Goldman Sachs (GS) Offering Possible 23.3% Return Over the Next 24 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 $205.00 short put and a strike $195.00 long put offers a potential 23.3% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $205.00 by expiration. The full premium credit of $1.89 would be kept by the premium seller. The risk of $8.11 would be incurred if the stock dropped below the $195.00 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 above 80 which suggests that the stock is in overbought territory.

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

[$$] Michael Sherwood Quits as Head of Goldman Sachs in Europe
Tue, 22 Nov 2016 05:05:47 GMT

Don't Worry, Stock Market Rally Is Just Getting Started
Tue, 22 Nov 2016 00:33:00 GMT

Blockchain startup R3 cuts fund-raising target to $150 million – source
Mon, 21 Nov 2016 23:39:58 GMT

Iran, Iraq, Russia Buoy OPEC Cut Hopes; Goldman Ups Oil Price Outlook
Mon, 21 Nov 2016 21:35:50 GMT

GOLDMAN SACHS GROUP INC Files SEC form 8-K, Change in Directors or Principal Officers
Mon, 21 Nov 2016 21:31:32 GMT

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