. to prepare for the share sale, which could take place as soon as this year, said the people, who asked not to be identified as the information is private.Considerations are at an early stage and details including size and timeline could cha

Visa (V), Goldman Sachs Tie Up to Ease Cross-Border Payments
Tue, 08 Jun 2021 13:51:01 +0000
Visa (V) partners with Goldman Sachs Transaction Banking, which intends to offer hassle free and secured cross-border B2B and B2C payments for the latter's clients.

Goldman Sachs (GS) and Visa (V) Ink Corporate Payments Deal
Tue, 08 Jun 2021 13:30:01 +0000
Goldman Sachs' (GS) partnership with Visa (V) to aid Goldman Sachs Transaction Banking clients and small to large businesses in moving money effortlessly across the globe.

Visual Comfort & Co. Announces Strategic Investment from Goldman Sachs Asset Management and Leonard Green & Partners
Tue, 08 Jun 2021 13:00:00 +0000
Visual Comfort & Co. (“VCC”), the premier resource for signature designer lighting, announced today a strategic investment from Goldman Sachs Asset Management and Leonard Green & Partners, L.P. (“LGP”), alongside their existing investment partner AEA Investors. The investment will enable Visual Comfort & Co. to further expand its leading position as the industry's preeminent branded resource for decorative and architectural lighting and ceiling fans. Andy Singer, who founded the business in 1987

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