Goldman Sachs Offering Possible 17.1% Return Over the Next 17 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 $160.00 short put and a strike $150.00 long put offers a potential 17.1% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $160.00 by expiration. The full premium credit of $1.46 would be kept by the premium seller. The risk of $8.54 would be incurred if the stock dropped below the $150.00 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 59.14 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

[$$] Texas Utility to Make Debt Payment
Wed, 30 Oct 2013 22:56:54 GMT
The Wall Street Journal – Energy Future Holdings, formerly TXU, is likely to make a $270 million payment to bondholders of its unregulated power subsidiary and stave off a potential bankruptcy filing.

ROBERT SHILLER: Young People With A Moral Purpose Should Work For Goldman Sachs, Not Google
Wed, 30 Oct 2013 22:35:45 GMT
Business Insider – Seriously.

Trick or Treat? Grain hedgers haunted by the ghost of MF Global
Wed, 30 Oct 2013 22:08:50 GMT

Trio of UK star rainmakers team up for advisory boutique
Wed, 30 Oct 2013 22:04:39 GMT
Financial Times – Three of London's star dealmakers are joining forces in a City advisory boutique, reflecting the exodus of senior talent from bulge-bracket investment banks amid intense political and regulatory scrutiny. …

Trick or Treat? Grain hedgers haunted by the ghost of MF Global
Wed, 30 Oct 2013 22:04:06 GMT
Reuters – Two years ago on Halloween thousands of U.S. grain farmers got the scare of their lives when broker MF Global collapsed and more than a billion dollars of their money went missing. MF Global customers have now, through a court-appointed trustee, recovered about 98 percent of the money, which had been in supposedly “safe” margin accounts. All that has been a treat for MF Global customers. “They really don't have an alternative,” said Dave Smoldt, vice president of grains and oilseeds business for Intl FCStone, one of the firms that has picked up some former MF Global customers.

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