Goldman Sachs (GS) Offering Possible 78.57% Return Over the Next 27 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 $257.50 short put and a strike $252.50 long put offers a potential 78.57% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $257.50 by expiration. The full premium credit of $2.20 would be kept by the premium seller. The risk of $2.80 would be incurred if the stock dropped below the $252.50 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 66.76 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

Goldman Sachs to set up cryptocurrency trading desk – Bloomberg
Fri, 22 Dec 2017 04:44:15 +0000
(Reuters) – Goldman Sachs Group Inc is setting up a trading desk to make markets in digital currencies like bitcoin, Bloomberg reported, citing people familiar with the matter. The Wall Street bank aims …

Goldman Sachs to set up cryptocurrency trading desk -Bbg
Thu, 21 Dec 2017 21:34:39 +0000
Goldman Sachs Group Inc is setting up a trading desk to make markets in digital currencies like bitcoin, Bloomberg reported, citing people familiar with the matter. The Wall Street bank aims to get the …

Goldman Sachs launching trading desk for bitcoin, report says
Thu, 21 Dec 2017 20:58:47 +0000
Goldman Sachs is planning to get into the business of trading digital currencies, Bloomberg reports, citing sources familiar with the matter.

Goldman Is Setting Up a Cryptocurrency Trading Desk
Thu, 21 Dec 2017 20:41:30 +0000
At least one of Wall Street’s biggest firms is growing more comfortable with cryptocurrencies.

Apple, Banks Boost Dow Near Record; Can Bitcoin Stop Its Slump?
Thu, 21 Dec 2017 20:20:30 +0000
Stocks rose after Congress passed the tax reform bill and as Apple, Goldman and JPMorgan led the Dow. Bitcoin extended its steep slide.

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