Goldman Sachs (GS) Offering Possible 36.99% Return Over the Next 15 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 $222.50 short call and a strike $227.50 long call offers a potential 36.99% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $222.50 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock rose above the $227.50 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 28.31 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

Under investor pressure, Goldman to explain trading strategy
Wed, 30 Aug 2017 01:10:34 +0000
Goldman Sachs Group Inc will detail plans to turn around performance at its core bond-trading unit next month after unusual pressure from large investors frustrated by vague explanations of its troubles, people familiar with the matter told Reuters. The move is a break from tradition at Wall Street's pre-eminent bank, which usually gives its investors little information about how it makes money. Goldman Chief Financial Officer Marty Chavez said Goldman had trouble “navigating” the markets during a conference call to discuss second-quarter results on July 18, but did not offer specifics.

Swell Says N. Korea Matters More Now Than Yesterday
Tue, 29 Aug 2017 14:19:49 +0000
Aug.29 — Mike Swell, co-head of global portfolio management, fixed income, at Goldman Sachs Asset Management, discusses the impact of rising tensions with North Korea on investors and monetary policy. He speaks with Bloomberg's Alix Steel and Jonathan Ferro on "Bloomberg Daybreak: Americas." (Corrects guest's title.)

Stocks close higher as Wall Street shakes off US-North Korea tension
Tue, 29 Aug 2017 13:30:09 +0000
Stocks regained their footing to close higher on Tuesday as investors shook off the tension between the U.S. and North Korea.

[$$] Why Goldman Sachs still wants to be Asia number one
Tue, 29 Aug 2017 02:24:08 +0000
Goldman Sachs still wants to be number one. So far, so typical for the bank, which likes to trumpet its top ranking in global league tables in each earnings update. But the ambition here relates to Asia's …

Refinery stocks rise after Harvey hits Houston; Dow closes lower
Mon, 28 Aug 2017 13:30:15 +0000
Shares of oil refinery companies rose on Monday after Tropical Storm Harvey forced refineries in Houston to shut down.

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