Goldman Sachs (GS) Offering Possible 56.25% Return Over the Next 16 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 $412.50 short put and a strike $407.50 long put offers a potential 56.25% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $412.50 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $3.20 would be incurred if the stock dropped below the $407.50 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 75.57 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

Why This Stock May Not Be the Bargain It Seems
Tue, 02 Nov 2021 11:10:00 +0000
Goldman Sachs has posted strong earnings growth this year, but analysts see things slowing down in 2022.

Warren Buffett, Goldman Win From Fintech Gold Rush in India
Tue, 02 Nov 2021 06:18:38 +0000
(Bloomberg) — China’s transformation from a financial-technology backwater into a $46 trillion-a-year global leader in digital payments left most international investors watching in awe from the sidelines. Now India is undergoing its own fintech revolution, and the race is on to grab a piece of the action.Most Read from BloombergSupply Chain Crisis Risks Taking the Global Economy Down With ItInto the Metaverse: Where Crypto, Gaming and Capitalism CollideAtlanta’s Crowded Election Pits Former Ma

Is Your Junk Bond Spewing Carbon? Goldman May Have an Answer
Mon, 01 Nov 2021 13:31:15 +0000
(Bloomberg) — Goldman Sachs Group Inc. is rolling out a new tool for investors trying to figure out the carbon footprint of their financial holdings.Most Read from BloombergInto the Metaverse: Where Crypto, Gaming and Capitalism CollideCan a New Mayor Fix Seattle’s Downtown?In Minneapolis Election, the Future of Policing Is at StakeThe Terrifying Rise of Haunted TourismThe Best New Restaurants in Washington, Chosen by Top ChefsThe move comes as world leaders gather in Glasgow, Scotland, for the

Exclusive: Goldman Sachs offers new way for investors to bet on SPACs – sources
Mon, 01 Nov 2021 13:10:41 +0000
Goldman Sachs Group Inc has come up with a new offering that allows investors to bet on special purpose acquisition companies (SPACs), its latest attempt to capitalize on the dealmaking trend, people familiar with the matter said. The product is structured as a two-year bond that pays interest and gives investors exposure to SPACs without owning them, the sources said. It could appeal to institutional investors who want regular income through a portfolio of many SPACs, the sources added.

Goldman flags Archegos-related lawsuits as potential legal risks
Mon, 01 Nov 2021 12:42:02 +0000
Vipshop Holdings Ltd, GSX Techedu Inc and Tencent Music Entertainment Group – and accuse the bank of selling shares in these companies based on “material nonpublic information regarding the liquidation of Archegos' position”, according to the filing. Goldman was one of several banks that had lent to Archegos Capital Management, the family office run by former Tiger Asia manager Bill Hwang, which defaulted on margin calls earlier this year, triggering a fire sale of stocks including those in ViacomCBS and Discovery Inc. The three lawsuits were filed last month in a federal court in New York, and seek unspecified damages, Goldman said.

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