Goldman Sachs (GS) Offering Possible 14.68% Return Over the Next 29 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 14.68% return on risk over the next 29 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 $1.28 would be kept by the premium seller. The risk of $8.72 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 63.98 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

[$$] Fed splits over rates, Goldman Sachs aims for the 99% and the capture of ‘the ghost'
Thu, 18 Aug 2016 07:40:44 GMT
Financial Times – Sign up to receive FirstFT by email here A divided Federal Reserve left open the prospect of a further interest rate rise this year even as policymakers insisted they needed more evidence on the durability …

[$$] Goldman Makes Minority Investment in Littlejohn
Wed, 17 Aug 2016 21:15:26 GMT

From Wall Street to the Fashion District
Wed, 17 Aug 2016 19:44:52 GMT

Inside Goldman Sachs' program to develop a new generation of coders
Wed, 17 Aug 2016 19:27:52 GMT

[$$] Goldman Sachs: a play for the 99%
Wed, 17 Aug 2016 18:54:13 GMT
Financial Times – In April this year Goldman Sachs did something it had never done before. For almost 150 years, it had prospered by getting close to people of power and influence: wealthy institutions, multinationals, …

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