Goldman Sachs (GS) Offering Possible 17.92% Return Over the Next 10 Calendar Days

Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $232.50 short call and a strike $237.50 long call offers a potential 17.92% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $232.50 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.24 would be incurred if the stock rose above the $237.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Goldman Sachs is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Goldman Sachs is bearish.

The RSI indicator is at 23.75 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 taps two execs from troubled BofA unit
Fri, 01 Jun 2018 17:42:55 +0000
The New York-based bank hired Kristin Maule and Katie Alberti, who were once part of what's been called an "elite" unit but one that has been plagued by sexual harassment allegations.

A Goldman Sachs VP Is Facing Criminal Charges Over Insider Trading
Fri, 01 Jun 2018 15:42:05 +0000
Here’s how his scam worked.

Kudlow on Trump jobs tweet: 'I don't think he gave anything away'
Fri, 01 Jun 2018 14:23:00 +0000
President Trump did not tip his hand on Twitter about the government's May jobs report, says top White House economic advisor Larry Kudlow.

A Goldman Sachs VP Is Facing Criminal Charges Over Insider Trading. Here’s How His Scam Supposedly Worked
Fri, 01 Jun 2018 11:33:37 +0000
His pal in South Korea, Sungrok Hwang, has also been named as a defendant.

Goldman Sachs vice president charged with insider trading
Thu, 31 May 2018 20:39:59 +0000
Federal prosecutors charged a vice president at Goldman Sachs Group Inc (GS.N) on Thursday with insider trading by illegally using non-public information about several companies that were clients of the investment bank. Prosecutors said Woojae “Steve” Jung, a 37-year-old Korean citizen, made more than $130,000 (£97,799) by trading illegally on confidential information relating to upcoming transactions and merger negotiations that he was privy to through his job. Authorities said Jung, who joined Goldman in 2012 and worked in San Francisco, conducted his trades through a brokerage account in the name of a friend living in South Korea.

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