Goldman Sachs (GS) Offering Possible 12.61% Return Over the Next 28 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 12.61% return on risk over the next 28 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 $1.12 would be kept by the premium seller. The risk of $8.88 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 71.26 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 names new retail arm Marcus
Fri, 19 Aug 2016 09:16:51 GMT
Financial Times – As Goldman Sachsshifts its focus from Wall Street to Main Street, the big US bank known for catering to the rich and powerful has settled on an informal name for its new retail banking operation: Marcus. …

[$$] Goldman's New Name to Beckon Consumers: Marcus
Fri, 19 Aug 2016 01:57:51 GMT

Goldman seeks to force ex-employee in Fed leak case to arbitrate
Thu, 18 Aug 2016 21:52:35 GMT

Goldman seeks to force ex-employee in Fed leak case to arbitrate
Thu, 18 Aug 2016 21:52:35 GMT

Goldman seeks to force ex-employee in Fed leak case to arbitrate
Thu, 18 Aug 2016 21:41:14 GMT
Reuters – Goldman Sachs Group Inc filed a lawsuit on Thursday seeking to force a former managing director to arbitrate his claim for legal fees stemming from probes into his alleged use of confidential Federal Reserve documents. The lawsuit was filed in New York state Supreme Court in Manhattan against Joseph Jiampietro, an ex-Goldman employee whom the Federal Reserve Board this month brought an enforcement case against. Goldman's lawsuit came after Jiampietro in July sued the bank in Delaware Chancery Court seeking to force it to cover at least $350,000 in legal expenses stemming from probes by the Federal Reserve and the Financial Industry Regulatory Authority in 2015.

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