Goldman Sachs Offering Possible 6.04% Return Over the Next 31 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 $155.00 short put and a strike $145.00 long put offers a potential 6.04% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $0.57 would be kept by the premium seller. The risk of $9.43 would be incurred if the stock dropped below the $145.00 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 60.66 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 Trading Slump Tied in Part to Faulty Currency Trade
Wed, 20 Nov 2013 23:33:14 GMT
The Wall Street Journal – A complex bet in the foreign-exchange market backfired on Goldman Sachs Group Inc. during the third quarter, contributing to a revenue slump that prompted senior executives to defend the firm's trading …

Chrysler adds four underwriters as it eyes December IPO: sources
Wed, 20 Nov 2013 22:29:38 GMT
Reuters – Chrysler Group LLC has added four banks to help underwrite its proposed initial public offering, as the U.S. automaker looks to launch the deal as soon as early December, according to people familiar with the matter. Barclays Plc (BARC.L), Goldman Sachs Group (GS), Morgan Stanley (MS) and UBS AG (UBSN.VX) have been appointed as bookrunners in the offering, which is being led by JPMorgan Chase & Co (JPM) and Bank of America Merrill Lynch (BAC), the people said on Wednesday. The IPO could price in December, the people said, declining to be identified because the information is private. Chrysler declined to comment.

Chrysler adds four underwriters as it eyes December IPO – sources
Wed, 20 Nov 2013 22:28:59 GMT

Chrysler looks to early December for IPO launch, Reuters says
Wed, 20 Nov 2013 21:00:38 GMT
theflyonthewall.com – Chrysler looks to early December for IPO launch, Reuters says

Priceline Said Seeing Mobile, European Gains
Wed, 20 Nov 2013 19:53:00 GMT
Investor's Business Daily – Priceline Said Seeing Mobile, European Gains

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