Goldman Sachs (GS) Offering Possible 26.58% Return Over the Next 23 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 $162.50 short put and a strike $157.50 long put offers a potential 26.58% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $162.50 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock dropped below the $157.50 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

Goldman Sachs Asset’s Hershan Said to Lead Talks for Unit Buyout
Wed, 24 Aug 2016 06:07:56 GMT

Marcus: Goldman Sachs’s New Retail Banking Identity (GS)
Tue, 23 Aug 2016 21:35:00 GMT

Why Goldman Thinks the U.S. Dollar Will Stay Strong
Tue, 23 Aug 2016 18:43:00 GMT

Goldman Sachs Plans to Cut 15 Jobs in New York by Year-End
Tue, 23 Aug 2016 14:57:14 GMT

[$$] Big Four accounting firms called to account by small-town lawyer
Tue, 23 Aug 2016 08:14:10 GMT
Financial Times – Steven Thomas had enough cash to pay about three months of bills in 2007, when he quit Sullivan & Cromwell to set up on his own. Deserting the elite Wall Street law firm was virtually unheard of; partners …

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