Goldman Sachs (GS) Offering Possible 28.53% 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 $175.00 short put and a strike $170.00 long put offers a potential 28.53% 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 $175.00 by expiration. The full premium credit of $1.11 would be kept by the premium seller. The risk of $3.89 would be incurred if the stock dropped below the $170.00 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 75.55 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

[$$] Nasdaq to Run Goldman Sachs’s ‘Dark Pool’ Operations
Wed, 02 Nov 2016 04:13:51 GMT
The Wall Street Journal – Goldman Sachs agreed to hand over day-to-day operations of Sigma X, its “dark pool” platform for U.S. stocks trading, to Nasdaq in a first-of-its-kind partnership.

[$$] Nasdaq to Run Goldman Sachs's ‘Dark Pool' Operations
Tue, 01 Nov 2016 22:52:14 GMT

Goldman Sachs And Boeing Could Decide The Dow's Fate In 2016
Tue, 01 Nov 2016 21:33:00 GMT

Here's Who Killed It in October Dealmaking Advice
Tue, 01 Nov 2016 21:30:00 GMT

Goldman Tries To Become Apple Of Banking
Tue, 01 Nov 2016 20:39:00 GMT

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