Goldman Sachs Offering Possible 17.37% Return Over the Next 29 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 $170.00 short put and a strike $160.00 long put offers a potential 17.37% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $1.48 would be kept by the premium seller. The risk of $8.52 would be incurred if the stock dropped below the $160.00 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 63.35 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

Drummond to export from Colombia in January, pay fine
Fri, 20 Dec 2013 18:45:41 GMT
Reuters – CIENAGA/BOGOTA, Colombia, Dec 20 (Reuters) – U.S. coal miner Drummond Co Inc will continue to export coal from Colombia in January, when a new environmental law takes effect, and it will pay a fine to keep loading ships by crane, the head of its Colombian operations said on Friday. The announcement ends concern that the company's exports, about a third of Colombia's total shipments, would be shut down during the roughly three months Drummond said it needs to begin loading ships by conveyor belt, a legal requirement from Jan. 1. “We consider it fundamental and very important, not only for the company, but for the country, to continue operating and this means fines,” Jose Miguel Linares said in a press conference at its private port in Cienaga. Environment Minister Luz Helena Sarmiento said coal miners could continue loading by crane after Jan. 1 if they pay a daily fine.

FMHR Final Trade
Fri, 20 Dec 2013 17:58:00 GMT
CNBC – The FMHR traders reveal their final trades.

Goldman Sachs bans multidealer chatrooms – source
Fri, 20 Dec 2013 15:51:03 GMT

Goldman Sachs bans multidealer chatrooms: source
Fri, 20 Dec 2013 15:49:26 GMT
Reuters – U.S. investment bank Goldman Sachs has become the latest major financial institution to ban its dealers from using multilateral online chatrooms, a source familiar with the matter said on Friday. The move …

Goldman Sachs bans multidealer chatrooms – source
Fri, 20 Dec 2013 15:45:35 GMT
Reuters – UK Focus – U.S. investment bank Goldman Sachs has become the latest major financial institution to ban its dealers from using multilateral online chatrooms, a source familiar with the matter said on Friday. The move …

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